Asset Protection Trust
A Trust is one of the most flexible existing financial mechanisms, which had been specially designed to achieve the best asset protection. The main principle of its functioning is based on the separation of legal ownership of the Trust assets from the Beneficial ownership. The first one belongs to the Trustees, the second one rests with the Beneficiaries.
Trust is an ideal legal tool that allows assets to be held, used and/or managed by one person, the Trustee, for the benefit of another different person or group, or Beneficiaries. The trust can also assist to avoid probate and inheritance taxes, invest in all kinds of securities, real estate, cash, futures, bonds, stocks. The trust may also help to hold title of any real or personal property, business interests, insurance policies; to pay support in marriage, to elderly, children, medical or educational expenses, etc.
In the privacy aware jurisdictions such as Belize it is not required to register the Trust with government institutions, and the terms of the Trust agreement and the Beneficiaries are protected against disclosure. The Trustees are not allowed to disclose information about the Trust unless there is an order of local court; in this case, you can appoint your own IBC as the Trustee, thus retaining full control over the situation.
