What is a Foreign Asset Protection Trust?

Frequently Asked Questions

		What is a Trust?

		What is the purpose of an Asset Protection Trust?

		Do we want a Foreign or Domestic Trust?

		What is a Domestic Asset Protection Trust?

		What is a Foreign Asset Protection Trust?

		Are my life long accumulated assets susceptible to creditor attack?

		How does an Asset Protection Trust operate?

		Who manages or administers the trust and the trust funds?

		Does an Asset Protection Plan make sense for me?

What is a Foreign Asset Protection Trust?
Foreign or offshore asset protection trusts are carefully designed trusts formed under the laws of an offshore jurisdiction to take advantage of specific provisions of the local statutes. Typically these provisions offer the trust, Settlor and Trustee a significantly higher level of flexibility, control, or privacy than a comparable domestic entity. The Cook Islands, Belize, and Nevis are very favorable jurisdictions for foreign trust legislation.

Do you want to go offshore?
There has been a lot of publicity about Offshore Corporations and Foreign Asset Protection Trusts. We've put together a basic overview to help you decide if it may be the right move for you.

Asset Protection Planning

Whether your net worth places you in the wealthy, or simply comfortable categories, the fact is that you own valuable property that you want to keep. For that reason, it is well worth your time to meet with a qualified attorney to discuss protecting your assets.

Not surprisingly, since everyone has different assets, there is no panacea, no "one size fits all" protection plan that will adequately safeguard your property from creditors.