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, […]

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 […]

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 […]

An offshore trust might be the best method of protecting assets you’ve worked so hard to achieve. With the various economic and political issues which can create some financial instability both at home and abroad, protecting your wealth against U.S. tax laws, from creditors and legal judgments becomes of tantamount importance. Keeping your money in the United States in an onshore trust may not be the best vehicle when it […]