Asset protection trusts come in at least two varieties: Grantor trusts and spendthrift trusts. A grantor trust is a trust established by a person (the "settlor" or "grantor") for the benefit of the settlor. An example of a grantor trust…
A self-settled trust is one where the person creating the trust (the "settlor") is also the beneficiary. It's easy to understand why courts frown on this type of trust for asset protection purposes. In theory, a self-settled trust could simply…
A Self Settled Spendthrift Trust is also called an asset protection trust. Simply put, in a trust like this, the Settler or Grantor is also the Beneficiary of the Trust. These trusts are therefore established for the benefit of the…
The tiny Caribbean island of Nevis has emerged as a highly attractive jurisdiction for offshore asset protection since the mid-1980s. In 1984, the Nevis government enacted the Nevis Business Corporation Ordinance, promoting itself as a safe asset protection haven. It…
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…