Posts Tagged ‘jurisdiction’

Asset and Tax Strategies to Protect Your Success

Protect Your Loved Ones with Effective Asset & Tax Strategies

If you are a successful entrepreneur with a business and investment portfolio worth $5M to $100M, the phrase “asset protection” usually revolves around one of a few questions, such as: ? “How do I stop paying so much in taxes?” ? “How do I protect my assets from creditors?” ? “How do I ensure my…

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Offshore Trust Explained

Offshore Trust Explained

An "offshore" trust is a trust that is set up under the trust rules or is governed by the rules in an offshore jurisdiction, which does not actually need to be overseas or in another country – though it can be. The assets of the offshore trust could be invested in the NY Stock Exchange…

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Definition of Irrevocable Trust

An irrevocable trust cannot be changed. It is a trust that, by its terms, can’t be changed except by terms that might be written into the irrevocable trust. It must operate according to whatever are its terms. An irrevocable trust is typically set in a particular jurisdiction: It is considered an independent person under the tax…

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