Asset Protection Counseling and Set Up through Offshore Trusts, Companies and Foundations
At Offshore Affairs we provide Asset Protection Related Services, including, but not limited to, Trusts set up and Offshore Company Formation for asset protection, Asset Protection Strategy and Counseling, and more.
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Asset Protection is a wealth preservation legal strategy whereby your assets are out of the reach of lawsuits, creditors, divorce settlements, unnecessary taxation, risk management, and even mismanagement post-mortem of your assets.
When we do an asset protection strategy, we accomplish several benefits, these include, but are not limited to:
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Limited Liability
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Tax Avoidance and Tax Savings.
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We avoid your assets being seized or confiscated.
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Ensure the right management of your generational wealth and assets management post-mortem.​
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What we consider when picking the asset protection vehicle and its jurisdiction:
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Limited Liability
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Stablished in foreign jurisdiction.
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No Charging Orders
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No recognition of foreign judgments.
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Bond deposit to bring a lawsuit.
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Ownership by a separate entity.
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foreign judgments not recognized
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Fraudulent or Illegal Conveyance of Assets Period
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Full tax exempt
Asset Protection Using Offshore Trusts
Offshore trusts are typically governed by the laws of the jurisdiction in which they are established. Many offshore jurisdictions, such as the Cook Islands or Nevis, have robust asset protection laws that make it difficult for creditors to access trust assets. For instance:
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Fraudulent Transfer Laws: These jurisdictions often have short statutes of limitations for creditors to challenge the transfer of assets into the trust, being this period 1 to 2 years.
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No recognition of foreign judgments: When you form a Trust in an offshore jurisdiction, a ruling from a Judge from any jurisdiction, is not recognized in this Offshore Jurisdiction. This mean, that a Creditor would have to
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Bond Requirement to start a lawsuit: in addition to having the requirement to start a lawsuit in the jurisdiction as foreign judgments are not recognized, the Creditor must post a bond in case the Creditor loses the claim.
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High Burden of Proof: Creditors must prove their claims under stringent legal standards, often requiring evidence of intent to defraud at the time of transfer.
Legality and Legitimacy of owning an offshore trust
Having your assets in an Offshore Trust is totally legal and and legitimate way to protect your assets from financial risks, even if this trust is formed in jurisdictions like the Cook Islands or Nevis. the only way a crime can be committed is if you don’t report this ownership to
Asset Protection Counseling
In an unpredictable world, protecting your wealth from frivolous lawsuits, marital disputes, and other financial threats is essential, just as making sure the wealth you create during your lifetime is well managed and protected after your passing.
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Nonetheless, setting up your Asset Protection strategy yourself as a DIY project can be costly if not made correctly, as without experienced guidance, mistakes such as inadvertently establishing a grantor trust, or misinterpreting illegal conveyance of assets law, can leave your assets vulnerable to creditors or undesired tax liabilities.
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We, at Offshore Affairs, provide you expert guidance on how to set up an Asset Protection Trust, and ​we also assist you in setting up this Trust, taking care of the whole formation process.
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We also advice you on the best jurisdiction for your specific needs.
Offshore Asset Protecion Counseling
If you need counseling in regards to the content on this page, and also about Offshore Companies Formation, International Tax Counseling, Offshore Bank Accounts, Asset Protection, and much more, you can hire our Counseling Services.
Our counseling rate goes from US$200 to US$300 per hour.
Founder & CEO