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How to Establish a Lionheart Trust
Understanding the Lionheart Trust FrameworkA trust governed by the law of the Sovereign Base Areas of Akrotiri and Dhekelia requires careful legal drafting because it is based on a historical trust law framework that differs from modern UK trust legislation. Any trust established under SBA law should be designed to comply with the applicable governing law and the tax and reporting obligations of every relevant jurisdiction.⚖️ 1️⃣ Obtaining the Trust DocumentationA Lionheart Trust begins with a professionally prepared trust deed.The governing instrument should:• Clearly identify the governing…
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