What are Offshore Trusts and Why Should I Have One?

Posted by & filed under Off-Shore Business Information.

To understand what an offshore trust is, first you need to understand what an onshore trust is. An onshore trust is basically an account. In this account, a settler places assets or property. Then the trustee holds onto this property for the beneficiaries of this trust. Onshore trusts can be heavily scrutinized and looked after;