Off Shore Planning

Advanced Legal Planning, LLC works with a team of top professionals from several different disciplines to bring you some of the most valuable planning tools available. These tools make use of a combination of US law and the laws of other countries.

You may remember a time when people trying to hide assets off shore ended up in jail. Let us assure you that “hiding” assets will still get you put in jail, but placing them off shore and properly structuring them can bring some of the greatest advantages that estate planning has to offer.

Asset Protection
There is a continuum for asset protection. The five tiers of asset protection are:

State & Federal Protection Laws
Liability Insurance
Limited Liability Company OR Family Limited Partnership
Domestic Asset Protection Trust
Off Shore Planning

For those who want the most protection for what they have worked a life time to amass, an Off Shore Asset Protection Trust is the optimal advanced legal planning tool.

Even if a judgment is levied against you in the United States, that judgment must be authorized by the Courts of the nation holding your property in trust. That is a time consuming, expensive process with a low rate of success.

The most common jurisdictions to use are the Island of Nevis and the Cook Islands.

Another wonderful part of using this type of advanced legal planning tool is that you do not actually have to MOVE your assets at all. You can continue to use your same financial planner to manage the funds that you place in your trust and you can continue to use the warehouse that you place in an off-shore trust.

Tax Advantages
If handled properly, you can use a combination of non-US assets and US laws to have use of tax free growth of your assets and then pass those assets on to the next generation.

This must be done with some particularity and you should consult with competent counsel prior to attempting any off shore planning.

Another use of Off-Shore planning (this can sometimes be done domestically as well) is the use of “Captive Insurance” policies to expense your profits at a margin of the cost of taxes. Instead of losing 35% to Uncle Sam, you could lose only 12% to the contract for a Captive Insurance Policy.

Gifting & Legacy Planning
Utilizing an off shore Limited Liability Company to receive the proceeds of an off shore Captive Insurance Policy, you can pass up to 88% of the profits of your company on to the beneficiaries of your choice completely free of gift taxes.

Free Off-Shore Planning Evaluation
These and other benefits of Off-Shore planning are extremely complex and generally reflect that in their expense to set up. However, if you are affluent, the benefits can far outweigh the investment.

Advanced Legal Planning, LLC would be happy to procure an Off Shore planning evaluation of your estate to determine if it is appropriate for your circumstances. This evaluation will result in charts, graphs, and numbers explaining what your potential benefits are and which Off-Shore planning tools may be a good fit for you.