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Most CPA's, financial planners, securities dealers and tax attorneys are

  either unaware of this information, or are misinformed about it....

       Don't be kept in the dark.... Please read the article....


                          Why Not Go Offshore?

      Once the Advantages are Revealed, it's a Common Question...

                             by Ron Jenkins

Recently, our firm met with A client whom I shall call Smith. Smith is a
successful entrepreneur. He is in late middle age. He is beginning to
think about posterity and the best way to pass on his wealth to his wife
and family. Coincidentally, storm clouds are gathering on his horizon:
those of business-related litigation. They, together with his feelings
of mortality, are what brought Smith to our firm.

So we drew a diagram for him. The diagram depicted a hybrid company that
we proposed be set up in an offshore jurisdiction. We explained that the
hybrid company would enable Smith to achieve three key objectives: to
protect his wealth from pending litigation, to plan his estate, and to
provide some measure of confidentiality. Genuinely bewildered, Smith
asked, "Why doesn't everyone have one of these things?"

Smith is generally representative of the private clients we see in our
practice every day, and his reaction upon discovering the benefits of
going offshore is not in the least bit uncommon. He asked a good
question: Why aren't more American high-net-worth individuals (HNWIs)
situated offshore?

One of the main reasons is that many of them simply do not understand
the benefits. Here, then, are four of the most frequently cited offshore
advantages:

Asset Protection - It's almost trite to say that in the US, there's an
explosion of litigation. We're all at risk of being sued, but HNWIs are
especially vulnerable, for two reasons. First, HNWIs tend to perform
high-risk activities-healthcare, lawyering and business creation-that
expose them to personal liability. Second, each HNWI represents what's
known in the legal profession as a "deep pocket." By and large,
plaintiffs go to court because they want money, and HNWIs have a lot of
it. Insurance provides some protection, but every policy has limits, and
the increasingly complex rules governing insurance contracts can easily
be manipulated by insurance defense lawyers. Usually, HNWIs are able to
"judgment-proof" their assets by placing them offshore.

Privacy - Ours is an information-based economy. Information,
particularly financial data, is a highly prized commodity that's
regularly bought and sold. Consequently, it is becoming increasingly
difficult to maintain a low financial profile in the US. National credit
bureaus collect and sell personal financial information. The federal
government can access bank records, credit records, medical records,
currency exchange records and data concerning real estate transactions.
US banks record every check, draft or other instrument presented for
payment, and record the identities of all parties involved. In offshore
jurisdictions, financial information is much more secure.

St. Vincent and the Grenadines comprise arguably the most protective
offshore jurisdiction in the world. Their Confidential Relationships
Preservation (International Finance) Act 1996 states that "confidential
information may not be released under any circumstances where the
disclosure would further a tax-oriented investigation or prosecution by
a foreign government."

Tax Minimization - Why would anyone pay more tax than the law obliges?
There are many ways in which placing assets offshore can legitimately
minimize tax liability for HNWIs. For example, an entrepreneur wishing
to sell a highly ppreciated, closely held business based in the US will
pay steep capital gains taxes. However, with offshore planning, the sale
of the same US-based business can be accomplished without capital gains.

Or consider the case of a retired doctor who dictates that his assets be
held in trust for his heirs, but is concerned that taxes will erode the
value of the trust over time. By placing the trust offshore, the doctor
can ensure that the assets grow tax-free and that, ultimately, the trust
assets will be distributed to his heirs at dramatically reduced tax
rates.

New Investment Opportunities - Offshore, the more adventurous HNWI can
participate in exciting investment opportunities that are simply
unavailable at home. Offshore legislatures court inward investment by
providing a simplified and flexible legal framework. Freed of red tape,
creative businessmen have developed innovative commercial vehicles. In
Bermuda, for example, one can create bond-financed insurance companies,
in which the bond's value tracks the underlying performance of the
company.

Scott Lines, managing director of LOM, a company providing private
offshore wealth management, observes, "Sophisticated, wealthy Americans
are utilizing the offshore advantage to a greater and greater extent.
The confluence of asset protection, privacy, superior service, trust and
estate planning, and investment flexibility create an extremely strong
argument for having offshore assets." Indeed, for centuries, European
HNWIs have maximized their wealth through effective offshore planning.
By contrast, American HNWIs have been slow to appreciate the benefits of
going offshore.

At long last, this picture may finally be changing.

F. Ronald Jenkins Jr. is an American lawyer. He received his LL.M. in
Commercial Law from Cambridge University, his J.D. (with formal
concentrations in International Law and Business Regulation) from
Cornell University and his B.A. (with distinction) from the University
of Virginia.

To learn more regarding:

How to, Reduce business/personal taxes drastically
How to, Legally shelter all assets from all Taxes
How to, Increase cash flow substantially

Email me requesting "IGP AUDIO" or "IGP WEBSITE" in the subject line
to pma8@sympatico.ca

Philip T. Stopforth

                              Our Purpose
                  ************************************
                        Providing education and
                       leadership to elevate the
                         world's consciousness
                       toward individual freedom,
                     humanitarianism and prosperity.

