Warren
Administrator in Memoriam
- Joined
- Jan 22, 2005
- Messages
- 15,447
- City
- Sydney
- Country
- Australia
They already are. It's tax effective (rate: zero), secure (the fabled vaults, full palace security and with fast-response elite military backup available if required) and maintained (the Crown Jeweller). It works in the manner of a trust or foundation but without any need for a complex structured entity with finely-detailed documentation or offshore-registered companies. There are no high-priced City law firms, accountants, tax advisers or expert valuers involved. It doesn't require large-scale physical movement of the assets and is activated by just the one event more or less instantly and automatically, and operates seamlessly.Interesting discussion. I'm on the "of course the jewels should be in trust" side.
It goes by the name of 'Sovereign to Sovereign Transfer' and works exactly as the name describes.
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