In the first of a two part commentary, global advisory firm Maitland Group, explains what the Common Reporting Standard means for protectors of family trusts.
Being the protector of a family trust can seem a pretty thankless task. The role comes with a swathe of duties and obligations, albeit laudable, and will often be unremunerated. What’s more, protectors will frequently incur personal expense and inconvenience arising from their office.
