Dec 2, 2019
This week on Leafy, learn the steps to create an offshore trust. Rocky Reidel, a business and international trade attorney out of Galveston, Texas, tells us how to keep ownership and management of offshore trusts and the legal ins and outs of these foreign trusts. Rocky discusses which foreign entities cooperative most with the U.S., where reporting requirements for any assets have stricter laws and what qualifies as a domestic or overseas trust. Rocky goes over the main reasons you would need an offshore trust (to pass on wealth, minimize taxes and control your assets). Rocky has some great insight for anyone thinking about investing in foreign trusts.
For questions and to find out more about Rocky, visit https://www.reidellawfirm.com/