Should You Set Up Your Own Offshore Trust?

We get a lot of inquiries about offshore trusts. More often than not, we end up talking someone out of setting one up rather than recommending it.

It would, of course, be a lot easier to just go with the flow. It would certainly earn us more fees. But that wouldn’t be ethical or moral. Even if it seems to be the opposite of the industry’s modus operandi.

Two Times When an Offshore Trust Can Make Sense

Specifically:

• If you have a higher risk of being sued.
• If you have a lot of offshore holdings with no connection to the US.

In Part One of this series, we will talk about the basics of these entities, pros and cons, and how to determine your “risk factor.”

In Part Two, we’ll dive into specific jurisdictions, how to use them, what assets to put into them, and sometimes better alternatives that might better fit your needs.