Offshore Trusts: Five Categories of People who are Likely to Find Them Useful

Offshore Trusts are ideal for the protection of wealth against contingencies such as messy lawsuits, divorce settlements, and civil strife-related complications. Accordingly, there are at least five groups of people who are likely to find such Offshore Trusts useful.

Public Servants as Potential Beneficiaries of Offshore Trusts

It is a requirement, in many legal jurisdictions, that people holding public office must regularly ‘declare’ their wealth. The problem here is that you may end up losing your personal property this way, as a public servant - should someone get the idea that ‘it is more than you should have.’ In many cases, all it would take, for such people to deprive you of your hard-earned wealth, is to create a credible case (however farfetched) to the effect that you obtained your wealth irregularly, through the use of your public office.

But by putting your wealth (as a public servant, or an aspiring public servant), under Offshore Trusts, you can be sure that such people won’t have any way of laying their hands on your wealth. That is because, once your wealth is under an Offshore Trusts, it get registered under the trustees’ name, and as such, it is not viewed as your property (which means that nobody can seize it).

Business People as Potential Beneficiaries of Offshore Trusts

We see many cases where, when the time for business dissolution comes, the property of the businesspeople in question has to be seized to meet some of the liabilities of the winding up company – especially if it wasn’t a limited liability company. But if you are a businessperson, and you have your wealth in Offshore Trusts, it can’t be seized in this way as it won’t come across as ‘your property,’ but rather as the ‘trustee’s property.’ One person’s property can’t be seized to pay for another person’s liabilities! Of course, it is only you and the trustees who will know that, in fact, the wealth is yours, held in trust (for your benefit) by the trustees behind the Offshore Trusts.

Married People as Potential Beneficiaries of Offshore Trusts

It is trite law that when the time for dissolution of a marriage comes, one of the marriage partners may end up benefitting from the property of the other partner – even if he or she didn’t really work towards its obtainment. There are actually many people who get into marriage with the express objective of benefiting in this way. Prenuptial agreements don’t really get to the root of the issue. But if your property is held in Offshore Trusts, it is in the trustees’ name, and a greedy estranged marriage partner won’t be in a position to lay his or her hands on it.

Hardworking People Living in Politically Unstable Countries

When a politically unstable country implodes, the people who had wealth in it tend to lose out spectacularly. The prospect of political instability, however remote, has always been known to cause people to seek ways of protecting their wealth. One of these is through the use of Offshore Trusts: through which one can keep at least part of his or her wealth outside of his or her politically unstable country, ensuring financial stability in the event civil strife breaks out and they have to flee to another country.

Prudent Property Owners

Nobody is absolutely safe from litigation. And as we all know, however well one conducts their cases, the judgments and rulings are always matters of the judges’ opinions. Sometimes things go wrong, and the result is often that of your (hard-earned) wealth being up for seizure. It is a nightmarish situation, but you can avoid it by putting most of your wealth in Offshore Trusts, where it is unreachable.
To more information on other categories of people who can benefit, visit Offshore Trusts.