[***Royal Fidelity Merchant Bank & Trust Limited***](http://www.royalfidelity.com/bahamas/contact.html) has added [**Foundations**](http://www.bfsb-bahamas.com/guides/pdf/096625300.pdf) incorporation and administration to their Trust and Estate Planning portfolio.
A Foundation is a relatively new estate planning vehicle to The Bahamas that combines all the advantages of an IBC with those of a trust and adds an enhanced level of flexibility. Michael Anderson, President of Royal Fidelity, said Foundations were a welcome addition to the market as they allow a much wider cross section of the Bahamian public to more effectively plan for their succession. *“Because a Foundation can be started with as little as $10,000 in either cash or property, far more people will now be able to use this confidential, flexible and cost effective solution for a secure succession plan for their family assets.”*
*Photo shows L to R: Ingrid Saunders Manager, Royal Fidelity Trusts Dept; Michael Anderson, President Royal Fidelity Merchant Bank & Trust; attorney Lucia Broughton, Partner Broughton Cartwright, who addressed attendees at a recent Royal Fidelity Foundation Seminar.*