‘Quiet Trusts: The Benefits of Privacy in Estate Planning’

“Following the leak of the ‘Pandora Papers’, which exposed tax secrecy on a major scale, the use of secret trusts has ‘come under fire’. The massive media coverage following the leak of the Papers resulted in public outrage as the Papers appeared to unveil the ‘secrecy in trust administration as a tactic to allow the wealthy to conceal their riches and avoid tax obligations’. One of these exposed methods are the use of ‘secret’ or ‘quiet’ trusts …” (more)

[Gerry W Beyer, Wills, Trusts and Estates Prof Blog, 12 December]

First posted 2021-12-13 14:50:19

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