Asset Protection Trust Services
A trust, especially when formed offshore, is a one of the strongest asset protection services available. It is legal tool that holds property and assets for a person or persons. Money, stocks and bonds, real estate, personal possessions, collections, automobiles and personal property are all types of assets that can be included. The strongest protection is afforded liquid assets in the trust that are held in an offshore account.
The asset protection trust service consists of several components: the grantor, beneficiaries, assets, and the trustee. The grantor is the one who creates the trust. The beneficiaries are the people who gain the assets from the trust. The assets are the property that is placed into the trust. The trustee administers the trust.
When a trust is created, ownership of all assets is then transferred to the trust. The trustee will provide protection for trust assets. The beneficiaries of the trust can be you, your children, spouse, relatives, friends, and/or charities.
Asset Protection Trust Service Benefits
Asset protection trust services have many advantages. Assets are protected and properly distributed to you or loved-ones. Provides asset protection by placing assets into the trust that is beyond the reach of US creditors. A trust can be structured so that it helps to provide estate planning and to avoid the expensive and lengthy probate process. Estate taxes can also be minimized.