Globe Foundation

Foundations are are the original estate planning tool whose origins date back to the Roman Empire.Modern foundations combine the best features of trusts and companies in a way that provides far more flexibility, protection and privacy than either.

Foundations are legal entities while trusts are not. Many countries do not give legal recognition to trusts thereby preventing the ownership of real estate by trusts. This can be overcome by using a foundation to hold the property.

Foundations can continue to hold assets indefinitely whereas trusts very often have a fixed time limit after which trust assets must be distributed. Foundations also benefit from greater privacy and protection than most forms of trust.

Although foundations are legal entities, they do not have shares, which can be an important advantage for those nationalities who are required to report their holdings in foreign controlled companies to their home country.

Foundations can also hold bank accounts and as with international business corporations or IBC’s, these accounts can be held anywhere in the world.

These features make foundations the ideal choice for estate planning for individuals.

Foundations can also be a very effective way of structuring a charitable organisation.