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Trusts – a ‘Limited’ Combination

Trusts – a ‘Limited’ Combination

There is now available a superior trust structure in which a single-member Nevis limited liability company (LLC) is used in combination with a Cook Islands trust.

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Saving Estate Taxes in the U.S. Through Offshore Trusts

Saving Estate Taxes in the U.S. Through Offshore Trusts

Usually articles and studies concerning offshore trusts have focused on their use for asset protection. However another, very important, use of a certain type of offshore trust, is to effect estate tax savings. This can be accomplished by ‘freezing’ the value of trust assets vis-a-vis the settlor’s estate at current values. Result? Any future growth in asset values will escape US federal estate taxation, thus increasing the amounts received by children and other beneficiaries. A variation of this technique can also be used for non-resident aliens owning US real estate, or those wishing to immigrate to the United States, to practically eliminate any US estate tax on death.

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Protecting US Client Assets with Offshore Annuities and Trusts

Protecting US Client Assets with Offshore Annuities and Trusts

Financially savvy US clients with sizable portfolios look to shield their investments from unexpected market fluctuations by portfolio diversification, and from creditor attacks by using asset protection plans that include offshore trusts. They may also seek to minimize the tax impact of their investments through the use of annuity products. Having a client’s offshore trusts purchase appropriate offshore deferred variable annuities can achieve the desired diversification and performance, while minimizing the current tax burden and diminishing threat of future litigation.

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An Overview of Offshore Annuities in Wealth Preservation Strategies

An Overview of Offshore Annuities in Wealth Preservation Strategies

Combining a carefully selected offshore annuity with a properly designed offshore trust can provide a powerful asset protection planning option.

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Domestic Asset Protection Trusts: Do They Work?

Domestic Asset Protection Trusts: Do They Work?

Many seminars and articles of late have introduced and discussed the concept of domestic asset protection trusts. This is primarily a result of “protective” trust legislation enacted in 1997 by Alaska and Delaware (Missouri has also enacted such legislation, but has not promoted it as have Alaska and Delaware). But is this domestic planning effective?

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Internal Revenue Service Targets Abusive Trust Arrangements

Internal Revenue Service Targets Abusive Trust Arrangements

Attorneys, accountants, and other professional advisors need to be aware of the significant “abusive trust arrangements” that may be solicited to clients and that may be subject to significant penalties announced in a recent IRS notice.

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