How Do You Set Up An Offshore Trust?
Offshore trusts are popular with people looking to invest money without being liable for penalties and fees when the trusts are paid out. Virtually all assets, from real estate to stocks, can be held in an offshore trust. While you may not be in complete control of your money while it is in an offshore trust, the return on the investment has the potential to be more substantial than if you invested in traditional domestic avenues. Assess your financial situation to see if you can afford to set up an offshore trust. These trusts are expensive not only to invest in but also to manage and maintain. Fees are more manageable for people who put extremely large amounts of money or assets into offshore trusts. Find an attorney who specializes in estate planning and offshore trusts. He should be familiar with all areas of domestic and international law surrounding these types of accounts, including how to avoid capital gains and inheritance taxes legally. Select the place you wish to set up an
