800-223-4291

LAW OFFICE OF

ROBERT J. MINTZ

Exclusive Legal Representation For Your
Asset Protection Planning Needs

Asset Protection

Estate Planning

International Tax

Business Planning

LAW OFFICE OF

ROBERT J. MINTZ

Exclusive Legal Representation For Your
Asset Protection Plannings Needs

 Asset Protection

Estate Planning

   International Tax

    Business Planning

Features of Asset Protection Trust

In many ways an Offshore Trust looks like a standard domestic trust. The settlor is the person who transfers the assets to the trust. The trustee is generally a trust company, whose business is operated outside of the United States. The arrangement differs from Privacy Trust-Plan #1 and Privacy Trust-Plan #2 because, in this case, the trust company is located in a foreign country-outside the jurisdiction of U.S. courts. The Offshore Trust takes advantage of favorable asset protection and privacy laws which exist in other parts of the world.

In a typical trust, the trustees are given discretion to accumulate or distribute income among a specified class of beneficiaries. The settlor may be one of the named beneficiaries, together with his spouse, children, or grandchildren. One unique feature of this kind of a trust is the role of the Protector. The Protector is a person, designated by the settlor, whose consent is necessary for certain activity by the trustees. The term of the trust may be limited to a period of years, or it may continue after the settlor’s death.

 
 
 

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