 |
APIIP provides a basic offshore structure designed
to give each client the very best in asset protection,
international investment options, and financial secrecy.
Through APIIP, IFG Trust, and its affiliations, clients can conduct online
banking, investment, insurance, trust and corporate
business all in a highly secure and confidential environment.
We present to you below three basic offshore
structures for your consideration and review so that you
can better understand what offshore strategy is.

The basic APIIP structure establishes a trust, which
owns a 100% of the shares in an offshore International
Business Corporation. The corporation, in turn, holds
bank accounts, conducts investment activities and buys
real estate and other property under the direction and
supervision of the corporation's officers and directors.
The client may be a beneficiary of the trust, as well as
manager of the corporation. The Offshore financial
structure can incorporate numerous offshore
jurisdictions, each with strict secrecy legislation.
In this scenario, the client can maintain reasonable control
over the corporate assets as a manager of the company.
As a beneficiary to the trust, the client may receive distributions
from the trust property, or income derived from the
trust property, in the future. The beneficiaries of
the trust, which may include the client, are protected
by the protector's powers to ensure the terms of the
trust are adhered to by the trustee and by the fact that
the client may also be the managers of the corporate
assets.
Remember, the effectiveness of an asset protection trust
is contingent on that trust being maintained as discretionary,
with the trustee having the ultimate final word with
regard to the investment and maintenance of the trust property itself
and the size, timing and destination of any future distributions
made. Otherwise, the trust property may be declared
as functionally in the control of the client and/or
beneficiaries, and therefore set aside. If this occurs
the properties of the trust may be accessible to third party
claimants and may also cause serious negative tax consequences.
Thus, the client should name multiple beneficiaries
for the trust (giving wide discretion to the trustee)
and IFG Trust will ensure that its trustees administers the trust in accordance with the terms of
trust as established by the settlor.

In this scenario, the offshore corporation holds bank
accounts, conducts investment activities and buys real
estate and other property under the direction of the
corporation's officers and directors which may be the
client. This scenario has the Client as a corporate
shareholder, as well as manager of the corporation. To
enhance privacy, IFG Trust may act as a nominee
shareholder.

In this scenario, the offshore trust holds bank accounts,
conducts investment activities and buys real estate
and other property under the supervision of the Trustee.
The trust can be established with a third-party settlor
and protector to enhance privacy and security. The
client is a beneficiary of the trust.
Access to your Assets
As manager of the International Business Company, the
client may have access to a corporate credit or debit
card which can be used to pay for company related
expenses.
In addition the client may receive salary as an
employee, director fees as a director, and dividends if
he or she decides to be a shareholder of the
International Business Company. The company can also
send the client money. In essence the client can receive
funds from the International Business Company just as he
or she would from a domestic corporation.
As a beneficiary to the trust, the client may also stand to benefit from
future income and capital distributions of the trust property
that are derived from the trust property and the income
earned by the trust property.
|