Preserving Wealth: Versatile private wealth and trust solutions around the globe

Client profile: A Mexican high net worth individual who recently sold his business and looks to implement a structure for asset protection and succession planning.

Vistra services provided: Setting up of revocable trust and company, ongoing administration and management of structure in multiple jurisdictions.

Our client, who is a Mexican high net worth individual, sold his business and was looking to implement a structure to protect his personal wealth and establish financial security for his family. He incorporated a Canadian Limited Partnership (Canada LP) domiciled in Ontario to hold bankable assets listed in the Mexican Stock Exchange (also SIC as per its acronym in Spanish). The General Partner of the LP was a company based in the Bahamas holding also bankable assets (others).

Following the recommendations of his Mexican tax advisor, the client approached Vistra to help with the establishment of a revocable trust, to make sure that a proper succession planning structure is in place for his family. As settlor, the client contributed into the trust the shares of the Bahamas company and the limited partner interest in the Canada LP.

Vistra took over the administration and management of the client’s structure in its entirety, including a company in the Bahamas, a Canadian LP and a Trust. Subsequently, the Vistra team has also been requested to incorporate a US LLC to be a private insurance policy holder, as they were highly appreciative of the client-centric and versatile approach in meeting their family needs.

Our Private Wealth Specialists are highly experienced and capable in providing tailor-made and versatile solutions across multiple jurisdictions around the world.

If you would like to discuss how Vistra can help you create, preserve or transfer your wealth, please contact one of your local experts or visit our Private Wealth website.