Foreign Trust: Asset Protection At Its Best
Posted on October 21, 2011 by admin in International News
For Immediate Release:
(Oct. 21, 2011) There’s many reasons for why you should consider setting up a foreign trust. Having your assets in an offshore trust is one of the best ways to protect your wealth from third parties and other external forces.
SovereignMan.com is one of the leading proponents of using offshore structures as a way to protect your privacy, your assets and ultimately your loved ones.
An offshore trust can not only offer asset protection benefits, but also significant tax benefits if structured right. It is very important to comply with all regulations and file your IRS form 3520 in time though, otherwise you risk severe penalties.
The constant attacks against so called tax havens by governments around the world will possibly get even fiercer in the near future as governments around the world struggle to cope with the sovereign debt crisis. Thus it is important for beneficiaries of a foreign trust to keep up with rapidly changing regulations like FACTA.
This is where SovereignMan.com comes in. The goal is to offer quality and up to date information on foreign trusts, and this October an exclusive teleconference will cover the FACTA regulation in debt, and what FACTA means for those holding offshore assets.
For more information on setting up a foreign trust, visit: http://www.sovereignman.com
