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Why Go Offshore
The principal reason of going Offshore is to place the asset outside of the jurisdiction of the United States court system. With this in mind, there are two necessary considerations with regard to going Offshore for Asset Protection Planning purposes.
The first consideration is whether you have enough liquid assets to move Offshore for protection and essentially setting up a nest egg. With a few exceptions, it does not make sense to go Offshore unless the individual involved has substantial liquid assets that can be placed Offshore because the U.S. Courts have jurisdiction over any assets within the US and can attack those assets. Accordingly, Offshore Planning usually requires some substantial liquidity that can be invested Offshore.
The second consideration for going Offshore is whether an individual has international connections such as family offshore, owning property internationally or having an offshore business. This is not a strict requirement, but does help to sustain the Offshore structure.
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