“Lifetime” in a trust signifies that the arrangement is considered a loan until it is forgiven.

A loan must have a start date to become effective and an end date for settlement. Under British law, the longest contract permissible is 99 years, which is often referred to as a ‘lifetime’ in this context. Therefore, we issue a 99-year loan on favourable terms, aligning with the maximum allowable duration.”

Since loans are not taxable, this structure offers certain advantages. This is why our documentation clearly states that GovCorp cannot interfere in the process.