Isnt it illegal to move assets offshore?
No. But first be reminded that we attempt to not move the assets themselves, but merely the ownership over the assets. Again, this comes down to importing foreign law under U.S. regulation and not exporting assets. To the basics of your question, we live in a world without borders. Many of the leading Fortune 500 multinational companies and most of the worlds wealthy families use International Planning as part of their overall estate planning. They use foreign jurisdictions around the world for various aspects of their planning. They provide themselves with the opportunity to take advantage of laws that can benefit their needs. Among them are Dow Chemical, Merrill Lynch, American Express, General Motors, Disney and CNN, just to name a few.
