Luxury assets such as aircrafts, yachts, classic cars, and collectables often bring people an enormous amount of joy. These assets are typically accumulated over many years and can be passed down to family members, making them both a source of enjoyment and a legacy. For this reason, it makes sense to place them into an appropriate corporate structure. Doing so not only safeguards the assets at the time of acquisition, but also ensures that they are efficiently managed, protected from unnecessary risks, and seamlessly transferred to future generations in an orderly manner.

So, what are the advantages of putting assets into a Corporate Structure? There are many benefits of putting a structure in place, here are some of the advantages:

Limited Liability

• The corporate entity creates a legal separation between the owner’s personal assets and the corporate assets.
• If the asset (e.g., yacht, jet, real estate) is involved in an accident, dispute, or financial claim, liability is generally limited to the company’s assets, shielding the individual’s personal wealth.

Structured Ownership

• Multiple people can own shares in the company instead of directly owning the asset.
• Simplifies succession planning and inheritance by transferring shares rather than re-titling the underlying asset.
• Reduces disputes over control or usage rights.

Asset Management

• Centralises management of the asset under a company with formal governance (directors, managers etc).
• Expenses (maintenance, crew salaries, insurance, docking fees, etc.) can be consolidated and tracked through the company’s accounts.
• Professional management improves transparency and accountability.

Wealth Management

• Corporate structures are effective tools for estate planning and intergenerational wealth transfer.
• They enable use of trusts, holding companies, and family offices to optimise long-term ownership.
• Provides more privacy than direct personal ownership.

How can Boston Family Office Help?

At Boston, our luxury asset management services make the ownership and administration of assets simple and secure.  We work collaboratively with you and your advisors to design and implement a structure that is built around the needs and goals of the owner, being for asset preservation and succession planning.

We are a multi-jurisdictional fiduciary service provider with offices in the Isle of Man, Jersey, Malta and the UK that implement tailored governance solutions to clients. 

Should you wish you to discuss the topic in more detail or are interested to hear how Boston Multi Family Office can assist you, please contact us enquiries@bostonmfo.com.