Trust Formation

Trust Formation

There are various ways in which a trust may be created, it can be created in writing, by will or by a unilateral declaration of trust or other written instruments. Since a trust is a very flexible instrument there are numerous different types of trusts which are used for various different situations. Maltese law has been fashioned in a way to accommodate the evolutionary process of trusts. Throughout time Malta has proved to be a favourable and stable jurisdiction for the establishment of trusts. The enactment of Trust and Trustees act together with the ratification of the Hague Convention on the law applicable to trusts and their recognition, established Malta as a one of the principle jurisdictions in the Field.