Customer Reviews

Protect Yourself From Prying Eyes: How to Form and Use Offshore Trusts

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As I said in my book, The Offshore Update, published by Eden Press:

Of all the financial experts who have demonstrated literary talent, Adam Starchild is perhaps the least appreciated. This is unfortunate because Starchild is not only a lucid writer -- he is also a credible and conscientious reporter working in an area that until recently has belonged in the same chapter of financial literature with Fort Knox, Howard Hughes, and the Gnomes of Switzerland.

Establishing a trust is often a useful method of centralizing control of your assets during your lifetime. You may wish to establish a trust for your heirs or for your own benefit. The method you select to pass your assets on to your heirs can make all the difference in your tax position.

Trusts are a means both of reducing tax liability and of simplifying inheritance. For those not familiar with the concept, a trust or a settlement, as it is sometimes known, may be defined as a document made between a person desiring to create a trust (settlor) and one or more persons or corporations willing to act as a trustee (the trustee) in which certain assets or property (the trust fund) are declared to be held for the benefit of certain third parties (the beneficiaries).

The procedure to establish an international trust is relatively easy.

Gee, I gotta say that I disagree with the other reviewers. I was expecting a LOT more from this book. Most of what I read is available for free on the web. That left about 4 pages that I could use. ( I'm glad for those 4 pages. ) But 218 pages of double spaced typeweritten text could probably be condsensed to 50 pages in regular type, subtract 30% fluff and filler (like personal recommendations for alternatives to trusts) leaves a very quick read. One afternoon should do it. I think its WAY overpriced. I don't need the 'free' newsletter, or the 'free' trust thats included. Caution is advised.

The developed countries continue to chip away at the individual's privacy. Using the usual guise of "money laundering," the OECD and FATF have attempted to blackmail foreign banks and tax havens into cooperating with their tax collecting agenda. At the expense of personal privacy, they will implement the one world society. Their initiative has been launched and will continue in the months ahead.

Adam Starchild's book is one of the best ways to personally escape rather than fight this trend.

With terrorism being the current excuse to freeze accounts of people who later turn out to be innocent, offshore asset protection becomes important to everyone - and perhaps more so if you are an immigrant with significant assets and living in the U.S.

What I really liked about this book was that it was direct and practical - and the publisher even provided a free offshore trust with an offshore brokerage account included. I didn't have to spend lots of time trying to pursue generic advice.

Many people who elect to become structured offshore do so because they feel persecuted by government, claim-minded litigants, and even investigative journalists. Often it is less an election than a matter of simple survival. In spite of assurances of fair trials and opportunities to be heard, assets are at risk if they remain in your home country or if you remain within the range of the agencies or individuals that would attack you. The natural law of envy provides that the greater your success, the greater the likelihood that you will become a target for several character types, each with a different agenda but all proximately motivated by the natural law. That is, the means and immediate goals of attackers may take different forms but at root, each is driven by the natural law of envy.

Unfortunately, it is impossible for anyone, including us, to live in this world without confronting such ugliness in some form or another. Cloaked in a thousand forms of self-righteous crusading and victim restitution, all efforts share a common goal of taking away your assets. For example, armies of IRS bureaucrats, working 40 hours a week in positions with little hope of advancement, are paid to audit you and simply cannot help but enjoy the prospect of acquainting you with financial adversity. They may not personally realize economic benefit from their work, but their gratification derives from knowing that at least you will not enjoy your former wealth.

This binder had 200 double spaced, single sided, huge printing pages for $145.

Total rip off