Offshore Banking Terms All You Ever Wanted To Know
Many investors are puzzled by the various terms used by bankers in describing ways to protect their money. Here is a short list of some of the most common ones.
Asset Protection Trust (APT) is an irrevocable trust, usually created (settled) offshore for the principal purposes of preserving and protecting wealth against creditors. Title to the asset is transferred to a trustee. It is used for asset protection and usually tax neutral. Its function is to provide for the benef…
Swiss Banks Traditional Leaders In Financial Privacy
When most investors think about offshore asset havens, the first prospect that comes to mind is the traditional Swiss Bank Account. This has become a virtual stereotype of asset protection, probably because Swiss banks have been in this field of financial services the longest compared to other countries.
Switzerland has maintained a longstanding political distance between itself and the rest of Europe; it maintained neutrality through both World Wars (leading to charges it…
Swiss Banks Traditional Leaders In Financial Privacy
When most investors think about offshore asset havens, the first prospect that comes to mind is the traditional Swiss Bank Account. This has become a virtual stereotype of asset protection, probably because Swiss banks have been in this field of financial services the longest compared to other countries.
Switzerland has maintained a longstanding political distance between itself and the rest of Europe; it maintained neutrality through both World Wars (leading to charges it…
Assets Haven Protects Financial Privacy In Post 911 Era
Ordinary Americans are discovering the vast asset protection, offshore and privacy opportunities previously only available to the extremely wealthy. With growing government surveillance in the post 9/11 era everyone should be concerned about financial privacy. Many financial websites now offer ground breaking information on offshore financial contacts, bankers’ secrets and tricks , and banking tools and tips revealed for the first time to the public. The information is easy t…