Powers of Investment
Most traditional jurisdictions only permit trustees to make very conservative financial investments. Most offshore jurisdictions permit (or allow the settlor to specify in the trust instrument that they are permitted) a wider range of investments, including higher risk investments such as derivatives and futures contracts.
Read more about this topic: Offshore Trust
Famous quotes containing the words powers of, powers and/or investment:
“My Vanquisher, spoild of his vanted spoile;
Death his deaths wound shall then receive, & stoop
*nglorious, of his mortall sting disarm’d.
I through the ample Air in Triumph high
Shall lead Hell Captive maugre Hell, and show
The powers of darkness bound. Thou at the sight
Pleas’d, out of Heaven shalt look down and smile,”
—John Milton (1608–1674)
“Exploitation and oppression is not a matter of race. It is the system, the apparatus of world-wide brigandage called imperialism, which made the Powers behave the way they did. I have no illusions on this score, nor do I believe that any Asian nation or African nation, in the same state of dominance, and with the same system of colonial profit-amassing and plunder, would have behaved otherwise.”
—Han Suyin (b. 1917)
“There is something fascinating about science. One gets such wholesale returns of conjecture out of such a trifling investment of fact.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)