What is Offshore Planning?
When a client moves their assets offshore the asset protection laws of the offshore jurisdiction govern. These jurisdictions have asset protection features built into their laws and they may offer more protection than a domestic trust. Offshore planning discourages a plaintiff from suing you in the first place by forcing them to litigate offshore. In general, offshore planning, more specifically an offshore trust, is more expensive to set up and maintain than a domestic trust but it can make it very difficult and sometimes impossible for a plaintiff to reach your assets. The most common offshore planning jurisdictions are the Cook Islands, Nevis and Saint Vincent.
