dynasty trust setup
Do You Need Both a Will and a Trust? The Answer Might Surprise You
The Fundamental Differences: Trust vs Will Understanding the trust vs will decision is crucial for proper estate planning. While wills provide basic instructions for asset distribution after death, trusts offer living control and immediate protection. Wills must go through probate court, becoming public records, whereas properly structured trusts avoid this exposure entirely. When evaluating trust […]
Offshore vs Domestic Trusts: Which Offers Better Asset Protection?
Offshore Asset Protection Fundamentals Offshore asset protection involves establishing legal structures in foreign jurisdictions known for strong creditor protection laws. Popular destinations include the Cook Islands, Nevis, and Switzerland, each offering unique advantages. These jurisdictions typically feature short statutes of limitations for challenging asset transfers and require creditors to pursue claims in local courts. When […]