October 29, 2001 By: Sharon Preston Website: http://www.need-to-know-finances.com To benefit from an offshore trust, you don't have to leave home Many Americans are not aware that they can use a Pure Trust Organization right here in the jurisdiction on the United States and receive the same benefits as an offshore trust. Most people are familiar with a statutory trust which is the usual structure that a lawyer/accountant would create, however a Pure Trust Organization is governed by common law for its existence and has some very specific benefits similar to an offshore trust. The first benefit is that there is no tax ID number required by the I.R.S, consequently there is no filing requirement. Similar to having an offshore trust, there is therefore no lax liability. More benefits of a Pure Trust Organization include: providing privacy, eliminating any probate or inheritance taxes. These trusts are established during the lifetime of the Creator, rather than at his/her death, therefore called an ‘intervivos or living' trust. These trusts can also help Americans sleep better at night because they protect your personal, family and business interests from lawsuits and financial disaster. It gives you, as Managing Director, complete control over the Trusts assets. Why go anywhere else when you can receive the same benefits of an offshore trust right here in the United States. Why leave home when you don't have to? Click here for more information on Offshore Trust or to choose from a variety of related products and services. About The Author: Sharon Preston is a successful author and publisher of http://www.need-to-know-finances.com.  A one stop resource featuring information, reviews and articles related to the offshore arena.

 

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