| The Technique: |
- We create for you an Offshore Trusts with a Domestic Protector, a Domestic Trustee and a Foreign Trustee.
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- The Foreign “Custodial Trustee”, handles “custodial” task and is subservient to the Managing Trustee.
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- The Domestic Managing Trustee handles the trust's control functions. As such you do not have to file reporting forms with the IRS.
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- The Domestic Protector can veto the Foreign Trustee and the Domestic Trustee can make all Substantial Trust Decisions.
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- The Trust passes the "Court and Control Test" and for IRS reporting purposes the Trust is a domestic trust.
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If an Event of Duress occurs (e.g. lawsuit), the foreign trustee is given the power in his discretion to terminate the U.S. Trustee. That causes the trust to become an IRS Offshore Trust for reporting purposes.
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| Our Services: |
- We Create Low Profiler Offshore Trusts in the Cook Islands or Belize (in most situations).
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- Our Drafting Complies with the IRS Regulations.
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- We Draft the Language Needed to Create the Positions of Custodial and Managing Trustee
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- We Assist with Moving Your Assets to Your Trust
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- We Hire on Your Behalf a Foreign Trustee (Custodial Trustee)
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- We document the Appointment of the Foreign Custodial Trustee and Domestic Managing Trustee
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- Create the Appointment and Acceptance of Protector Documentation
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- Obtain for You, Your Offshore Trusts Certificate of Filing
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- Assist the Trust Company with their Due Diligence
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- Bank or Brokerage Account are Optional.
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