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OAPTs are trusts settled and structured under the laws of offshore jurisdictions. A trust is an instrument where title to property is broken into two parts, legal and beneficial title. The trustee receives the legal title and the person or persons who are to benefit from the trust receive the beneficial title. An OAPT, put simply, is a legal arrangement that enables you to hold your assets in trust -- off shore -- for the benefit of yourself, your spouse, your children or others. An OAPT takes shape in the form of a grantor trust. The assets can remain in the United States, the title to those assets, however, is held offshore. In most instances, once settled, the trust is irrevocable. However, the length of the trust can be as short as 10 years, and upon the expiration of the tenth year, the assets revert back to the settlor. The settlor can remain a beneficiary by himself (e.g., a self-settled trust) or along with others (e.g., members of his family). How the OAPT works is that the ...
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This (OAPT) is a specific type of trust established in an offshore haven that has strict laws that protect the trust assets from lawsuits and creditors. It provides and enforces total secrecy and protection with regard to trust assets. Asset Protection Trusts protect assets, including inheritances, from any claims including bankruptcy, divorce, and even from the IRS! Asset Protection Trusts are ideal for people concerned with protecting their assets from lawsuits and creditors and they are excellent structures for International Investing. We have a number of options available utilizing various jurisdictions and entities to accomplish the same goals with less complexity and cost to you.
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It is a specific type of trust established in an offshore jurisdiction that has strict laws that protect the trust assets from lawsuits and creditors. It provides and enforces total secrecy and protection with regard to trust assets. Asset Protection Trusts protect assets, including inheritances, from any claims including bankruptcy, divorce, etc. Asset Protection Trusts are ideal for people concerned with protecting their assets from lawsuits and creditors and they are excellent structures for International Investing.
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What is an Offshore Asset Protection Trust?
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