Trusts and foundations

This publication was produced by UBS Switzerland AG, by one of its subsidiaries or by an associated company ("UBS"). It is for your information only and is not intended as an offer, or a solicitation of an offer, to buy or sell any products or specific services. Although all information and opinions expressed in this document were obtained from sources we believe to be reliable, UBS expressly disclaims any liability, express or implied, for false or incomplete information. To the extent permitted by law, neither UBS nor any of its managers, employees or agents may be held liable for any losses or damages whatsoever that might arise from the use of this publication or be connected therewith. All information and opinions indicated are subject to change without notice. UBS retains the right to change the range of services, the products and the prices at any time without prior notice. Certain services and products are subject to legal provisions and cannot therefore be offered worldwide on an unrestricted basis. The content of this publication has not been adapted to the specific needs and investment objectives of a particular client or recipient and is not tailored to their personal or financial situation. In principle, UBS does not provide legal or tax advice and this publication does not constitute such advice. UBS recommends that all persons considering the products or services described herein obtain appropriate independent legal, tax and other professional advice. The products and services mentioned herein may require agreements to be signed. Please note that the terms and conditions of such specific agreements described in the corresponding agreements apply to these products and services. We kindly ask you to carefully read such agreements and to contact your UBS client advisor or Wealth Planner should you have any questions.

For clients booked in Hong Kong and Singapore: This material has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient and is published solely for information purposes. No representation or warranty, either express or implied is provided in relation to the accuracy, completeness or reliability of the information contained herein, nor is it intended to be a complete statement or summary of the developments referred to in this material. This material does not constitute an offer to sell or a solicitation to offer to buy or sell any securities or investment instruments, to effect any transactions or to conclude any legal act of any kind whatsoever. Nothing herein shall limit or restrict the particular terms of any specific offering. No offer of any interest in any product will be made in any jurisdiction in which the offer, solicitation or sale is not permitted, or to any person to whom it is unlawful to make such offer, solicitation or sale. Not all products and services are available to citizens or residents of all countries. Any opinions expressed in this material are subject to change without notice and may differ or be contrary to opinions expressed by other business areas or divisions of UBS AG or its affiliates (“UBS”) as a result of using different assumptions and criteria. UBS is under no obligation to update or keep current the information contained herein. Any charts and scenarios are for illustrative purposes only. Historical performance is no guarantee for and is not an indication of future performance. Neither UBS AG nor any of its affiliates, directors, employees or agents accepts any liability for any loss or damage arising out of the use of all or any part of this material. UBS specifically prohibits the redistribution or reproduction of this material in whole or in part without the prior written permission of UBS, and UBS accepts no liability whatsoever for the actions of third parties in this respect.

For prospective or current clients and beneficiaries of UBS Trustees (Bahamas) Ltd.: UBS Trustees (Bahamas) Ltd. is authorized and regulated by the Central Bank of The Bahamas ("CBB") and the Securities Commission of the Bahamas (“SCB”) for the conduct of trust company and funds services business. UBS Trustees (Bahamas) Ltd is ultimately owned by UBS AG (a public company limited by shares, incorporated in Switzerland whose registered offices are at Aeschenvorstadt 1, CH-4051, Basel and Bahnhofstrasse 45, CH-8001 Zurich) with its principal place of business in The Bahamas at East Bay Street, Nassau. UBS Trustees (Bahamas) Ltd does not give tax, legal or accounting advice.

For prospective or current clients and beneficiaries of UBS Trustees (B.V.I.) Limited: UBS Trustees (B.V.I.) Limited is regulated by the British Virgin Islands Financial Services Commission with a Class II trust license and is regulated by the Jersey Financial Services Commission to conduct trust company business. UBS Trustees (B.V.I.) Limited is ultimately owned by UBS AG (a public company limited by shares, incorporated in Switzerland whose registered offices are at Aeschenvorstadt 1, CH-4051, Basel and Bahnhofstrasse 45, CH-8001 Zurich) with its registered office in the British Virgin Islands at Trident Chambers, PO Box 146, Road Town, Tortola and its principal place of business in Jersey at 1 IFC, IFC Jersey, St Helier, JE2 3BX. Details about the extent of our regulation by the Jersey Financial Services Commission and British Virgin Islands Financial Services Commission are available on request. UBS Trustees (B.V.I.) Limited does not provide legal, tax or accounting advice.

For prospective or current clients and beneficiaries of UBS Trustees (Cayman) Ltd: UBS Trustees (Cayman) Ltd is authorized and regulated by the Cayman Islands Monetary Authority ("CIMA") for the conduct of trust company business. UBS Trustees (Cayman) Ltd is ultimately owned by UBS AG (a public company limited by shares, incorporated in Switzerland whose registered offices are at Aeschenvorstadt 1, CH-4051, Basel and Bahnhofstrasse 45, CH-8001 Zurich) with its principal place of business in the Cayman Islands at Cayman Corporate Center, 5th Floor, 27 Hospital Road Grand Cayman KY1- 1106. UBS Trustees (Cayman) Ltd does not give tax, legal or accounting advice.

