Offshore trusts work by relying on the laws of different countries. When you go offshore, you’re using better laws than those that are offered in the US.
Typically many US persons are going offshore for better asset protection laws.
The U.S. does not offer great protections for people who are the victim of frivolous lawsuits. Countries offshore offer Americans better protection for their assets through trust and LLCs and other entities.
Related posts: Offshore asset protection trusts, Turnover Orders
Colin Ley is an asset protection attorney and the creator of the PREP Trust®. He is also the co-founder of LayRoots (along with with partner in life & business – Shreya Ley)
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