The Little Book of the Shrinking Dollar: What You Can Do to Protect Your Money Now
by Addison Wiggin, Samantha Buker
Offshore Trusts Aren’t Just for Big Corporations
Hand in hand with these kinds of offshore moves, you can set up a foundation holding ownership in an international business corporation (IBC). In this scenario, the designated protector, and any beneficiaries he or she chooses, can all participate 100 percent anonymously. The foundation is a holding company for a corporation.
The IBC benefits from being tax-free in its location (e.g., Antigua, Seychelles, Dutch Antilles, the Virgin Islands) and is able to give you privacy when it comes to present and future investments.
Plus, your heirs will reap the big gains. Forget worrying about what goes on in the United States over estate taxes. Since your offshore trust allows the inheritance to come from outside the United States, the assets are not prey to the usual taxes and legal procedures.
Through your foundation, your heirs get their inheritance free from probate, estate tax, gift tax, inheritance tax, or legal delays.
But if going abroad simply isn’t for you, what’s to be done?
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