Tag Archives: offshore asset protection trust

What Is A Spendthrift Trust?

What is a spendthrift trust? It is a trust that includes what’s called a spendthrift provision. You can for the most part use any kind of trust, and make it a spendthrift trust by including a special clause that is added to the trust document. What a spendthrift provision does, is to prevent the creditors of any beneficiary from reaching…

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How To Find The Best Trust Companies

Finding a trust company is an essential part of setting up a trust. But it’s first of all important to understand where this component fits in the whole picture. Whenever a trust is created, there are usually several different people involved. What a trust company does, is being responsible to finalize the trust. In certain circumstances, depending…

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What Is An Irrevocable Trust? – Advanced Offshore Asset Protection

As you might already know, there are different kinds of trusts that can be used to protect your assets. One of these alternatives is the irrevocable trust. What is an irrevocable trust? Unlike a revocable trust, which allows for the trust document to be amended, an irrevocable trust on the other hand works in the opposite…

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What Is A Revocable Trust? – Advanced Offshore Asset Protection

  It’s known as a trust for a reason. You may want to protect your assets, gain some kind of tax advantage or pass on inheritance in a smooth way. Before setting up a trust, you need to decide the amount of control you want, which determines the kind of trust you need. What is a revocable…

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What Is A Discretionary Trust? – Advantages And Disadvantages

If you don’t already know how a trust works, take a look at a previous article, which explains what an asset protection trust is. Having a discretionary trust means, that beneficiaries don’t have any fixed entitlement to the trust fund. The trustee has discretion on how assets are distributed to beneficiaries, based on the instructions…

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Already Have A Trust? How To Upgrade Your Asset Protection

The best way to protect assets today, is by using a trust structure. There’s no better situation to be in, than if you already have formed a trust. But the overall quality of protection all comes down to how everything was actually formulated, the drafting of the trust document, and how the setup works as a whole.…

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Asset Protection For Cash – How To Protect Any Currency

  The asset protection strategy that is best for you, depends on what you want to protect. There are two different types of assets: movable and immovable. Examples of immovable assets includes pretty much any kind of real estate, land, natural resources etc. The problem with assets that cannot be moved, is that they will…

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Offshore Asset Protection Or Insurance?

The way most people protect their assets, is by using insurance. It is recommended to have some kind of insurance in place, especially to pay for your legal defense during a lawsuit. But your policy does have exclusions, under certain circumstances you don’t have any coverage. It can feel comfortable to believe, and convince yourself that…

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Offshore Asset Protection Trust Taxation – The Importance Of Tax Planning

Whenever the word ‘offshore’ is mentioned, a lot of people immediately start to think about grand schemes designed to hide away money, and evade taxes. That is of course something you can’t do, I would never recommend it. The main reason a lot of the public associate the offshore industry with those practices, is because of a…

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Best Offshore Trust Jurisdictions

When it comes to finding the best offshore trust jurisdictions, and choosing one to use for your trust, it really depends on your situation. And also you need to take into consideration the strategy you are going to use. For example if you are in a divorce, you might choose to set up your trust in…

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