The first step in the APIIP application is to provide
your name and the names of those individuals or organizations
you wish to designate as corporate shareholders or trust
IFG Trust recommends that you name at least one shareholder/beneficiary
apart from yourself or at least two shareholders/beneficiaries
overall if you are establishing only a corporation or a
trust. This will ensure that someone of your choice
will benefit from your assets should something happen
Equally important, multiple beneficiaries are crucial
for maintaining the integrity of your discretionary
trust. If you are the sole beneficiary, your asset protection
plan will be compromised, as potential claimants may
challenge the validity of the trust. Remember, the goal
of an offshore trust is to place a layer of protection
between potential claimants and your assets.
Type of Application: Corporation, Trust or both?
At this step you will also be asked to indicate the
type of application you are making. Once you have made
your selection, click on "Preview my APIIP"
to move to step 2.