Transcription of OFFSHORE ASSET PROTECTION TRUSTS AND …
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OFFSHORE ASSET PROTECTION TRUSTS AND …
GIMME SHELTER! . OFFSHORE ASSET PROTECTION . TRUSTS AND FIREWALL AND. FRAUDULENT TRANSFER. LEGISLATION. by Ashley Fife Date 16 January 2018. To what extent are assets in OFFSHORE TRUSTS sheltered from claims made under other jurisdictions' laws against settlors, beneficiaries, trustees or trust property? Many OFFSHORE jurisdictions have experienced challenges drafting effective and appropriate firewall legislation. Consequently, many jurisdictions have recently updated key aspects of their firewall legislation. In contrast, the concept of ASSET PROTECTION TRUSTS and fraudulent transfer legislation may have received less attention recently.
applebyglobal.com 2 However, asset protection is rarely the sole reason why a person might wish to form a trust. Arguably, the overriding reason why trusts remain attractive to private clients is the flexibility that they provide for long term
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