Offshore Trust Jurisdictions

When it comes to offshore benefits, namely trusts and companies, there are a few jurisdictions that immediately rise to the top for a variety of reasons. These are Cook Islands, Nevis, Isle of Man and Belize. The laws in these jurisdictions can provide an unsurpassed layer of protection between your assets and a creditor or local judge. These jurisdictions have strong privacy laws that favor trust beneficiaries, and when legal structures are integrated with offshore bank accounts and companies, your assets are protected against seizure. Many attorneys will claim that in order to be 99.9% judgment proof, an offshore trust is a key element to your protection plan. This all starts with the right jurisdictions.

It is also prudent to consider a combined offshore and domestic plan. This is where your domestic assets, both safe and high risk, are owned by domestic Limited Partnerships (when owned by family members, these are often termed "Family Limited Partnerships") where the general partner is an offshore company. An offshore trust can also provide all the benefits of a domestic living trust that can own your domestic LLC, which in turn, owns your business, or real estate investments. Your Cook Islands trust owns a Nevis LLC that, in turn owns an offshore bank and brokerage account in Switzerland, for example. As you can see, the offshore trust an essential and quite possibly, most important, component of this asset protection plan and should be combined with an offshore company and bank account.

These are highly important matters that deal with your financial stability. The entities must be established correctly in order to provide the asset protection that you may require. It is essential that you seek experienced, professional guidance to learn about the many facets of going offshore. OffshoreCompany.com facilitates many asset protection plans each day, and is the world leader in offshore incorporating. Give us a call today so we can answer your questions and devise a plan for securing your financial future.