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Dragados Offshore Botswana. Numbered accounts
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False trust is a trust set up in such a way that as a result of the establishment of real legal consequences for its participants does not occur.
Signs of that trust may be a sham:
At the time of the creation of trust founder did not have absolute ownership of the assets transferred to asset management;
The founder of a trust is not passed completely and irrevocably the legal and beneficial right to the assets are the subject of the trust, ie Founder is benefitsirom trust or retains control over the trust assets;
Founder reserved the right to monitor the actions of trustee;
Documents trust do not reflect the real intentions of the founder. This is considered to be a sham trust contract and not the trust. Trust can be recognized as valid, but at the existing conditions, other than specified in the trust agreement.
Recognize the trust can only be a sham trial. Recognition of a trust a sham - the most common way to deal with it. Over the past decade, there were many methods of proof fiktivnosti trusts. Therefore, they should be set up with the help of experienced lawyers practicing in the jurisdiction where they are created.
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