Why High Net Worth Client Need Offshore Trust ?
Offshore trusts are frequently regarded by High-Net-Worth (HNW) clients as the pinnacle of efficient tax and estate planning, providing them with numerous opportunities to reduce taxes and protect assets for beneficiaries while potentially retaining significant control, particularly for those owning global businesses or real estate.
Why Offshore Trust Give Asset Protection ?
- Offshore trusts are a type of asset protection tool that entails establishing a trust or business entity in a favourable legal jurisdiction outside of your home country.
- Offshore assets are placed under the control of trustees or managers who are located outside of your home country and manage your estate after your death.
- People with both significant assets and higher risks of legal liability can establish offshore “asset protection trusts” to avoid legal battles from creditors in jurisdictions beyond the reach of their residing country’s courts.