Do you have an Estate Plan?
According to Forbes, having an estate plan is among the most important things you can do for your loved ones. It is often the last item appearing on our list of things to do and many put off dealing with it until later in life.
What is the Definition of an Estate?
An estate in common law is the net worth of an individual at any point in time alive or dead, less all liabilities at that time.
One’s estate can include:
- Land and real estate
- Financial instruments, securities, equities
- Cash
- Intellectual property
- Artwork, paintings
- Yacht
- Insurance policies etc
What is Estate Planning?
Estate planning is a process involving the counsel of your trusted advisors including your lawyer, accountant, trust and estate practitioner and notary who are familiar with your goals and concerns, your family structure, your assets and how they are owned. In some instance the advice of your tax advisor is important. The plan will essentially deal with the transfer of your assets upon death to your loved ones and the main instrument in this scenario will be by executing a will. If you have already established an Inter vivos Trust then a letter of wishes to your Trustee will guide them as to how the beneficiaries will benefit from the assets within the Trust. Some clients also include in their estate plan a generous donation to a charitable institution.
How are Estates Taxed in Mauritius?
- There is no gift tax in Mauritius
- There is no inheritance tax in Mauritius
- There is no wealth tax in Mauritius
Lemuel International Estate Planning Services Include:
- Establishing and administering trusts
- Supporting you in your investment strategy and how to best invest your assets within the trust
- Impartial and empathetic approach to decisions affecting beneficiaries
- Safekeeping of trust assets
- Continuity of trust management across multiple generations
- Tax preparation, record-keeping and accounting
Do not wait any longer to get your plan into execution, contact us
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Startups
Are you looking to set up and create your own business?
We offer an array of business process outsourcing options whether for small/medium sized companies, international corporates or new startups. We are also able to form investment SPVs in all major jurisdictions worldwide.
Corporate Services
Lemuel is an independent services provider supported by our fully-fledged office in Mauritius. We have built a strong reputation as a trusted partner and have helped many clients set up their international structures as well as supporting their expansion and investment plans in Africa and elsewhere.
We have a very strong partnership with our clients, working closely with them to achieve their growth and global expansion objectives.
Private Equity Services
We provide the structuring, the establishment and administration of all types of funds:
- Assist with structuring local regulatory applications and other fund documentation
- Coordinate the execution of operating agreements
- Establish fund bank accounts
- and more…
Company Secretarial
We provide corporate secretarial and other administration services and can offer clients a convenient single point of contact for their onshore and international business.
Estate Planning
We provide a full suite of trust, foundation and administration services, compliance services, preparation of periodic reports, investment reviews, establishment of subsidiary entities, maintenance of accounting records, and meeting with founders, settlors and beneficiaries.
Philanthropy
Whether it’s to make a long-term commitment to philanthropic causes in general, or with a more specific objective in mind, many wealthy individuals like to structure their affairs to include a provision for philanthropy. We have extensive experience in establishing and administering various structures with philanthropic objectives, and provide trustees for many charities with a range of beneficiaries. These vary from private arrangements to structures that are closely connected to large public charities.
Accounting & Payroll Services
Are you up-to-date with local payroll law? The recent changes in legislation governing company directorships? When, where and how to file annual reports?
It can be extremely difficult to manage legal and operational requirements. We are ready to help your company remain compliant with complex, diverse and ever-changing rules and regulations, to mitigate any risks to your success and help you control costs.
Expatriate and Relocation Services
Living and Working in Mauritius
Lemuel offers a number of value-added services to our clients wishing to immigrate to Mauritius or to hold a second home. To live and work in Mauritius requires an occupation or/and residence permit.
Real Estate Services
Whether you are a private individual, a family or a corporate we have the experience in establishing both, straightforward or more complex property holding structures, and everything in between.
We share our expertise and pool our combined knowledge to ensure our clients draw maximum benefit from our collective experience.