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British Capital Group is an executive level financial and management consulting firm that provides support to corporations, financial institutions and high net worth individuals
Asset Protection Trust
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British Capital Group is an executive level financial and management consulting firm that provides support to corporations, financial institutions and high net worth individuals
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If you have $500,000 or more in liquid assets, an offshore asset protection plan is definitely worth considering.
What is an Asset Protection Trust?
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An asset protection trust is any trust utilized to insulate assets from creditor attack. An asset protection trust is normally established in an offshore jurisdiction, although the assets will more often than not remain in your country under the indirect control of the person establishing the trust (the "settlor"). These trusts are normally structured so that they are irrevocable for a term of years and so that the settlor is not a current beneficiary. Even though they are "foreign trusts" we normally structure them so that they are treated as domestic grantor trusts for tax purposes. With a properly drafted and timely settled trust, the creditors of the settlor cannot reach the assets of the trust. An asset protection trust is also normally structured so that the undistributed assets of the trust are returned to the settlor upon termination of the trust provided there is no current risk of creditor attack, thus permitting the settlor to regain complete control over the formerly protected assets.
An asset protection plan has two major goals:
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Are You Ready To Lose Everything?
It may surprise you to learn that the number one reason for people moving money offshore is not because of tax benefits but asset protection. Today's predaceous and litigious society unfortunately makes successful people vulnerable to lawsuits of every kind.
With 170,000,000 lawsuits filed last year in the U.S. (product liability awards were up 44% in 1998 and class action lawsuits were up 21% last year) and 680,000,000 world-wide you owe it to yourself and your family to form an offshore trust fund with help of British Capital Group.
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Why An Offshore Trust?
Modern legal precedents encourage frivolous lawsuits that often result in amazingly large settlements. Think it can never happen to you? When you're faced with losing everything you've worked your whole life for, it doesn't really matter whether we call them creditors or predators" or who is "right or wrong." Most people think they have done everything to protect themselves and their families. This is rarely the case. By having assets out of your home country, in a properly constructed trust for example, you can achieve substantial protection from illegitimate creditors and predators. You can make your wealth invisible to others. If they can't find it, they may not consider it worthwhile proceeding with a lawsuit in the first place. | 
Peace Of Mind |
How Does It Work
The living trust is based on a very simple principle:
One attractive feature of the living trust is that you, as the creator (or "grantor") of the trust, have the power to amend or revoke the trust at any time during your lifetime. Thus, having a living trust does not require you to permanently part with use ownership or control of assets which you place in the trust. | 
As Free As The Wind |
If you choose to implement your estate plan through the use of a living trust, you should, in most instances, transfer all of your property into the trust so that when you die, there are no assets in your name requiring probate administration. With a living trust, the functions usually carried out by an executor (asset inventory, tax return filing, distribution of property to your beneficiaries or your trustee) will instead be performed by the trustee or successor trustee.
How Does An Asset Protection Trust Operate?
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The Trust protects your assets because the funds placed in the Trust account are unavailable to persons who sue and may win a judgment against you. They are also unavailable to a court in the US or any other country in the world to hold (freeze or encumber) while a lawsuit is pending but before there is any judgment rendered in the case.
For example, say you have $500,000 in a local bank. Assume you are sued and are ordered to pay a judgment of $250,000. Since you have control over the $500,000 and the funds are available, you would have to pay the $250,000 judgment. Your money is not protected. Now, instead of keeping the funds in the local bank, you gift the $500,000 into British Capital Group Trust account. The transferred funds may be invested in either US or offshore investments probably similar to the type you currently hold. | 
Your Offshore Trust; Welcome To Freedom |
Either way, this money 100% safe from a judgment, because you no longer own the $500,000, the British Capital Group Trust owns it. Essentially, you are placing your money into a foreign trust that is out of reach of potential creditors. By giving up the ownership of the assets, you are placing them beyond reach of a US or world-wide courts, who could order you to surrender them.
If you do not own them, or do not have signature authority over the accounts where the assets are deposited, it is impossible for you to comply with any US or world-wide courts order to surrender them. This is a perfectly legal position to take. (There is more to the concept than this quick summary, but the principle is clear.
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Mailing, Fax, Telephone And Office Facilities:
As part of the domiciliary service fee we provide clients with a registered office address in the country of incorporation but clients may find it convenient to arrange for mail forwarding, fax and telephone facilities through our Switzerland, Bahamas Islands, London or other British Capital Group offices. This service may be especially useful where, for example, the company is opening bank accounts. Normally the bank would address statements and other correspondence to the company at the address of the client but this results in a loss of confidentiality in that the connection between the company name and the client will be automatically made.
