Offshore Asset Protection Trust
June 11, 2007 by Alexander J. Hay III
An Offshore Asset Protection Trust is a trust agreement that is entered into by a Domestic Individual who is interested in protecting his or her assets (complex asset transaction) from liability by using the Trust Laws of an "offshore" country, such as Belize. This Trust is usually established with the Domestic Individual, hereinafter referred to as the "individual", named as Beneficiary of the Trust in order to receive funds and other benefits from the trust. The individual is sometimes named as Trustee, and where available Protector of the Trust, giving the person complete and total control of the Trust...