Offshore Trusts provide several benefits, offering privacy and protection of assets to beneficiaries. While the use of offshore Trusts is perfectly legal, for many, mystery and misinformation surround them which can be heightened when stories break in the media in which offshore Trusts make up part of a negative story. The most recent example is
James Turner, Director at Turner Little and an expert in offshore companies and Trusts, believes the UK’s regulation is driving high net worth individuals to leave the UK in a max exodus. The UK Government and HM Revenue and Customs are failing individuals when it comes to their right to privacy, family life and their
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