Trusts may also be set up outside the country, allowing you even more confidentiality as well as maximising savings to be made by avoiding taxes. Whatever the connotation that the term “offshore” may bring to mind, offshore trusts are in reality a perfectly legal alternative for managing your assets.

Besides offering virtually airtight secrecy, offshore trusts also have the same features and benefits of regular trusts: secure asset protection, a good measure against inflation, and an effective way to reduce your liabilities.

While there is usually nothing illegal about setting up an offshore trust, it is still advisable to consult your lawyer to make sure that you are not violating any local laws that may apply. Policies and regulations regarding offshore trusts and holding companies vary from country to country so check with your lawyer to ensure that your financial dealings are kept on the safe side of the law.