2. What’s a Offshore Trust? An offshore trust is simply a conventional trust that is formed under the laws of an offshore jurisdiction. Foreign trusts have been a popular tax planning tool all over the world for many years. A lot of people from United States, Canada and Europe establish them in particular in the Caribbean area and in Liechtenstein and Gibraltar, but in recent years it has become quite popular to establish trusts also in the Pacific-Asian regions (Cook Islands, Samoa, Marshall Islands) or in other jurisdictions. http://www.slogold.net/trusts.html
3. Why do I need an Offshore Trust? Their popularity is based on the fact that assets of a certain type (real property, bank account, ships, aircraft, shares, yields, ownership interests in companies, family assets, etc.) can be transferred to a foreign trust without a taxation obligation, whereby it is possible to achieve tax savings and maximum protection of the assets. In certain cases, when the assets are burdened by a tax obligation, the transfer to a trust of the assets may be subject to a lower taxation rate than the direct sale of the assets. At present it is Asset Protection Trusts that are founded most often. This type of trust is followed by Charitable Trusts serving for public benefit purposes, which are also founded quite often. http://www.slogold.net/trusts.html
4. Popular Offshore Trust Places Nevis International Exempt Trust Cook Island asset protection Trust Dominica Trust exemptinsurance Belize off-shore trust The Trust Ordinance includes special provisions tailored to make Nevis a preferred jurisdiction for the establishment of "Asset Protection Trusts". Dominica´s trusts are created for various reasons. Among them: the minimization or deferral of tax liability, the simplification of legal formalities relating to asset distribution on death, the protection of assets, the protection of confidentiality on transfer of assets, and the severance of legal ownership from assets whilst retaining the benefits. Trusts created in the Commonwealth of Dominica can take advantage of the territory's innovative legislation. Over the past 15 years the Cook Islands has become the foremost jurisdiction for establishing off-shore trusts and is now recognized as the world leader in formation of asset protections trust, safeguarding the assets of high net worth clients. Cook Islands law contains a number of unique features that make the operation of an asset protection trust administratively friendly and highly protective. In addition, it deals with a number of current issues in trust law giving the Cook Islands considerable advantage over other off-shore jurisdictions in general off-shore trust work. The Trust Ordinance includes special provisions tailored to make Nevis a preferred jurisdiction for the establishment of "Asset Protection Trusts". Although all trusts generally provide protection against claims of third parties there has developed in many of the industrialised economies, particularly in the United States, a strong demand for "Asset Protection Trusts"'s as a direct result of increased frivolous litigation and the prohibitive costs of obtaining indemnity insurance by many professional and business people who may be exposed to lawsuits. Belize is one of the few if not only country that has immediate protection against proceedings for fraudulent conveyances. There is no period of time that a Trust must be established for before it cannot be attacked. Such protection is immediate and while it can be set aside for duress, fraud, mistake, undue influence, misrepresentation or incapacity of the settlor it cannot be set aside even if made for the avoidance of creditors, spouse claims or other such matters. http://www.slogold.net/trusts.html
