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:
“The powers of the federal government ... result from the compact to which the states are parties, [and are] limited by the plain sense and intention of the instrument constituting that compact.”
—James Madison (1751–1836)
“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)
“The only thing that was dispensed free to the old New Bedford whalemen was a Bible. A well-known owner of one of that city’s whaling fleets once described the Bible as the best cheap investment a shipowner could make.”
—For the State of Massachusetts, U.S. public relief program (1935-1943)