Definitions for "Offshore Trust"
The quality that differentiates an offshore trust from an onshore trust is portability. The offshore trust can be transferred to alternative jurisdictions to maintain confidentiality and to advantage desirable facets of the new jurisdiction's laws.
a convenient vehicle for centralising the control and administration of such assets to provide sound financial reporting and maximum asset protection
a legal agreement enabling the settlor, who establishes the trust and places his assets into trust, to put distance between himself and his assets which makes it far harder for someone to come along and try and sue for or take control of the assets