Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Rather than set up an anonymous trust, why can I simply own assets abroad and just inform no-one?

April 26, 2017abroad anonymous assets inform no-one Trust

0

Posted

Rather than set up an anonymous trust, why can I simply own assets abroad and just inform no-one?

1 Answer

0

Posted

-You can. However, you are then responsible to the authorities for any failure to declare these assets to them and you may leave administrative problems for your heirs after your death.