People hold offshore trusts for a variety of different reasons, from controlling and protecting your family assets to tax and estate planning. But what makes a trust ‘offshore’? And what should you know before settling one? We’ve put together a list of considerations to give you the confidence you need, to explore your options further.
Effectively passing on your assets to the next generation is a process that requires preparation. Successful high net worth estate planning involves multiple elements, from tax planning to the use of trusts and Wills, each needing to be carefully structured and integrated. “Offshore trusts are often considered essential in efficient tax and estate planning by