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<center><b>Most CPA's, financial planners, securities dealers and tax attorneys
are</b>
<br><b>either unaware of this information, or are misinformed about it....</b>
<p><b>Don't be kept in the dark.... Please read the article....</b>
<br>&nbsp;
<p><b>Why Not Go Offshore?</b>
<p><b>Once the Advantages are Revealed, it's a Common Question...</b>
<p>by Ron Jenkins</center>

<p>Recently, our firm met with A client whom I shall call Smith. Smith
is a successful entrepreneur. He is in late middle age. He is beginning
to think about posterity and the best way to pass on his wealth to his
wife and family. Coincidentally, storm clouds are gathering on his horizon:
those of business-related litigation. They, together with his feelings
of mortality, are what brought Smith to our firm.
<p>So we drew a diagram for him. The diagram depicted a hybrid company
that we proposed be set up in an offshore jurisdiction. We explained that
the hybrid company would enable Smith to achieve three key objectives:
to protect his wealth from pending litigation, to plan his estate, and
to provide some measure of confidentiality. Genuinely bewildered, Smith
asked, <b>"Why doesn't everyone have one of these things?"</b>
<p>Smith is generally representative of the private clients we see in our
practice every day, and his reaction upon discovering the benefits of going
offshore is not in the least bit uncommon. He asked a good question: Why
aren't more American high-net-worth individuals (HNWIs) situated offshore?
<p>One of the main reasons is that many of them simply do not understand
the benefits. Here, then, are four of the most frequently cited offshore
advantages:
<p><b>Asset Protection </b>- It's almost trite to say that in the US, there's
an explosion of litigation. We're all at risk of being sued, but HNWIs
are especially vulnerable, for two reasons. First, HNWIs tend to perform
high-risk activities-healthcare, lawyering and business creation-that expose
them to personal liability. Second, each HNWI represents what's known in
the legal profession as a "deep pocket." By and large, plaintiffs go to
court because they want money, and HNWIs have a lot of it. Insurance provides
some protection, but every policy has limits, and the increasingly complex
rules governing insurance contracts can easily be manipulated by insurance
defense lawyers. Usually, HNWIs are able to<b> "judgment-proof" </b>their
assets by placing them offshore.
<p><b>Privacy -</b> Ours is an information-based economy. Information,
particularly financial data, is a highly prized commodity that's regularly
bought and sold. Consequently, it is becoming increasingly difficult to
maintain a low financial profile in the US. National credit bureaus collect
and sell personal financial information. The federal government can access
bank records, credit records, medical records, currency exchange records
and data concerning real estate transactions. US banks record every check,
draft or other instrument presented for payment, and record the identities
of all parties involved. <b>In offshore jurisdictions, financial information
is much more secure.</b>
<p>St. Vincent and the Grenadines comprise arguably the most protective
offshore jurisdiction in the world. Their Confidential Relationships Preservation
(International Finance) Act 1996 states that "confidential information
may not be released under any circumstances where the disclosure would
further a tax-oriented investigation or prosecution by a foreign government."
<p><b>Tax Minimization - Why would anyone pay more tax than the law obliges?</b>
<br>There are many ways in which placing assets offshore can legitimately
minimize tax liability for HNWIs. For example, an entrepreneur wishing
to sell a highly ppreciated, closely held business based in the US will
pay steep capital gains taxes. However, with offshore planning, the sale
of the same US-based business can be accomplished without capital gains.
<p>Or consider the case of a retired doctor who dictates that his assets
be held in trust for his heirs, but is concerned that taxes will erode
the value of the trust over time. By placing the trust offshore, the doctor
can ensure that the assets grow tax-free and that, ultimately, the trust
assets will be distributed to his heirs at dramatically reduced tax rates.
<p><b>New Investment Opportunities -</b> Offshore, the more adventurous
HNWI can participate in exciting investment opportunities that are simply
unavailable at home. Offshore legislatures court inward investment by providing
a simplified and flexible legal framework. Freed of red tape, creative
businessmen have developed innovative commercial vehicles. In Bermuda,
for example, one can create bond-financed insurance companies, in which
the bond's value tracks the underlying performance of the company.
<p>Scott Lines, managing director of LOM, a company providing private offshore
wealth management, observes, "Sophisticated, wealthy Americans are utilizing
the offshore advantage to a greater and greater extent. The confluence
of asset protection, privacy, superior service, trust and estate planning,
and investment flexibility create an extremely strong argument for having
offshore assets." Indeed, for centuries, European HNWIs have maximized
their wealth through effective offshore planning. By contrast, American
HNWIs have been slow to appreciate the benefits of going offshore.
<p>At long last, this picture may finally be changing.
<p>F. Ronald Jenkins Jr. is an American lawyer. He received his LL.M. in
Commercial Law from Cambridge University, his J.D. (with formal concentrations
in International Law and Business Regulation) from Cornell University and
his B.A. (with distinction) from the University of Virginia.
<p><b>To learn more regarding:</b>
<p><b>How to, Reduce business/personal taxes drastically</b>
<br><b>How to, Legally shelter all assets from all Taxes</b>
<br><b>How to, Increase cash flow substantially</b>
<p>Email me requesting <b>"IGP AUDIO" </b>or <b>"IGP WEBSITE"</b> in the
subject line
<br>to pma8@sympatico.ca
<p>Philip T. Stopforth
<center>
<p><b>Our Purpose</b>
<br>************************************
<br>Providing education and
<br>leadership to elevate the
<br>world's consciousness
<br>toward individual freedom,
<br>humanitarianism and prosperity.</center>
</html>

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