An offshore company (IBC) can protect assets far better than onshore asset protection trust.
A court can issue an order to break an onshore asset protection scheme for one of a hundred different reasons.
Onshore asset protection is pierced everyday. Often a technicality can spell disaster, financially speaking, for the person who has secured their money onshore.
An offshore corporation, on the other hand, provides bullet proof asset protection. No court or judge can order you to provide assets that you do not own.
Invariably, the best offshore asset protection techniques involve either a bearer share corporation which is owned by whoever happens to be holding the physical shares, or an offshore corporation owned by an offshore foundation.
Legally nobody owns a foundation so it would be impossible for a judge to order the money be brought back onshore.
If you would like to keep your assets safe from lawsuits you should considering forming an offshore company (IBC).
Offshore company formation is not expensive. An offshore corporation and bank account cost less than $2000. Well within the reach of most people looking for ways to protect their assets.
