A trust established offshore to protect settlors' assets against those who may attempt to make claims against them - creditors, former spouses and dependants on death.
An irrevocable trust, that is usually settled offshore. Its principal purpose is to preserve and protect the beneficiary's wealth offshore against claimants such as creditors. Title to an asset is transferred to a person or corporation, who is named the trustee or trust company. This kind of trust is usually tax neutral.
an irrevocable, self-settled spendthrift
a one of the most powerful asset protection tools available
a private written agreement in which one person (known as the settlor) transfers assets of any type to a trustee, who holds and uses them for the benefit of a third party (the beneficiary or beneficiaries)
a trust that protects the trust assets from creditors and liabilities of the beneficiaries
a type of Trust that is designed to protect a person's assets from claims of future creditors
A trust designed to accomplish a number of lifetime and deathtime estate planning goals of its settlor, including planning for the preservation of the settlor's estate from a variety of risks which would threaten to dissipate the estate if one or more of the risks materialised. An "APT" is typically established in a jurisdiction other than the settlor's home country.
An offshore trust which holds title to and protects the grantor's property from all claims, judgements and creditors, especially because it is located in a country other than the grantor's home country.
A special form of irrevocable trust, usually created (settled) offshore for the principal purposes of preserving and protecting part of one's wealth offshore against creditors. Title to the asset is transferred to a person named the trustee. Generally used for asset protection and usually tax neutral. Its ultimate function is to provide for the beneficiaries of the APT.
An APT is a legal arrangement in which an individual (the trustor) gives fiduciary control of property to a person or institution (the trustee) for the benefit of beneficiaries. This type of agreement applies to both annuities and other investments.