Our third offshore building block would be to form a trust. The offshore trust is an umbrella over the corporation and the bank account. The trust's sole assets are the shares that it owns in the company and the company's sole asset is the bank account. Now, you also have two-way privacy and two-way secrecy. When the trust company looks down, it only sees the company and when the bankers look up, they also only see the company! Both the bank account and the trust are invisible to each other.
The next step would be to appoint a trustee to oversee and manage the trust in the even that you become disabled, die or are under any type of compulsion to turn over assets.
Wednesday, November 19, 2008
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