Offshore work has always been part of our practice. With recent changes in the law, though, we have been moving away from recommending offshore to our US clients in favor of using domestic trusts.
Conditions are perfect for foreign individuals and companies looking to diversify, move capital to a safe place, and/or establish a foothold in the US. To invest successfully, these are the three basic principles to consider.
This is a continuation of the discussion in Part I of this series regarding the advantages and disadvantages of two common asset protection techniques: offshore entities/accounts, and the US asset protection trust.