Comments on: Structuring Offshore Trusts for Asset Protection

By: Broker

Broker — Sun, 09 May 2010 06:12:42 +0000

Very cool site and I just bookmarked ya too!

By: Richard

Richard — Wed, 28 Apr 2010 05:57:53 +0000

Once more a very good written article from you. Keep it up!

By: BobbyCasey

BobbyCasey — Tue, 27 Apr 2010 13:12:19 +0000

Fred,
1, trusts are not necessarily for everyone as the abstract nature of a trust is too much for some to grasp. the fear of giving up control to a trustee is more than some can cope with. also, the cost of setting up and maintaining a trust isn’t really practical for someone with just a couple of hundred thousand dollars in net worth.
2, a US LLC is a great tool for non-US residents/citizens for tax minimization. the US is the largest tax haven in the world for non-US persons.
3, an LLC is a pass through entity. the owner would pay his/her taxes based on their own personal situation. if you don’t live in the US, you would owe no US taxes.
4, the purpose of the trust is to give creditor protection, not tax benefit.

By: Jeff

Jeff — Tue, 27 Apr 2010 04:14:59 +0000

Once more a very good written article from you. Keep it up!

By: Sean

Sean — Tue, 27 Apr 2010 00:27:26 +0000

Now back to the subject.
1/ You mentioned that trusts are not for everyone, implying it’s worth setting up such a structure if your assets have a significant value. Can you approximately quantify that”significant value”?

2/ you’re taking the example of a LLC owning my stock trading account. Do you mean a US LLC for non-residents? If i’ts the case, does trading made on the New York stock exchange create a tax liability for a non-resident LLC since trading operations are conducted in th US?

3/ Following the same logic, if I’m non resident in the US and I’m the manager of the US LLC, does it create a tax issue if the brokerage account used by the US LLC is opened with a US broker?

4/ Wouldn’t a non-resident UK company (instead of a US LLC) be a more suitable vehicle if profits are not remitted to the UK? In that case, since you already legally avoid taxation, why would you need the extra layer of a trust in the overall structure? Of course, the same issue as mentioned above remains: must British brokers imperatively be avoided by the UK company so it will not appear as if the company was conducting operations in the UK…?

By: physical therapist

physical therapist — Thu, 15 Apr 2010 03:39:39 +0000

Valuable info. Lucky me I found your site by accident, I bookmarked it.

By: Fred

Fred — Sat, 10 Apr 2010 08:29:04 +0000

3/ Following the same logic, if I’m non resident in the US and I’m the manager of the US LLC, does it create a tax issue if the brokerage account used by the US LLC is opened with a US broker?

By: Fred

Fred — Sat, 10 Apr 2010 08:15:23 +0000

Before leaving my comment, I’d like to suggest you to review the previous comment. Is it a coded spy message??? If it is posted, does it mean you understood its content? Wow… Would be nice from you to explain it then…

By: millionaire dating sites

millionaire dating sites — Sat, 13 Mar 2010 15:09:32 +0000

Once more a very good written article from you. Keep it up!