Home | Offshore Companies | Offshore Banking | Mauritius GBC | Site Map | Search | French Version
What is an Offshore Company? Start Your Business Double Tax Treaties The Asset Protection Trust Personal Service Company The Children's Incentive Trust The Professional Service Company Trade Finance & Documentary Credits Property Holding Company Yacht Registration Ship Management Tax Planning Vehicle Office Rental
 

The Asset Protection Trust

   

This is essentially a discretionary trust where the assets are placed to shelter them from potential future claims. These have increased in use in recent years with the rapid increase, primarily in the USA, of litigation against professional firms and the medical profession.

Main Features

This straight forward trust is set up to provide protection from any type of future claim, including creditors’ claims, claims in a divorce settlement and judgments. In order for this trust to provide the maximum level of protection, it needs to be an irrevocable discretionary trust. This means that the power to appoint any part of the trust fund will remain at the full discretion of the trustee.

Depending on the proper law under which the trust is set up, the assets transferred into trust will be sheltered from any potential claim after a set number of years.

Who is it for?

  • Those who are at the front line and vulnerable to litigation claims
  • Those who are involved in various business deals and who wish to protect assets from the claims of creditors

Benefits

  • Protects assets against creditor and divorce claims
  • Can help reduce the taxable estate of the settlor

Proposed Vehicle

  • Seychelles International Trust

Taxation

  • Only in resident state of beneficiaries

How to Proceed

If you would like to discuss your requirements with one of our consultants,
please contact us.

 

Terms & Conditions | Legal Warnings | Privacy Policy
OCRA (Mauritius) Limited - A Member of OCRA Worldwide
EXCELLENCE IN GLOBAL CORPORATE SERVICES