Offshore Asset Protection - Important for Securing the Future

Nowadays, banks and insurance companies multiple types of financial products for anyone who has money to keep, protect, or grow. The trouble is, not all of these products will be able to battle inflation. What’s more, banks usually have rigid structures that might not meet your needs and goals. You worked hard for your money, and it is only logical that you secure it for the future, whether for retirement or to be passed on to your children. One of the best solutions you should look into is offshore asset protection.

There are many benefits of having an offshore account. For instance, if planned carefully, your offshore trust can help you minimise your taxes. Other benefits of an offshore asset protection trust include avoidance of forced inheritance and heir ship rules, succession or estate planning and protection against financial adversaries.

It is important to find a firm that can offer compliant solutions for your money. A personalised approach to managing the trust and assets is a key to get the best asset protection. Don’t just go for the cookie-cutter trusts or private foundations. For a truly comprehensive offshore asset protection plan, you will need a note only a professional trustee by a knowledgeable advisor The right firm can help you find the best solution for your money, depending on your intention and goals.

An excellent trust service provider should of course be dependable. They will be responsible for safeguarding and administering the assets of the trust. Some of the important factors to take note of when choosing a provider include qualifications as well as the type of clients they currently have or previously served. Do not hire a trust service provider that is not regulated and licensed by the Financial Services Authority. It is important that the asset protection is legal; otherwise, you may face huge consequences.

Legal issues are very common when it comes to assets. The trust service provider should be able to offer solutions to the problems that may arise, such as the settlor wanting to maintain full control of money and financial assets decisions as well as the trust property not being bestowed to the trustee.

Putting your money into an offshore trust is a big decision. There are trust service providers that can offer full support for any queries you may have. Some of the best ones even offer an online quotation.

Sterling is a leading licensed and regulated corporate, trust, fiduciary and fund services provider delivering specialised solutions for a global clientele of international corporations.