A Robust Trust Structure,
In A Highly Regarded Domicile
The Prospero Global Investment Plan is issued by Prospero Investment Solutions Limited and wrapped by the Prospero Bermuda Trust, a Bermuda Trust Structure.
Bermuda is the oldest and largest self-governing British dependent territory, having had its own elected Parliament since 1622.
Bermuda's legal system is based on English common law, the doctrines of equity, and Acts passed by the Bermuda Legislature.
Through a Private Act of Parliament Segregated Accounts for investors' assets are establish and maintained effectively insulating the assets of all investors from the general creditors.
Around the world inheritance laws vary, which can complicate the succession wishes of an individual. A Bermuda trust, being governed by the Bermuda legal system, can recognize the self-selected succession plan of the settlor, distributing the assets to the underlying beneficiaries named in the trust documents.
A trust is a legal fiduciary relationship between three parties; a settlor, the trustee and at least one beneficiary. The settlor (or, in the case of the Plan, the Plan Participant) places assets into the trust (or a Plan), those assets then belong to the trustee, who holds them for the benefit of the persons named in the trust instrument (in the case of the Plan those people named in the Plan Application who become beneficiaries of the Plan).
A trust is a is a longstanding concept in common law that dates back to at least the Middle Ages. The trustee assumes legal title to the trust property provided by the settlor, but is required by statute to act in the best interests of the beneficiaries. Your Plan is established and governed by Bermuda trust law.
Investments made through the Prospero Investment Plan are held by a sub-trust formed in Bermuda on behalf of each investor, which ensures that all investments will be safeguarded and governed by applicable Bermuda law.