Below you'll find a list of all posts that have been categorized as “International Trusts & LLCs”
by Vera Felber, Director, Lighthouse TrustandStephen E. Speiser, Attorney at Law, The Speiser Law Firm P.A. (Palm Beach, Florida) We are pleased to republish the following article from our colleagues at Lighthouse Trust and The Speiser Law Firm, P.A. Lighthouse Trust is the leader in asset protection trust services globally, boasting a groundbreaking court victory for U.S. persons engaged in …
On June 8, 2016, the Cayman Islands published a new Limited Liability Companies Law. With this enactment, the Cayman Islands is yet another offshore jurisdiction to offer state-styled LLCs for business planning. Promoters have described the Cayman Islands LLC law as “closely aligned” with Delaware’s popular LLC act. However, careful analysis shows that there is nothing “closely aligned” between the Cayman Islands …
Back in 2014, members of our firm reported on a significant legal victory for a trust settlor who had shifted his substantial net worth into a foreign asset protection trust in order to stave off guarantor liability on a commercial loan with Branch Banking & Trust Company (BB&T). As one of the most recent cases to touch on the “impossibility …
The volume of litigation in the United States is on an endlessly upward trajectory. Yet, most Americans are unaffected by this statistic: Either they have no savings to lose, or they are so wealthy as to be able to withstand the impact of a large lawsuit. Caught in the middle are those who have accumulated significant wealth, but …
Is the United States a Tax Haven for Foreigners? For many years, foreigners have enjoyed the freedom to form LLCs in the United States, whether as a means to access the U.S. banking system, to gain anonymity or asset protection benefits for their investment holdings, or possibly to avoid taxation of investment income in other jurisdictions. Foreigners are subject to …
Domestic asset protection trust planning in Wyoming dates back to 2007, when the state enacted legislation recognizing a form of trust labeled the “Qualified Spendthrift Trust.” A settlor may create a Qualified Spendthrift Trust with a trust instrument appointing a “qualified trustee” for “qualified trust property” if the trust agreement meets the following requirements:[1] The trust agreement stipulates that the …
