How Do You Establish An Offshore Trust?
An offshore trust is a trust established under the laws of a country having more favorable asset protection and privacy laws than in the United States. This article provides the steps to be taken in considering whether an offshore trust is right for you. Understanding the Asset Protection Advantages of Offshore Trusts Offshore asset protection trusts can provide a very advantageous structure for individuals seeking to implement asset protection planning. In addition to the protective aspects of the legislation enacted by many foreign jurisdictions, the offshore trust, if properly structured, creates a scenario where a creditor seeking to reach the assets of the trust may have limited recourse unless they are prepared to litigate the matter in the offshore jurisdiction. Many offshore jurisdictions will not recognize U.S. judgments and have civil procedure systems that impose greater entry barriers and risks to plaintiffs than are found in the United States. For example, many offshore ju
