So far, we have been following the tradition and model of the classic Anglo-Saxon Trust. The offshore Trust is a specialised version of this, in which the Trustee is resident in a jurisdiction whose laws generally do not place any taxation requirements on the assets of Trusts established according to the laws of the jurisdiction. This requirement applies not only to the assets themselves, but also to growth in the assets, profits arising from the assets, and inheritance. It is important, therefore, for an offshore Trust to be established in such a jurisdiction, as any advantages to be gained through taxation, or rather lack of taxation, can only be achieved if this is the case. Furthermore, it is only worthwhile if the Settlor is resident in a jurisdiction where the taxes and duties mentioned above are very high.