In the past, offshore banking has hit the headlines for negative reasons including tax evasion and money laundering. However, if you play by the rules, offshore banking is a secure and perfectly legitimate way to manage your money well. The other main misconception surrounding offshore banking is that it’s only accessible for the super-rich. But
Despite its misconceptions, the popularity of offshore banking is growing. Not only is it a perfectly legal way of holding your money, but with the right professional advice, it is also reassuringly simple to open an account. This ease-of-use is prompting many offshore banks to change their offering to compete and make overseas banking even
Contrary to popular belief, offshore banking isn’t just for the super-rich, nor is it illegal. In reality, and with professional advice, the average person can open a perfectly legal offshore bank account within a matter of hours – ideal for busy, on-the-go millennials. For the generation facing increasing financial challenges, it is more important than
Setting aside all your wealth in one location can bring risks, from currency depreciation to other emerging threats. Its why many people choose to diversify their assets through offshore investing. Spreading your wealth across multiple jurisdictions can reduce financial vulnerability and lessen your chances of getting caught up in a potential economic collapse. And while
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.
Having a financial plan in place for your future is smart. Succession planning and asset preservation are particularly important if you want to pass your wealth onto your children in later life. Many people opt for a trust fund: a legal arrangement where you give your assets to someone who can look after them for
Making money is one thing, but protecting it is another – this is particularly true if you want to pass your assets onto your children. Any reputable bank, solicitor or lawyer will tell you that individuals who have amassed some form of wealth need to protect their assets, especially those with a high net worth.
Establishing a trust or a foundation is a useful way to manage your wealth, protect your assets and take control of your succession planning. However, they often come with an element of confusion, leading to the same questions being asked. So, what is a trust? And how does it differ from a foundation? What are
Any parent will tell you that the moment you hold your little one in your arms, your priorities change. Having a baby is one of life’s most beautiful and joyous occasions, but it is also one of the most life-changing events with a substantial price-tag attached. Research shows that your little bundle of joy will
The stock market is beginning to show signs of life as measures introduced to help businesses amid the pandemic begin to take hold, but much is still uncertain. There’s no doubt that the pandemic has affected most people’s finances. From the Bank of England’s decision to reduce its rates, to the potential loss of earnings
