Скачать с ютуб An Offshore Foreign Trust Is A Wealth Lifesaver & A MGTOW Best Man's Friend To Protect Wealth в хорошем качестве

An Offshore Foreign Trust Is A Wealth Lifesaver & A MGTOW Best Man's Friend To Protect Wealth

To further support my channel and works: Paypal Donations: [email protected] Transferwise Donations: [email protected] For A Massive Udemy Referral Discount: https://www.udemy.com/course/easy-tax... Support me on Patreon:   / vikingtraveler   Bitcoin donations-bc1qdhd6hwjs4rea9e02e335ewl2mj9ju2cnlyk6gj I discuss in this video, the benefits for people to have an offshore foreign trust to protect their wealth and give them a peace of mind in the future. Before we go on to discuss what types of trusts there are and which one could benefit your holistic offshore strategy the most, it’s important to define exactly what each of the three parties do. A Settlor (aka Trustor, Grantor or Donor) is the person who creates the offshore trust. This is the individual who owns assets that they wish to protect through an offshore trust. In order to do that, the Settlor must establish: Certainty of intention – outline his/her desire to start a trust. Certainty of subject matter – outline the property that is to be entered into the trust. Certainty of objects – outline who will be the beneficiary or beneficiaries. A Trustee is the second party and is usually a legal entity (like a bank or other financial institution). This entity is the one holding and managing the property in the offshore trust for the Settlor. It is the responsibility of the Trustee to: Follow the terms expressed in the ‘Deed of Trust’ – a very narrow number of duties are normally given. Defend the trust against debtors – a key element of any asset protection trust. Invest the trust appropriately. Act impartially amongst the beneficiaries. Be accountable to all beneficiaries, keep them informed and act in their best interest. Not delegate duties or profit themselves from transactions. The Beneficiaries are individuals (and sometimes organizations) who are to benefit from the offshore trust. Once the property from a trust is in the possession of adult beneficiaries, they can do whatever they want with it, including: Sell any property Assign it to someone else Release it Use it in a mortgage agreement HOW DOES AN OFFSHORE TRUST WORK Once the Settlor creates the ‘Deed of Trust’ with the help of a trust attorney, the attorney then files the deed and a Trustee is appointed to manage the assets which are subsequently placed in the trust. Now, here’s the important part: when the Settlor places their assets in the trust, the Trustee receives the title to the Settlor’s assets. In other words, the Settlor has transferred ownership of the assets to the Trustee. The Trustee now owns the assets. This is the key to effective asset protection through a trust. No one can take from you what you do not own. As the Settlor, you have given away your assets, “trusting” that the Trustee will manage them according to the legal agreement that you created in the beginning. The Trustee has only acquired ownership due to the ‘Deed of Trust’ so, while they legally own the assets, they can only use those assets as dictated by the agreement. And if planned correctly, the Trustee can only act in the interest of the Settlor (you) and his or her beneficiaries. Then, when someone comes after your assets, not only will they no longer be ‘your’ assets but you will have also given those assets to a Trustee that resides outside of your home country’s judicial system Your Trustee will not be subject to your home country’s laws. Instead, they will be governed by a different set of laws that will – if you’ve selected the right jurisdiction – favor the protection of your assets. The court, which usually wields a big stick at home, does not have the authority to compel your Trustee to turn over any assets within your trust. HAT’S THE BEST TYPE OF OFFSHORE TRUST? Now that you’ve got the basics down, let’s determine the perfect offshore trust to protect your assets. There is no one-size-fits-all solution here because a person using an offshore trust for estate planning, for example, will need to structure their trust differently than a person using it for asset protection. The kind of offshore trust you use depends on both your overall financial situation and your tax plans. And while there are many types of offshore trusts, you’ll likely want to set up a private trust, which is created for the benefit of individual beneficiaries, versus that of a corporation, charity, or the public.