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STEP 7:
Liquidation of Underlying Entity8

Note 8: If and when necessary, the foreign trustee has the power to implement a protective measure by which assets held in a jurisdiction in which a threat has developed can be removed from that jurisdiction and diversified into a safe location. Under this strategy the domestic trustee is fired by the foreign trustee and the foreign trustee liquidates the underlying entity. As a result of the liquidation, 99% of the assets held in the underlying entity are upstreamed to the IEPT and relocated by the foreign trustee.

Upon the particular threat dissipating, the foreign trustee can reappoint one or more domestic trustees and reestablish the underlying entity.

Seminars & Events:

April, 2017 - CELESQ
“An Asset Protection Planning Primer for Estate Planning, Tax and Creditors Rights Lawyers”
Live Web Cast
May 31 – June 1, 2017 - 

SOUTHPAC TRUST OFFSHORE PLANNING INSTITUTE CONFERENCE 2017, “Asset Protection in a Changing World” (31 May 2017) and “Questions & Answer Panel on Industry Challenges to Asset Protection Structures” (1 June 2017)
Las Vegas, Nevada

 

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Barry S. Engel
Email: info@engelreiman.com