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Belize Trust: Offshore Asset Protection |
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Having troubles managing your wealth? Can't sleep because of the fear of losing all your assets in an instant? Wish you were protected and secured? Well, The Belize Trust Acts of 1992 has the answers to all of your concerns.
Belize is well known and is very much the center for offshore trust agreements and asset protection. If you're interested in finding a legal structure that will help you not only to protect your assets and personal interests along with possible tax exemptions, privacy and inheritance advantages, then Belize is definitely the key to having a much needed peace of mind.
The Belize Trust legislation is probably one of the most versatile and reliable trust structure known all over the world. It has features that will surely invite any interested individual or corporate body.
First and foremost the Trust law in Belize actually makes for very straightforward Trust documents drafting. Clearly laid out and explained are the responsibilities of and the liberties allowed a Protector so he can be invaluable to both the trust giving body and the settlor and trustee.
Trustees are even given full discretionary powers if wished by the trustees and settlor. The hiring and termination of a Trustee can be done according to the wishes of the Trust founder. It is even possible for the client to appoint a single Trustee. For situations dealing with inheritance, the status of a Letter of Wishes is always followed and honored.
Trusts of other types and charitable and non-charitable Trusts are duly recognized and allowed as well, although non-charitable trusts may only have a maximum duration of 120 years. Furthermore, an established Trust need not be registered. Provisions on asset protection are definitely included so that a client can evade the creditors and the judgment from foreign courts regarding asset freezing in situations like bankruptcy, death, divorce, and others. Finally, possible Settlors are allowed to create protective Trusts to their own advantage.
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