In many ways, offshore assets have gotten a bad wrap over the years. To be fair, many people used to move many of their assets offshore so they wouldn’t have to pay taxes in the United States. This was a sneaky way for the very wealthy people in the United States to avoid paying the taxes that they owe to the rest of society. However, there are many perfectly legal ways to move assets offshore that are not wrong in any moral sort of way. Many of the people who have assets to move offshore have contributed a great deal to the American society, via taxes, hiring huge numbers of the populace and more. These people deserve the peace and comfort that is due to them at the end of their lives, and if they want to move some of their assets offshore to help those assets appreciate in greater quantities, they should be allowed to do so. The key here is that this should be allowed as long as they are not doing anything that is illegal under the law, i.e. laundering their money into bad things around the world or moving their assets only to avoid taxes in the United States.
As you can see, things like an offshore asset protection trust aren’t nearly as bad as many people make them out to be. In the end, people have worked very hard during their lives to accumulate their assets. All they are really trying to do is to ensure that their assets are protected, that they continue to increase in value and that they will be there for them to hand down to their other family members when they pass on.
If you are considering setting up an offshore asset protection trust, visit www.jrmatsen.com to introduce yourself to the topic. On this website you will find a great deal of information about why you should consider going offshore, what going offshore entails, what you can expect once you move some of your assets offshore and what things you should consider before moving offshore. They also have a great deal of information about the kinds of things that make going offshore easier. One such thing is having strong international connections. The more connections or family members that you have living overseas the simpler the process is to transfer your assets there. If you know someone living in another country the process of transferring your assets will be much easier and it will be easier to stay within the law. Remember: you must make sure that everything you are doing is perfectly alright under the law. Tax evasion is a big deal and can end up costing you huge sums of money or even time. If you don’t have any international connections, then you’ll want to make sure that you have Matsen Voorhees Mintz set up your offshore assets. They have numerous connections around the world, have decades of experience in offshore taxes and will work hard to ensure that your assets are protected no matter where they are moved.