Offshore Trust

The use of an Offshore Trust for asset protection and estate planning dates back several centuries. Trusts have become a seriously effective means of minimizing taxes, protecting assets and passing wealth along to heirs in private and without devastating tax consequences.

With recent developments in the offshore world where more jurisdictions have adopted effective laws, the offshore Trust has become an instrument available to people of lesser means. for nominal costs, minimal formalities and on short notice, a Trust can quickly come into being.

We invite you to consider the Trust as an important part of your personal and corporate financial planning, either alone or in conjunction with an IBC (International Business Company), where the Trust is the shareholder of the IBC. This makes the beneficial owner of the company virtually bulletproof.

In general, a trust involves the following:

• A Settlor or Grantor: The person, company or other entity placing property into a trust.
• A Trustee: The individual, company, another trust or their entity who receives the property to be manages for the benefit of those individuals, companies, trusts, or other entities names as beneficiaries.
• The Beneficiary or Beneficiaries: The individual(s), company or companies, trust(s) or other entities named to benefit from the trust property.
• The Trust Document, The Deed or Declaration of Trust is the written instrument which details the duties of the Trustee, names the beneficiaries and lists the property in the Trust Corpus or body of assets.

In litigious countries such as the United States, it has become common practice for individuals to seek Offshore Trusts for protection against:

• Malpractice claims, in the case of medical doctors and other professionals
• Product Liability
• Creditors, either Business or Personal
• Court Judgments
• Problematic Divorces