To safeguard against this mail can be directed to our offices and we can re-mail those letters in a plain envelope addressed to the client or otherwise as the client directs. An additional advantage of using our re-mailing services is that the provision of a re-mailing address through one of our prestigiously located offices in the onshore jurisdictions may allow the offshore company to appear to be domiciled on-shore and thereby give that company an added degree if respectability. |
Secured For Ever; The Real Life |
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For example, your offshore company could quote
British Capital Group London office address on its letterhead and thereby appear to be domiciled in the UK. This procedure is particularly attractive if the Hong Kong address is used as a Hong Kong company is not required to quote its registered office address on its letterhead. Thus if an offshore company were to quote a Hong Kong address it would be indistinguishable from the letterhead, from a normal Hong Kong trading company.The charge for this service is only $275 per annum.
Trust Services: Using a trust to own the shares of an offshore company can result in very substantial tax and non-tax related advantages which will accrue both on death and during the lifetime of the trust settler. These advantages may include: Saving Of Inheritance: On death, the Inheritance tax which would normally be assessed on the value of shares would generally be eradicated. Asset Protection: Assets placed into trust are generally beyond the reach of creditors who might arise as a result of financial difficulties, divorce proceedings, litigation, etc. |
Your Own Trust
Your Passport To Success |
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Avoidance Of Probate:
A trust provides a means whereby assets can be smoothly passed on to the next generation without the disruption, delays substantial costs, loss of confidentiality associated with the probate procedure which necessarily follows when assets are bequeathed by will.
Continuity: Trusts provide a means whereby assets can continue to be administered in accordance with the wishes of the settlor after his death so the weak can be protected from others and the spend-thrift can be protected from himself. Lifetime Tax Savings: During lifetime, substantial income and capital gains tax advantages may result from setting up the trust. Using the service of one of our licensed trust companies, we are pleased to act as trustee for a suitably drafted discretionary trust and the cost of this service would be from US$500 for setting up the trust deed and from US$500 per annum for the provision of trustee services. Other Services: British Capital Group provides a wide range of administrative and documentary services including, but not limited to legalization and notarizing of documents, credit cards, yacht and ship registration, invoicing, documentary trade services, trade finance applications, accounting, consulting and immigration services. |
Far From Tax Collectors; Endless Life In The Heaven |
VIP Package: Available at slightly higher cost
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Confused?
The average person is frequently confused by the complexity of international tax planning and discouraged by the substantial costs involved in an offshore company formation or registering of a company or trust in a tax haven. The registration costs and ongoing yearly administration expenses frequently exceed what the average person could save in taxes. British Capital Group has a new program to answer those concerns. We provide the simple, secure, private and low cost answer for the person who is just starting out or the veteran who now understands that simplicity is the essence of genius. Our survey has shown that this solution answers all of the needs for 100% of the persons seeking to go offshore. |
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We trust that we have clarified the intriguing world of British Capital Group's Offshore Trusts And Wealth Protection Programs. We will be happy to answer any questions you may have, relating to this opportunity and provide you with additional details regarding any of our devoted services.
Please click here to write us the full particulars of your situation and what you wish to accomplish. We will review your situation very carefully and offer to you a custom fitted solution. 95% of the time it will be simple to understand and 100% of the time it will be the least expensive alternative.
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If you would like to obtain further details of the legislation
surrounding the formation of An Offshore Trust or wish to discuss any matter in complete confidence, please
click here
to contact: Mr. Robert Haig Ph.D. Vice President British Capital Group Offshore Services |
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| Please feel free to contact British Capital Group if you believe the formation of An Offshore Trust at the present time may be appropriate in your particular situation. Any communication with us is considered PRIVILEGED and CONFIDENTIAL. |
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British Capital Group is in a position to assist new and established clients in opening personal and corporate offshore bank or trust accounts, denominated in almost every currency, in over 125 of offshore jurisdictions world-wide, including:
New Zealand, Australia, Chile, The Dominican Republic, Ireland, Argentina, Belize, Brazil, Spain, Italy, Costa Rica, Venezuela, Uruguay, Prague, Bodrum, The Spanish-Moroccan Tax Havens, The Madeira Tax Haven of Portugal, The Jamaican Free Trade Zones, The Dominican Republic Free Trade Zones, Campione D'Italia, Andorra, Poland, The Eastern Turkish Border and Tbilisi, Mozambique, Guatemala, The Virgin Islands, The Philippine Islands, and Anguilla are just some of the countries and places featured.
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There is only one British Capital Group. Our scope, financial strength, balance, depth of talent and integrity have made us our clients' trusted global advisor. |  |
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