Unfortunately, kidnapping for ransom incidents have been on the rise, globally. The kidnapping of foreign travelers is prevalent in places where there is extreme poverty and in places where there is a prevalence of guerrilla and drug cartel activities. It can be a very profitable business for the perpetrators. Kidnappings for ransom continue to be a concern for foreigners traveling overseas for business. According to Risk & Insurance magazine, the […]
Continue readingCategory Archives: Updates
5 Estate Planning Tips for Widows
Facing life without your husband can at times create new challenges which can lead to anxiety, stress, and fear, especially when it comes to making long-term decisions. Overnight, decisions that were once made jointly become a task you must face on your own. While it’s important for most people to have an estate plan, for a widowed wife, it becomes even more critical. A time to start paying attention to […]
Continue readingWhy Business Owners are Targets of Lawsuits
Excessive litigation in the U.S. has created significant costs for business owners, workers, and consumers as well as the overall economy. According to the National Federation of Independent Businesses (NFIB), frivolous lawsuits filed against business owners have created a climate of fear for small businesses in the U.S. While some claims have merit, the majority do not. Unfortunately, these types of lawsuits are a growing problem for all companies, but […]
Continue readingHow to Protect Business Assets when Employees Work from Home
As a result of the COVID-19 pandemic, many businesses found themselves making the transition to a working from home environment for the very first time. And, some businesses are considering closing offices for good, opting for employees to WFH (Work From Home) as a cost-saving measure. The problem with shifting to a remote work environment was that many businesses did not have the technical infrastructure in place essential to supporting […]
Continue readingThe Future of Wealth is Female
Women comprise half of the population, but were not historically treated as a financial force to be reckoned with until recently. The rising economic power of women is considered to be one of the most significant economic shifts to occur over the past several decades. Women control over half of the personal wealth in the U.S. totaling $14 trillion. And, wealth experts estimate that, by 2030, women will likely be […]
Continue readingShould You Consider Life Insurance for Estate Planning
Life insurance can be an important part of your overall financial strategy. One of the most common uses of life insurance benefits is to pay for final expenses after your death, including funeral or cremation costs, medical bills not covered by your health insurance, and other unpaid obligations you may leave behind. Life insurance can provide income replacement for your family if you die early. However, life insurance is a […]
Continue readingHow to get money from your offshore account
The purpose of an offshore trust is to protect your assets from creditors and lawsuits. Making use of an offshore asset protection trust is like putting your money in a lockbox where it’s going to stay secure and protected. Your trust is not like a bank account, so you should not be withdrawing funds whenever you feel like it. However, if you require assets at some point, there are ways […]
Continue readingHow Much does International Protection Cost?
Using offshore accounts is a great option for asset protection. When managed properly, international asset protection provides several advantages: Confidentiality Diversification Protection from creditors and legal actions Increased yields Tax benefits While international asset protection is a legal method of protecting your assets from being lost as a result of lawsuits, account freezes, or the lack of security with domestic accounts, it needs to be managed within legal limits. Therefore, […]
Continue readingWhat are the Tax Benefits of an Offshore Trust in the Cayman Islands?
The Cayman Islands is an autonomous British Overseas Territory consisting of three islands located to the south of Cuba. The main island, Grand Cayman, has long been recognized as an offshore tax-free jurisdiction. As one of the most popular tax haven countries in the world, it has been a desirable place to conduct business in for many years. Although Cayman law has been derived from English common law, this jurisdiction […]
Continue readingWhat You Need to Know about Tax Planning with an Offshore Trust
Unlike a domestic trust, an offshore trust offers you full asset protection because your assets are no longer physically tied to the United States. Therefore, they are no longer under the legal jurisdiction of the United State court system. This is why your assets are protected from unexpected lawsuits and creditors. Properly implemented offshore trusts are tax-neutral. In other words, the jurisdiction where the trust is established should not impose […]
Continue reading