Ads
related to: offshore llc asset protection services security- Asset Protection Trusts
The Best Way To Diversify Your
Assets And Secure Financial Privacy
- Asset Protection Options
Asset Protection Trusts, Offshore
Banking, Incorporation, And More.
- Asset Protection
We'll Walk You Though Your Options
To Find The Best Custom Solution.
- Contact Us
Decades Of Experience Protecting
Millions Of Dollars For Clients.
- Asset Protection Trusts
Search results
Results From The WOW.Com Content Network
Asset protection planning requires a working knowledge of federal and state exemption laws, federal and state bankruptcy laws, federal and state tax laws, the comparative laws of many jurisdictions (onshore and offshore), choice of law principles, in addition to the laws of trusts, estates, corporations and business entities.
An offshore trust is a conventional trust that is formed under the laws of an offshore jurisdiction.. Generally offshore trusts are similar in nature and effect to their onshore counterparts; they involve a settlor transferring (or 'settling') assets (the 'trust property') on the trustees to manage for the benefit of a person, class or persons (the 'beneficiaries') or, occasionally, an ...
A number of offshore jurisdictions have enacted modern asset protection legislation based on the Cayman Island's Fraudulent Dispositions Law 1989 (the "FDL"). [4] The Cayman Islands FDL states "Every disposition of property made with an intention to defraud, and at undervalue, shall be voidable at the insistence of an eligible creditor thereby ...
IBCs are offshore companies that are most commonly used for international business such as trade and non-local services, offshore banking, investment, as a special purpose entity, as well as for asset protection. Offshore companies can be used for virtually any type of transactional activity (some requiring a special license) such as buying and ...
Offshore bank accounts are sometimes touted as the solution to every legal, financial, and asset protection strategy, but the benefits are often exaggerated as in the more prominent jurisdictions, the level of Know Your Customer evidence required underplayed. [citation needed]
Asset protection: Wealthy individuals who live in politically unstable countries utilise offshore companies to hold family wealth to avoid potential expropriation or exchange control restrictions in the country in which they live. These structures work best when the wealth is foreign-earned, or has been expatriated over a significant period of ...
Reasons which have been advanced against offshore investment include: They bypass security exchange legislation put into place after the Great Depression (e.g., the U.S. Securities Act of 1933 and the Securities Exchange Act of 1934) to stabilize the world's economies and establish a fair marketplace. This increases the risk that the financial ...
For example, most offshore carriers are prohibited to maintain a domestic sales force. Also, offshore carriers cannot engage in onshore marketing. The regulatory climate governing life insurance in certain offshore jurisdictions is also not as restrictive as may be found in the United States. Some of the better known jurisdictions to offer the ...
Ads
related to: offshore llc asset protection services security