In recent years the Malta Financial Services Authority (“MFSA”) has introduced significant updates designed to facilitate the establishment and operation of Single Family Offices (“SFO”) in Malta. These developments strengthen Malta’s po
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Introduction In today’s global financial landscape, trusts serve as essential tools for wealth management, estate planning, and asset protection. However, ensuring the integrity and compliance of a trust, particularly when it holds shares in a M
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In analysing the duties of the trustee, it is fundamental to refer to article 21 of the Trusts and Trustees Act (Chapter 331 of the Laws of Malta) (the “TTA”) which lays down the fundamental duties of the trustee. Article 21(1) of the TTA refl
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Under Article 2 of the Trusts and Trustees Act, Chapter 331 of the Laws of Malta (the “TTA”), the settlor is defined as ‘the person who makes the trust and includes a person who provides trust property or makes a disposition on trust or to a
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The main difference between a variation and a revocation of a trust is that, whilst variation allows the power to revoke certain terms under a trust and introduce new ones, revocation allows the power to terminate the rights under a trust indefini
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As per Article 2 of the Trusts and Trustees Act, Chapter 331 of the Laws of Malta (the “TTA”), the property held within a trust can be either a movable or an immovable, such as real estate property. Departing from the standard form of a trust
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