For prospective or current clients and beneficiaries of UBS Trustees (Jersey) Ltd and UBS TC (Jersey) Ltd: UBS Trustees (Jersey) Ltd and UBS TC (Jersey) Ltd are regulated by the Jersey Financial Services Commission to conduct trust company and fund services business. UBS Trustees (Jersey) Ltd and UBS TC (Jersey) Ltd are ultimately owned by UBS AG (a public company limited by shares, incorporated in Switzerland whose registered offices are at Aeschenvorstadt 1, CH-4051, Basel and Bahnhofstrasse 45, CH-8001 Zurich) with their registered offices in Jersey at 1 IFC, IFC Jersey, St Helier, JE2 3BX. Details about the extent of our regulation by the Jersey Financial Services Commission are available on request. UBS Trustees (Jersey) Ltd and UBS TC (Jersey) Ltd do not provide legal, tax or accounting advice. This document is not intended for distribution into the US and/or to US persons or in jurisdictions where its distribution by us would be restricted.

For prospective or current clients and beneficiaries of UBS Trustees (Singapore) Ltd: UBS Trustees (Singapore) Ltd (UEN 200005801G) is licensed by the Monetary Authority of Singapore to conduct trust business. UBS Trustees (Singapore) Ltd is ultimately owned by UBS AG (a public company limited by shares, incorporated in Switzerland whose registered offices are at Aeschenvorstadt 1, CH-4051, Basel and Bahnhofstrasse 45, CH-8001 Zurich) with its principal place of business in Singapore at 9 Penang Road, Singapore 238459. UBS Trustees (Singapore) Ltd does not give tax, legal or accounting advice.

The general explanations included in this document cannot address your personal wealth planning and/or investment objectives, your financial situation or needs (inter alias, e.g. succession or wealth preservation needs).
As a consequence of constantly and rapidly changing market conditions, the information, data, values and analyses contained in this document can become out of date even after only a short time. UBS is under no obligation to update or keep current the information contained in this document. This document is therefore no substitute for your own assessments and analysis of risks prior to taking any decision.
If you disagree with anything in this document or have questions about it, please contact your UBS Client Advisor or UBS Wealth Planner immediately. If you are interested in an investment instrument, a financial service, wealth planning advisory service or possible solutions mentioned in this document, please contact your UBS Client Advisor or UBS Wealth Planner. UBS representatives such as wealth planners and client advisors do not act in a fiduciary capacity and principally or solely provide information in relation to services offered only by UBS trust entities and affiliates when discussing the provision of trust and fiduciary services. We recommend that you regularly discuss your risk profile and personal circumstances with your UBS Client Advisor or UBS Wealth Planner, as the case may be, as a matter of course. Certain investment instruments, financial services, wealth planning advisory services or possible solutions are subject to legal restrictions and may not therefore be offered freely throughout the world. UBS accepts no liability for the appropriateness of investment instruments, financial services, wealth planning advisory services or possible solutions. You alone are responsible for any decisions you take on the basis of this document.

The information and opinions contained in this document have been obtained from reliable sources and in good faith. No representation or warranty is provided in relation to any information herein which is derived from independent sources. All information, opinions, figures and the prices (where applicable) given, are current only at the time of publication and may be altered without warning.
Wealth planning advisory services and possible solutions involve legal and tax implications and considerations, including but not limited to disclosure or reporting obligations and compliance with relevant laws and regulations in recipient's or client's home country/region or other relevant jurisdictions. UBS does not provide any legal or tax advice and does not assume, in general as well as in connection with the circumstances and requirements of any particular client, any liability in respect of the tax treatment for investments or any returns generated by such investments or any liability in respect of the tax or legal implications for wealth planning advisory services and possible solutions. You are therefore recommended, before making any decision, to seek advice from an independent expert on the effects of the investments, wealth planning services or possible solutions referred to, on their economic, legal and fiscal implications and the suitability of specific investment instruments, financial services, wealth planning services or possible solutions, as the case may be.
The source of all information is UBS, unless otherwise specified. UBS expressly prohibits the passing on or reproduction of all or part of this document without prior written permission given by UBS, and accepts no liability whatsoever in respect of actions of this kind by third parties. In particular, this document may not be circulated in the US or to US persons or in jurisdictions where its circulation is restricted by UBS.
This document may not be reproduced or distributed without the prior consent of UBS.

© UBS 2024. The key symbol and UBS are among the registered and unregistered trademarks of UBS. All rights reserved.

Approval Date: 29 January 2024. Expiration: 31 January 2025. Review Code: IS2400474.