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Old 02-23-2005, 06:03 PM
Sovereigneer
 
Posts: n/a
Hello my fellow Sovereign-minded friends!

This is my first post and I'd like to first of all say I'm very excited to have found this forum/site. I look forward to educating myself here and hopefully can add something positive to the discussions.

I would like to comment on the strategy of the offshore trust, in particular the Offshore Foreign Grantor Trust. I found a website that advocates, among its various asset protection strategies, an offshore FGT. You can PM me for the site for now. I'll post it if someone says its ok...some forums consider it spam. They do have a referral program, but I'm not a customer yet...so...anyway...

The parts of their strategy I really like are the fact that they utilize separate offshore locations in their setup. One country for the Trust itself, a different one for the Trustees, and yet another one for the bank accounts. In my thinking, this type of setup would be the ULTIMATE offshore toolkit... I think this type of setup would be extremely difficult to tamper with from a govermental agency standpoint...

Also, another issue is the nature of an FGT itself... It is my understanding that an FGT setup would also give you the peace of mind that would allow you to avoid actually lying to your goverment about your participation in the trust as far as reporting requirements. I don't know the ins/outs of the legalities involved enough to further explain this point, maybe someone here can confirm/deny?

Glad to be a new student here!! Thanks!!
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