The timing in moving assets offshore can be critical.
To be completely unavailable to creditors in the future,
funds must be transferred before you are aware of potential
claims or possible bankruptcy.
Assets moved into a trust AFTER their original owner learns they are in danger
are not fully protected. This type of scenario may be
declared a "fraudulent transfer" of assets or a “sham
trust”. In these cases, claimants may be allowed access
to financial information surrounding the offshore vehicle
Of course, asset protection is one of a wide variety
of reasons an individual might consider going offshore.
In truth, any professional and any international company
is losing investment income, unnecessarily risking their
assets and probably paying too much tax by keeping their
financial affairs completely onshore.
Experts agree, if you have money to protect - now
is the time.