How do you establish an Offshore Trust?
To obtain the legal protections offered by Offshore Trusts, typically you would have your attorney create both a limited partnership and a trust in the desired offshore nation. You would then transfer your ninety-nine percent limited partnership shares to the Offshore Trust and retain the one-percent general partner share. Doing this would afford you the greatest possible degree of protection for your wealth, while preserving complete control over the assets themselves.
Fortunately, Offshore Trust laws do not require that the assets literally be removed from U.S. soil nor do they require that the Trustmaker relocate to a foreign country. As long as the ownership of the assets and the jurisdiction governing the trust reside in a trust-favorable nation, the Trustmaker receives full asset protection.