Things About Offshore Asset Protection Every Internet Marketer Should Know Marketing Articles | July 3 Willie Stargell Jersey , 2004 Offshore instruments of asset protection no longer belong in the realm of the wealthiest individuals with high paid financial advisors. Thanks to the internet and globalization of financial markets, t...
Offshore instruments of asset protection no longer belong in the realm of the wealthiest individuals with high paid financial advisors. Thanks to the internet and globalization of financial markets, there are plenty of firms that can help just about anyone "go offshore". What follows is a brief introduction to some of the most popular tools of offshore asset protection and how they can be used by online business people and internet marketers like yourself to protect and grow your business.
1. Offshore Trusts
An offshore trust is a very simple agreement that helps put some distance between you and your hard earned assets. A trust is simply a legally binding agreement between two parties - the grantor and the trustee. The grantor "grants" control over specified assest and property to the trustee, who is then responsible for them. Beneficiaries are listed in the trust Wholesale Pittsburgh Pirates Jerseys , who will "benefit" from the assests being entrusted. Often this is in the form of receiving the assets upon the death of the grantor, or by receiving the profits generated by the assets listed.
The main point is that this agreement helps separate the grantor - you - from these assets in a legal sense, making it more difficult for someone to take them from you. By moving the trust offshore, there is an added layer of protection. If you've ever worried about a frivolous lawsuit destroying all you've worked for in your internet business Cheap Pittsburgh Pirates Jerseys , this is certainly a form of asset protection you'll want to look into.