offshore trust
Overseas asset shelter
An offshore trust is a legal arrangement where assets are held by a trustee in a foreign jurisdiction, typically one with favorable tax laws or strong privacy protections.
People establish offshore trusts for asset protection, estate planning, or tax minimization: The family's wealth was held in an offshore trust in the Cayman Islands.
The term often carries connotations of tax avoidance or hiding money, though many offshore trusts are entirely legal.
- asset protectionSecuring owned resources legally
- tax havenZero-rate wealth jurisdiction
- tax avoidanceLegal payment minimization
- shell companyInactive firm for transactions
- shell corporationLegally registered but inactive business
beneficiary · Cayman Islands · family wealth · wealth · secrecy · Panama · nominee · jurisdiction · estate planning · hidden · hidden assets · Swiss bank · secret account · loophole · legal loophole · inheritance · confidential · overseas