Offshore Trusts

Generally offshore trusts are similar in nature and effect to their onshore counterparts; they involve a settlor transferring (or settling) assets (the trust property) on the trustees to manage for the benefit of a person or class or persons. There are many methods in which to protect your assets using an offshore structure, in the form of an investment product, an IBC (International Business Company) or a offshore trust, or even a simple offshore bank account. You may be interested in sheltering any or all of your assets in your own individual offshore trust with complete confidentiality and anonymity (free of all regulations). An Offshore Trust is a special form of irrevocable trust, usually created (settled) offshore for the principal purposes of preserving and protecting wealth. The perception is that offshore trusts are predominantly used by wealthy individuals is not entirely correct.