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There’s more to Belize than the Barrier Reef and Mayan ruins. This country formerly known as the British Honduras, has aggressively promoted its offshore financial services sectors, including asset protection trusts.

Advantage of Protection in Belize

There are several advantages to setting up an offshore asset protection trust in Belize. For one, the country has a well-established judicial framework that follows English common law. That is a hangover from the country’s colonial past, and it means that assets protection attorneys find it easier to deal with the judicial system in the country. The Belize trust legislation comes with highly flexible features that include complete exemption from taxes, including gift, estate, personal and business tax. The country has a well-established communications network and a sound judicial system based on English common law.

Belize’s offshore trust laws are flexible, and allow for simple documentation. They contain easy trustee appointment and removal provisions. The asset protection features of this legislation are extremely aggressive, and a trust may not be set aside based on claims by creditors or plaintiffs, or even by the order of any foreign court. A Belize offshore trust offers great security even if your assets are being attacked as part of a divorce, or as part of a bankruptcy.

Besides there are other advantages which can make a difference. For instance, English is the predominant language in Belize, spoken by most of the people here. Like the Cook Islands and Nevis, Belize also makes it extremely difficult for creditors to initiate litigation against an Asset Protection Trust.

Why Asset Protection Attorneys Recommend Belize

Asset protection attorneys often recommend an offshore asset protection trust in the jurisdiction of Belize for a number of benefits. The biggest benefit is that these trusts are ideal for protection of your wealth from plaintiffs, creditors and other litigants. However, these trusts can also help preserve your wealth in case of a divorce. When it comes to dividing your assets, you could find that you are left with an unfair divorce settlement that erodes your hard-earned wealth. Protecting assets by placing them in a Belize asset protection trust is one way that you can prevent the erosion of your assets.

There are other advantages too. For instance, you can use an offshore asset protection trust not just to protect your wealth from creditors and plaintiffs, but also to save your hard-earned assets for your survivors. An asset protection trust can make sure that your heirs are provided for well after you are gone. You can also use your trust to make sure that any business activities you have initiated continue even when you’re no longer around. An asset protection trust can be a viable tool not just for wealth preservation, but also for investment and estate planning.

So, it’s not just the guarantee of preservation of wealth from attacks by creditors and plaintiffs that should point you to the need for an asset protection trust. There are several other benefits that an attorney can explain to you in more detail. Offshore asset protection now is not just for multi-billion-dollar corporations. The average American who wishes to make sure that his wealth is always out of reach from those seeking to get rich quick at someone else’s expense, can benefit from an offshore asset protection trust in Belize.

None of this means that a Belize asset protection trust is ideal for your situation or for your assets. An asset protection attorney will take your requirements into consideration to determine whether setting up an offshore trust in Belize is ideal for you.

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This Post Has 2 Comments

  1. If I want to utilize a Belize LLC, is it wise to have the APT that is going to own it in the same country, or should the APT be in a different country for any reason? Thanks.

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Pashmina Lalchandani

CEO & Co-Founder, Bar & Cocoa / Owner, Flow Simple
December 9, 2010, Douglass was a client of Pashmina’s

I’ve known Doug in many contexts, as a friend, as a client and as a business partner and he impresses me on all levels. He’s dependable, smart, generous and I wouldn’t hesitate recommending him and his law firm to anyone.
He’s the best and most ethical lawyers providing asset protection with rock solid strategies to give you peace of mind about your wealth. Straight forward, and straight talk. Doug is exactly the lawyer I want on my side. If I send someone to Doug, I know they’ll thank me for it!

Social & Solar Entrepreneur, Pan Afrikan Theorist, Translator/Interpreter,
Founder & Visionary Leader @ Afrikanpride.
March 12, 2011, Marlon E. D. J. worked with Douglass but at different companies

Doug is one of the most powerful thinker i have came across. During the short time that i have known Doug he has been a great source of inspiration. He has a simplistic yet effective and accurate way to analyze anything you bring to his attention, and then by asking you key questions he gets you to see the light at the end of the tunnel. Besides being extremely bright, he is a genuine and caring individual which is why I feel fortunate to know him. I can say without a doubt that he his the person you would want to talk to if you were in need of a person with his expertise.
Most of the lawyers out there will probably meet your needs, but if you are looking for someone to exceed your expectations and give you that wow factor, look no more he is the person for the job.

Patricia Salter

Associate Dentist at Smileology
December 1, 2010, Patricia was a client of Douglass’

I have been a client of Douglas Lodmell’s since 2001. My main concern was asset protection in this litigious society. I can sleep alot better at night knowing I have the instruments in place to protect the fruits of my labor, and that they will not end up in the hands of a slick trial attorney.

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