The Panama Papers is a global investigation into the sprawling, secretive industry of offshore that the world’s rich and powerful use to hide assets and skirt rules by setting up front companies in far-flung jurisdictions.
The more we learn about world leaders and politicians hiding potentially ill-gotten gains is a big deal. These leaders are using power to funnel public money into their own offshore companies at the expense of their constituents.
But for those of us who honestly build our assets and want to preserve our wealth, it should be clear that it is not the use of offshore companies that is illegal. What is problematic is using those companies to hide assets.
That’s why Sollertis is such a big advocate of an asset-protection vehicle known as a Bridge Trust. A Bridge Trust combines the protections of an international trust with the simplicity and transparency of a domestic trust.
I invite you to learn more about this valuable tool here.