10 Mistakes to Avoid When Working with Offshore Trust (On-Demand)

Course Description

Offshore Trusts have become more prevalent to practitioners over the years. Many have come across Offshore Asset Protection Trusts and/or Offshore Pre-Immigration Tax Planning Trusts. Both of these types of Offshore Trusts are very sophisticated and require special attention to detail in order to avoid serious mistakes when drafting and implementing the same.

Syllabus

1. 10 Mistakes to Avoid when using Offshore Trusts:
   1. Not Knowing All the Facts
   2. Not Understanding What “Irrevocable” Means
   3. Not Understanding the Specific Provisions of the Trust
   4. Not Properly Funding the Trust
   5. Not Doing Corporate Due Diligence
   6. Not Knowing Your Offshore Trustee
   7. Not Choosing the Proper Jurisdiction
   8. Not Understanding the U.S. Reporting Requirements
   9. Not Taking into Account Family Needs
   10. Not Considering a Change of Mind
2. Myths & Mistakes behind Panamanian Foundations:
   1. Panama foundation overview
   2. Benefits of a Panama Foundation
   3. Conventions of the Panama Foundation
   4. Uses for a Panama Foundation
   5. Panama Foundation Council
   6. U.S. Taxation of a Panama Foundation

Instructor

Lazaro J. Mur, Esq.