What trust management is

Trust asset management is a global practice of joint ownership and use of both tangible and intangible assets.

Assuming the responsibility for registration, recording and re-registration of property rights, the official bodies in most of the states recognize the owner as a single person, either legal or physical, and register absolute rights to property or part of it.The individuals appeal for the trust management in the situations when it’s necessary to distribute rights between co-owners more delicately, that is, in particular, to establish and control the rules for the use, ownership and disposal of property, cash deposits, securities, shares in companies and any other assets of both legal entities and individuals that are accounted for and recognized by state bodies.

It is impossible to quantify the value of all assets in the world under trust management. According to various estimates, only Northern Europe and the UK account for more than two trillion euros of assets in trust management.

The laws of all Western countries have a centuries-old practice of recognizing “collective” or “indirect” property rights.This system thrives from the medieval Europe with its extensive expansions due to the numerous colonies and the acquisition of new solid assets around the world.

Later it became a common legal practice to separate the property rights to the rights for the use, the rights for the ownership and the rights for the disposal.They appeared the laws and legal mechanisms of appointment and alteration of such rights. It was worked out a wide court practice of the precedents that led to improvements in laws and related mechanisms.They act all over the world tens of thousands of public trustees, and the number of trust structures organized by the closed groups of persons for solution of their local tasks cannot be counted but their number is likely to exceed one million.

Nowadays trust management is widely used by businessmen as a means for attraction of more potential clients, for example, when arranging the sales of the rights to use luxury apartments or villas (fraction ownership), and is also used by the physical bodies to ensure inheritance rights, to meet the requirements of the legislation to governmental officials and even to optimize taxation. Summarizing the above, any movable and immovable property, securities and liquid assets can be placed under trust management.

Relatively high cost of the organization and maintenance of the trust management scheme is compensated by flexible tools of fine-tuning and distribution of any rights for such property among co-owners. Due to trust management, high number of the new opportunities available to the average consumer around the world.

 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