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What are foreign trusts and off-shore entities that I hear about being used for asset protection purposes?

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What are foreign trusts and off-shore entities that I hear about being used for asset protection purposes?

Question: What are foreign trusts and off-shore entities that I hear about being used for asset protection purposes?

Answer: Foreign trusts are used for asset protection purposes as trusts that are set up in a foreign country and under the laws of that foreign country the assets in that trust are protected against claims from your creditors in the United States. You must work with an attorney to set up this trust properly and to make sure that you get the asset protection that you are looking for.


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