|
The
use of a Trust for asset protection and estate
planning dates back
several centuries.
Trusts
have become a seriously effective
means of minimizing taxes, protecting assets and passing
wealth along
to heirs in private and without devastating tax consequences.
The
very wealthy have used the trust approach for many years. With recent
development
in the offshore world where more jurisdictions have adopted effective
laws,
the trust has become an instrument available to people of lesser means.
For nominal costs, minimal formalities and on short notice, a Trust can
quickly come into being. We invite you to consider the trust a part of
your personal and corporate financial planning, either alone or in
conjunction
with an IBC (International Business Company), where the Trust is the
shareholder
of the IBC. This makes the beneficial owner of the company virtually
bulletproof.
Some
Information About A Trust
In general,
a Trust involves:
-
A
Settlor or Grantor: The person, company
or other entity placing property into a trust.
- A
Trustee: The individual, company,
another trust or their entity who receives the property to be managed
for
the benefit of those individuals, companies, trusts, or other entities
named as Beneficiaries.
- The
Beneficiary or Beneficiaries: The
individual/s, company or companies, trust/s or other entities named to
benefit from the trust property.
- The Trust Document, The Deed or Declaration
of Trust is the written instrument which details the duties of the
Trustee,
names the Beneficiaries and lists the property in the Trust Corpus or
body
of assets.
For Asset Protection
In litigious
countries such as the United States, it has become common practice for
individuals to seek offshore trusts for protection against:
-
Malpractice
claims, in the case of Medical
Doctors and other professionals,
- Product
liability
- Creditors,
either Business or Personal
- Court
Judgments
- Problematic
divorces
Speed Where Speed Is Important
A
trust can be established in a few hours, literally. While it might take
longer to have property transferred into a trust, time can be a factor
as to the dating of the Deed. Generally, a Trust Deed is not registered
with any tax jurisdiction. There is no requirement for accounting
reports
to any agency.
The Advantages
of an Offshore
Trust
- Tax
savings, avoidance and deferral:
You can save, avoid and defer many taxes in many ways. You don't owe
tax
until you "repatriate" your assets, whether they be cash or the very
house
you're sitting in now. Any asset can be designated Trust Property. And
if the Trust is in another jurisdiction, chances are those assets can
earn
interest, or accrue whatever pertinent value without being subject to
domestic
taxes such as capital gains taxation.
- Safety:
Keeping assets offshore provides
a financial reserve should disaster strike at home, or in your domestic
financial life.
- Protection
Against Judgment: In a lawsuit-happy
world it's nice to have reserves that can't be "seized", "liened" or
"attached"
with the stroke of the Court's pen or the phone call of a tax authority.
- Confidentiality:
A private contract,
a legal agreement, and the business of no one but yours, the trustee's
and whomever else you think needs to know. The offshore Trustee is
required
to say nothing to external inquisitors.
- Ease
of Transfer of Interest to Heirs
or Others: Wills, living trusts, and domestic trusts invariably pay
taxes
- especially when assets are transferred.
- Earnings and a Faster Accumulation of
Wealth: Trusts can own companies, have bank
accounts, own portfolios, hold trading accounts and not pay
taxes.
Creation of a Trust
It is
important to be selective with the jurisdiction in which your offshore
Trust is based and Belize has some of the best legislation governing
Trusts.
A Belize Trust, does not require a Social Security number and has no
reporting
requirement whatsoever. You can keep your financial affairs in complete
confidentiality and your property safe from claims, judgments, or
bankruptcy
proceedings. U.S. taxes or taxes from any other country cannot be
imposed
upon earnings or assets of non-domestic, irrevocable discretionary
Belize
trusts.
The
Trust is one of the most flexible financial instruments and entities to
ever come about. We offer the establishment and management of these
offshore
trusts under the jurisdiction of Belize.
We provide
service on a personal basis while maintaining maximum confidentiality.
Total
cost to establish an Offshore Trust in Belize is US$ I,290 including a
choice of offshore banks we use.
Trust
Application form
|
Back
to home page
Offshore
Services Inc.
3201 Central American Blvd., Belize City, BELIZE
Offices
in Dominica, Belize, Barbados and The Bahamas.
Inquiries through US Office:
Phone 1-213 596 3680 Attn. Rodney Brewer email
me: ibcservices@email.com
|
Home
| offshore
account info | IBC
info
| Brokerage
account
| discount
hotel bookings |
Forex
trading
IPO site
| Contact Us
| Trust
Application form | Belize
IBC Application
|