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Please spam me with offers on where I can open a trust. I prefer offshore as well as inside US and/or EU.
I need a trust that the banks will accept as a legal entity with a regulated body behind it. Does anyone know of such? And what about Foundations, are those useful in the same way? |
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Hi, Is it a "Trust company" or a "Trust" for yourself?
A trust is basically an agreement in writing as to how your assets are going to be managed. Whether established in an offshore jurisdiction or not, the majority of assets protected by the given trust for a U.S. citizen can remain in the U.S. These assets remain under the indirect control of the Settlor (the person establishing the trust) as well. Depending on the circumstances, quite a few U.S. asset protection specialists favor structuring offshore or foreign trusts so that they are taxed as domestic grantor trusts. If the trust is properly created, any creditor will be unable to reach or claim the assets held within the trust. If the offshore asset protection trust has been structured as an irrevocable trust for a specified term, at terms’ end, provided there is no current or ongoing threat, the assets can be returned to the settlor’s control and direct ‘ownership’. Foundations: depending on the purspose, they are useful but they cannot conduct business. If you are thinking about Asset protection and you are a US citizen, there are things that you need to consider. Consultants advertise that an offshore Foundation is exempt from tax under and that the U.S. does not have jurisdiction to the tax of the offshore Foundation. While that's true, remember that the U.S. Government does have legal jurisdiction over its citizens and other "persons" (such as partnerships, trusts and corporations) as defined in the U.S. tax law. The tax will depend on whether it is treated as a trust or a corporation, but the end result is the same. Offshore foundations are easy to setup (spam) and you can even buy a pre registered ones just like IBCs. The Panama foundation is a much better tool than the offshore TRUST since it is a hybrid between the corporation and the trust, and the founder can remain in total control of the foundations assets in anonymity, no needing to transfer the property of the assets to a trustee. A Private Foundation has to be registered, but the only information that goes Public is the name of the foundation council members and the name of the founder (which can be nominees ). |
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Please ask me questions via the email address found at the bottom of most pages of my web site. I do not reveal proprietary information on a public forum. high yield investments beat hyips so you need offshore company formation - FREE accounts - discount offshore LLC . You can get FREE offshore banking introduction service . Easily get dual citizenship and learn how to get a second passport. |
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