Anti-Duress Provision

Typical Duress Clause example 1. Freedom from Outside Interference The Settlor directs that this Settlement be administered consistent with its terms, free of judicial intervention and without order, approval, or other action of any court. To the extent any Person is granted the power hereunder to compel any act on the part of the Trustee, […]

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Spendthrift Clause Explained

What is a spend thrift clause or spendthrift provision?Today we’re talking about spendthrift clauses. They’re found in almost every trust ever done in the United States and in the English speaking world.What I’m going to talk about is what a spendthrift clause does, why they normally are irrelevant in traditional asset protection and how if […]

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Cuba Clause & Definition of Event of Duress

 Typical Cuba ClauseThis is an example of your typical Cuba Clause & Definition of Event of Duress in a asset protection trust.Change of Trustee and Situs of Administration (a) Notwithstanding any other provision contained in this Settlement, the Trustee, upon the happening of an Event of Duress in the jurisdiction where any Trustee or part […]

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Banking and Single Member Offshore LLC’s

Today, I’m going to be talking briefly about offshore single member LLCs. What are they used for? How do you form them? What does an agreement look like? I’m going to keep it simple and straightforward right now. What are single member LLC’s? Offshore single member LLCs are normally disregarded entities. You need to be […]

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Belize as an Asset Protection Jurisdiction

Belize, formerly British Honduras, officially promotes the establishment of offshore asset protection trusts. It gained its independence from the United Kingdom in 1981 and has a judicial system based on that of the United Kingdom. English is the principal language and the country allows unrestricted inflow and outflow of capital.68 As of 1992 Belize was […]

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