Often thought to be only available to the ultra-rich, offshore asset protection is a powerful and efficient asset protection mechanism.  One of the most important things to consider when setting up an offshore trust is using the most favorable jurisdiction.  Generally, an offshore asset protection plan combines an offshore trust, offshore limited liability entities or funds, as well as bank accounts all located in different jurisdictions. While the specific needs of each client dictate the preferred jurisdiction, some of the common offshore locations include:  Switzerland, British Virgin Islands, New Zealand, Cayman Islands, Barbados, Bermuda, Cyprus, Luxembourg, Belize, Nevis, St. Kitts, Panama, and Cook Islands.

An offshore asset protection is an effective method for protecting assets from potential creditors, lawsuits, and seizures. For example, a plaintiff would need to hire foreign counsel, pay a bond with the court, as well as face a legal system that is generally not sympathetic to plaintiffs in order to attempt to go after your offshore assets. And even in an overzealous plaintiff is able to serve the trustee,  the person or institution serving as trustee can be changed as needed.

Additionally, an offshore asset structure can assist you in making sure that your estate is well managed and passed on to the right people after your passing.  Likewise, executive succession planning for your business can protect your legacy while ensuring business continuity.  For more information, please feel free to contact us at your convenience.

Thank you in advance for your consideration. We look forward to addressing your legal needs in the near future

*Please note that we are not accepting any new court-related matters at this time.