Main differences and pros and cons of a domestic onshore trust and the foreign trust such as tax consequences vested with tax jurisdiction under which trust is created. View of factors of trusts including role of Grantor, Trust, Trustee, Beneficiaries in domestic trusts and foreign trusts. Watch the video on Domestic and Foreign Trust Differences Like this video? Subscribe to our channel. The...
Why offshore asset protection (aka Foreign Asset Protection) is a legitimate business necessity. Discusses 1040 income tax return in regards to offshore reporting and foreign asset protection. The U.S. Taxpayer has been intimidated by the government, accountants, and lawyers into equating offshore or foreign business asset protection as fraudulent, unlawful illicit activities and as hiding their assets, fortunes and money illegally. The foreign countries take the opposite...
Asset protection comparison & definitions of General Partnership, Limited Partnership, Corporation Chapter “C”, Corporation Chapter “S”, Limited Liability Companies & Revocable Trusts and Irrevocable Trusts. PART 2: ASSET PROTECTION: GENERAL/LIMITED PARTNERSHIP, CORP CHAPTER “C”/CHAPTER “S”, LLC, TRUSTS Read PART 1: ASSET PROTECTION: JOINT TENANCY, TENANCY IN COMMON, TENANCY IN ENTIRETY & COMMUNITY PROPERTY Watch the video on Like this video? Subscribe to our channel. THE...
