Offshore Asset Protection

1)Trust2)Private Foundation 3)Limited Liability Company 4)Corporation

Robert E. Bauman JDLegal Counsel

Robert E. Bauman JD International Living, The Sovereign

Society Email: liberty100@bellsouth.net

Offshore Legal Entities

* Define your objectives * Actions in entity name, not your name * Open bank account * IRS reporting extensive * Get professional advice, US and offshore * Get cost estimate now and future * Greater privacy; TIEAs, MLATs * Beware Tinkertoy Schemes

Common Factors

What is a trust?What Can it Do?How Does it Work?

◦Protect Your Assets by Giving Them Away◦1)Grantor 2) Beneficiary 3) Trustee◦US Taxes, Reporting◦What Assets Can be Placed in the Trust?◦Offshore Asset Protection Trust (APT)◦Management

Trusts: Solid Asset Protection Made Easy

Structure: Founder, Council, Beneficiaries

* Family Members Only, blood or marriage

* No business management * Make, manage investments,

distribute * Much greater control * Treated as a trust by IRS * Panama, Liechtenstein, Bahamas,

Belize * Cost: $1500, annual $1000

Private Family Foundation

* LLC like a partnership * Manage business, hold title * Single or multiple member * Members assets exempt from claims * Better asset protection; charging

order * Nevis, Cook Islands, Isle of Man * Cost: $750-$1000

Limited Liability Company

* IBC used for multiple purposes * CFC pays US taxes * Panama, no taxes on offshore income * The IRS per se list * US owners taxed, reporting required * Cost: $750-$1000, annual

maintenance $1000 * Panama, Hong Kong, Singapore,

Bermuda, Isle of Man, Switzerland (cantons)

International Business Corporation