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Welcome to Aura Solution Company Limited, a host of professional  wealth management material including articles from a broad range of Financial industry resources such as Paymaster Services, Wealth Management, Asset management, Escrow Services & Family Trust Account.

This section covers issues related to the management of businesses and family owned capital, and the transfer of assets via inheritance.

It also contains in depth information about family Office structures and the services we offer,such as Asset protection and management of multi generational wealth.

This collection of valuable knowledge will be practically useful for high net worth individuals, who are considering drawing up a long term strategy for the ownership and management of their family assets.

FAMILY TRUST

We use our exceptional resources and highly skilled people to provide wealth management solutions to individuals, families, family offices and institutions.

At Aura Wealth Management, meeting and exceeding client expectations is the basis of our success and our reputation.

 

We’ve built our organization around our clients’ needs, focusing on what serves, not what sells, and demonstrating trust and integrity in every action we take on our clients’ behalf. These measures have led to the success that matters most to us: highly satisfied clients and enduring client relationships, across market cycles and generations.

1. Creditor Protection

Property transferred to the trust is no longer owned by the settlor (or the beneficiaries) and therefore should not be subject to claims from future creditors, provided certain conditions are met at the time of settlement. With creditor protection in place, the settlor may decide to undertake a higher risk occupation or venture with no risk over the trust assets.

2. Protecting Against Relationship Property Claims 

Under certain circumstances, if you gift assets to your children during your lifetime, these assets may become available to their partners under relationship property laws should their relationship end. By placing these assets in a trust instead of directly in the name of your children, your children can continue to receive the benefit of those assets without the assets forming part of their personal property and therefore not subject to claims from partners. 

Furthermore, if you are married or in a de facto or civil union relationship, it is likely that part of your assets will be relationship property. Should you separate from your partner, the relationship property must be divided between the two of you. By transferring family property to a family trust, the assets become assets of the trust rather than your personal property and may therefore be protected from relationship property claims, subject to applicable relationship laws. 

 

3. Protecting Family with Illness or Special Needs

A family trust may be used to provide for children or other family members who require medical care or have special needs, or who are unable to manage their own affairs through either age or infirmity. Provisions can be made in the trust to protect against other family members who may intend to assume control of the family assets for themselves, following the death of the settlor. 

 

4. Protecting Against Spendthrift Beneficiaries

Trusts can provide for long-term protection of family assets where you have concerns about how certain family members manage their own financial affairs. The income or capital needs of family members can be provided for through the trust as their needs arise rather than handing over your assets to your children who may dispose of them in a reckless manner thus leaving them in poor financial standing in the long term.

 

5. Flexibility to React to Change in Law

Modern trust deeds usually include provisions which allow variation of the trusts in order to deal with changes in law. 

 

6. Estate Planning 

As mentioned above, subject to applicable bankruptcy and family law provisions,  assets settled on a trust no longer form part of the settlor’s estate upon his or her death. 

At Aura Wealth Management, meeting and exceeding client expectations is the basis of our success and our reputation. We’ve built our organization around our clients’ needs, focusing on what serves, not what sells, and demonstrating trust and integrity in every action we take on our clients’ behalf. These measures have led to the success that matters most to us: highly satisfied clients and enduring client relationships, across market cycles and generations.

Family Offices and High Net Worth Individuals

Family offices and high net worth individuals face unique, complex issues in a landscape of constantly changing requirements. Aura’s extensive experience with first generation and multigenerational families, and the offices that serve them, enables us to anticipate client needs.

The Aura Solution

Our Family Office Services group is a dedicated unit providing sophisticated, specialised resources designed for family offices and their advisors. We work closely with the family office to provide custody, while reporting on and servicing the family’s assets and delivering services such as trade execution and hedge fund administration. We also work with multi-family offices and boutique investment managers.

Family offices often face unique challenges created by managing investments across multiple jurisdictions, asset classes, investment managers, investment types, currencies, and custodians. Aura can help to:

  • Reduce inefficiencies of disparate processes and reporting across locations and service providers.

  • Provide a more complete view into a family’s total wealth.

  • Decrease the administrative burden connected with alternative investments.

Aura’s solutions provide family offices with a crucial vantage point, providing a single, consolidated view across investments to help track performance and manage risk.

Putting Our Solutions to Work for You

Working with a family office’s investment managers, we act as global custodian, holding and/or record-keeping combined assets and providing total wealth reporting through a premier technology platform, thereby removing the need for family offices to custody the assets with each provider.

Our capabilities are designed and managed specifically for wealthy families by our dedicated Family Office Services organisation.

This material is provided for illustrative/educational purposes only. This material is not intended to constitute legal, tax, investment or financial advice. Effort has been made to ensure that the material presented herein is accurate at the time of publication. However, this material is not intended to be a full and exhaustive explanation of the law in any area or of all of the tax, investment or financial options available. The information discussed herein may not be applicable to or appropriate for every investor and should be used only after consultation with professionals who have reviewed your specific situation.

MARTIN BRIAN

Wealth Manager

USA

HANY SAAD

Vice President

GLOBAL

MARK BREWER

Managing Director

ASEAN

KAAN EROZ

 

Managing Director

MEA & EUROPE

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