Trusts
IMG provides specialist trustee services for family reserved powers trusts, discretionary and life interest trusts and philanthropic trusts, whether these are in the form of regular trusts or are created under the STAR Trust regime. Whilst our preference is to deal with our family clients directly, we realise this is not always possible and are equally happy dealing with family offices or professional advisers for each family.
Foundation Companies
Now well-established in the Cayman Islands as a corporate alternative to the trust, IMG has experience of providing director, administrative and company secretarial services to foundations. These can be for the benefit of families or philanthropic purposes. We can work with clients and lawyers to help put the correct structuring in place that achieves each founder’s goals.
Protector & Enforcer Services
As experienced trust professionals, IMG’s principals know what is required of a protector or an enforcer. Equally, as a protector or enforcer, we are fully aware of what a trustee’s responsibilities and duties are. That places IMG in the ideal position to act as a protector or enforcer of trusts, joining with both trustees and families to ensure that these relationships work for the long-term benefit of each trust and its beneficiaries.
Replacement or court-appointed trustee
IMG’s principals have had extensive experience in taking over trusts from trustees where either the relationship between the trustee and the beneficiaries has broken down, or the trustee (for its own reasons) has decided to resign. This is often a more difficult process than taking on a new trust, requiring insight and delicacy in our dealings once on board. Whilst normally appointed by the means set out in the trust deed, we have also been involved with trusts where we have been appointed by court order.
Corporate services – entity formation and administration
Where we provide a trustee or director service to client structures, we also offer the provision of corporate services for entities that may be formed as part of those structures. This will include the provision of incorporation and registered office services.
Tax compliance and regulatory reporting
In this age of transparency, IMG has the capability to ensure that each client structure it administers complies with its Cayman and international tax reporting, as well as complying with its Cayman substance requirements.
Investment reporting
Sometimes clients want to have a detailed investment report regularly covering all their trust’s portfolios. As trustee we may also require this in appropriate cases. We have developed good working relations with a specific investment reporting company that can assist with the oversight of investment performance by preparing regular analysis, benchmarking performance, a review of actual hedging across all portfolios etc.
ESG
IMG is committed to socially responsible investment. We believe that the investment market now caters so well for ESG investments globally as to make ESG a sound, as well as ethical, investment strategy for the medium to long term. This commitment is a consistent one: we also look at it in the context of Philanthropy as well.
Other assets - real estate, operating businesses
Just about any asset can be held in trust and IMG has expertise as custodian and administering many of them, from commercial or residential real estate around the world, to treasured collections (cars, art) and large-scale private businesses.
Philanthropy
IMG’s principals have had extensive experience in recent years in the establishment and maintenance of philanthropic trusts and private foundations, including the development of specific philanthropic policies, selecting deserving charities or causes for benefit, evaluating funding proposals, involvement with university bursary schemes, mental wellness facilities and services, and climate research grants. Philanthropy now features prominently as a main priority of our clients and we are delighted to be able to help achieve their goals.
Yachts and Aviation
Our Yacht and Aviation services are designed to navigate the complex regulatory, tax, and operational challenges that come with high-value assets.
