IAPT can be termed as a hybrid trust that amalgamates the advantages of a local revocable trust with the wealth and asset protection of an offshore trust at the times of subjective needs.
An IAPT is the ultimate asset protection tool for American clients. It allows you to maintain domestic status unless there is serious lawsuit which threatens to encumber financial assets in a judgment. At that time, the trust is then moved to an offshore jurisdiction where the US court system has no authority. The main features of IAPT are:
As long as it is business as usual, the living trust stays domiciled in the US, but if the time comes where it becomes necessary to protect your wealth, there is a discretionary mechanism that allows the already appointed foreign trustee to assume the managing trustee duties and the trust becomes managed offshore where it was previously registered. It creates a significant roadblock to any creditor as it means any litigation must take place in the home country where the trust is registered.
In many countries, a bond is required in order to file a lawsuit. By naming your existing living trust (or we can create one for you) as the beneficiary of the IAPT, this creates an additional layer of protection and allows your heirs to avoid probate upon your death. This can save your family time and money to sort your family’s affairs.
With methodical planning and inherent business acumen, Global Wealth Protection has developed international expertise that serves its clients for management of integrated and Domestic asset protection. This service renders comprehensive benefits to its domestic as well as international client-base.
Why Global Wealth Protection?
Global Wealth Protection, through its effective asset protection solutions, strives to understand their client’s financial portfolio and then offer subjective solutions to their every problem. Our IAPT services include:
Global Wealth Protection handles asset protection and enables wealth preservation in the most suitable way. Apart from offering subjective and customized financial solutions, we also save your wealth from internal attacks from lawyers, middlemen, mediators, liaison officer, attorneys etc. We work very hard to preserve our clients’ asset, their hard earned money.
So, what are you waiting for? Let us help you establish your IAPT today.
For more details, do not hesitate to contact us.
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