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Podcast: Offshore Tax with HTJ.tax
Episode: The Difference Between a Custodial Institution (Not Sanctioned) & a Fiduciary Structure (Sanctioned)
Description: Custodial institutions and fiduciary structures may both “hold assets,” but legally they are completely different. The distinction comes down to the relationship, the level of discretion, and who is allowed to act on behalf of the owner. Under EU regulations, this difference determines why custodians remain allowed for Russians, while fiduciary services are banned.A Simple Analogy: Safe Deposit Box vs. Personal ChefCustodial Institution = Safe Deposit Box ManagerHolds assets securely.Cannot touch, manage, or move anything without explicit instruction.Their duty is pure safekeeping.<...