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Client Profiles 

Below are several examples of how offshore tools and techniques can be applied in specific scenarios to regain privacy, protect assets and get out from under regulatory quagmire. These are just a few examples, not an exhaustive list. There are many situations where going offshore can be of benefit. If you have any questions as to whether or not going offshore would benefit you, please feel free to Contact Us and a representative will be happy to discuss your situation.

Jim is concerned about his financial privacy. He knows that every transaction he makes at a bank is recorded and stored. Credit agencies keep an active list of his credit card and loan accounts. He has reached the point where he is tired of everyone being able to know every last detail of his financial affairs. Through the use of an offshore structure Jim was able to move his bank and brokerage accounts offshore, obtain an offshore debit card, and do his banking and investing in privacy. He no longer needs to be concerned about who might have access to his personal financial information.

Steve is a physician. Since he began practicing medicine, the threat of losing everything because of a spurious lawsuit has hung over his head. Steve overheard a colleague discussing offshore asset protection and decided to do his own research. What he discovered was that offshore tools could be used to help prevent a lawsuit from happening and could effectively keep him from losing assets should a suit actually be filed. Steve sheltered his earnings using offshore tools and can now sleep easier knowing that his life’s savings are protected.

Mary founded a successful marketing company 12 years ago that has grown from 1 employee to over 50 employees. Unfortunately, one of Mary’s senior managers has become disgruntled and is creating problems for other employees and has caused situations with clients as well. Mary knows that she has to act decisively and fire the senior manager but fears that the manager may become vindictive and file a lawsuit against the company and her personally. A lawsuit could cost her precious time and assets that would be best spent running her business. To ensure that she keeps the assets she has earned in 12 years of business, Mary decides to put her business and personal assets into an offshore structure. Mary now knows that if her (about to be former) manager hires an attorney to search for her assets, the search will reveal that Mary has very little – making her a very unattractive target. Furthermore, should a lawsuit be filed, Mary knows that her assets have been structured properly and can’t be taken from her – even if she loses.

At the age of 45, Peter is getting married for the second time. He founded a very successful business 10 years ago and his net worth is higher than it ever has been. Prior to starting the business he now operates, Peter was married and divorced. When Peter’s first marriage ended, he lost most of his life’s savings. Going into his second marriage, Peter is determined to keep what he has earned, should his second marriage not work out. Peter explored using domestic tools to protect his earnings but also researched going offshore. He found that placing his assets offshore provided superior protection when compared to domestic options. Peter decided to place his earnings offshore where they would be safely out of the reach of any judge in his home country. Peter can now rest easily knowing that if his second marriage takes the same path that the first one did, his finances will be secure.

Bill is an upper level corporate manager who has saved a significant amount in his IRA and 401K.  He’s concerned about troubling political and economic developments that pose a risk to his assets.  And, on a recent trip to the Caribbean he toured a beachfront home that would make a perfect rental property. His local broker told him that they simply could not accommodate moving his IRA and 401K funds out of the US.  So Bill made a few calls and discovered that moving his retirement accounts offshore was much easier and simpler than he imagined and that he could in fact use his retirement funds to purchase foreign property. So he transferred his IRA and 401K to an offshore brokerage and bought the beach house. He can now take great comfort in knowing that his retirement assets are safe and protected and include valuable foreign rental property which is not correlated to the rest of his investments.

Kim wants to start a hedge fund. However, she lives in a country that has excessive securities regulations. Forming a hedge fund locally would take nearly a year and cost hundreds of thousands in legal fees.  Rather than fighting a mountain of red tape and spending an enormous sum to get started, Kim decides to set up a licensed hedge fund in the British Virgin Islands.  As such, Kim's hedge fund will be licensed and begin operating in a matter of weeks and for a fraction of the cost of setting up a local fund.  Kim can use her time and efforts generating returns for her investors, not filling out endless paperwork for regulators and cutting large checks to attorneys.  The significant time and cost savings will result in lower expenses for the fund which means higher returns for her and her investors.  

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