The trust protects you

For as long as anyone can remember, the attitude to property has been among the most important issues in human society. The ability to own, use and dispose valuable property is at the heart of many human actions and behavior patterns.

Accumulation of assets by some people and the inaccessibility or limitation of this to others have caused many problems and their consequences, especially during the initial development of human civilization. With the development of the state and its institutions, assets have become more protected from attacks by other persons. However, at the same time it increased the risk of being confiscated by the state, a bank or more privileged members of society.

While significant progress has been made later in protecting the assets of dutiful owners, it is still possible to be the target of an attack on their property. That is why a whole branch of law, called ‘Asset Protection’, appeared.

The main method of asset protection is legal distancing from assets, that is, transferring them from a subject whose property risks are high to another entity. This person is a trust. In this approach, the owner of the property loses legal connection with the transferred assets, but retains a certain level of control over them.

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GAS is better than a civil law notary

Since I have been working in the real estate sector in the Russian market for many years, moving from the usual membership in the Alliance Family Club to shared ownership, I made such an analogy for myself. Registration of any transaction for the acquisition of real estate is carried out through a civil law notary. This is an essential condition for ensuring and confirming the legality of the transfer of property. In the Club, the similar notary functions are performed by Global Actual Services trust company, officially registered in the Kingdom of Thailand. However, I saw the progressivity of this Trustee in attracting the owners of the Club to participate in the management. No notary can offer his client access to the process of studying and obtaining information on his case. That is why we sometimes hear about the sensational cases of so-called "black notaries". The involvement of the Club members to shared participation in Global Actual Services excludes such a possibility, as each shareholder has access to all information related to the trust management of the Club's property.

Ernest Zabolotskiy (Russia) comments upon the advantages of shared ownership
The owner of a real estate Agency