What are the 4 Most Important Offshore Trust Myths?

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Excerpts from this video on Offshore Trusts:

We're going to talk today about offshore trusts. First let's define what an offshore trust is. We call them OAPT's (offshore asset protection trusts) for short. An offshore trust is a trust where...

With an offshore trust normally what happens is you the grantor create an offshore trust, put the assets into the trust, and give them to the trustee. You also serve as a beneficiary of the offshore trust. When you're...

In most U.S. States the laws do not allow...

So we prefer to form trusts offshore where the trustee is completely outside of US jurisdiction. Know that offshore asset protection trusts are tax neutral so you get no tax benefits or disadvantages from forming your trust offshore...

Let's talk about the best offshore asset protection trust jurisdictions...

There are some other jurisdictions like Panama, Belize, Western Samoa, the Cayman Islands, and New Zealand. The track records aren't...

Some jurisdictions have what's called "pacific islander" syndrome, which means...

My experience has been that most trust companies in Cook Islands are very westernized and have very good service and infrastructure. Nevis is also great but the Cook Islands are in my opinion and in my experience the best jurisdiction in which to have your offshore trust formed.

Let's talk about what not to do with your offshore trust. We'll cover two cases..

DO NOT retain that control of the trust by being a co-trustee or retaining any power to repatriate assets. The one exception to this rule is...

Now let's consider a good case: U.S. v Arline Grant. In this case, the U.S. government was trying to reach offshore trust assets to satisfy $36 million in back taxes...

Hope this videos info helps!

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