Drafting Offshore TrustsDrafting Offshore Trusts
About 15 years ago, offshore asset protection trusts were a somewhat exotic product, offered by only a handful of attorneys in the United States. One Colorado firm experienced in offshore trusts even partnered with other firms and attorneys across the country, under a plan in which the Colorado firm would prepare and draft all offshore documents for the referring attorney's client and the referring
Alexander A. Bove, Jr., partner, The Law Firm of Bove & Langa, PC, Boston
About 15 years ago, offshore asset protection trusts were a somewhat exotic product, offered by only a handful of attorneys in the United States. One Colorado firm experienced in offshore trusts even partnered with other firms and attorneys across the country, under a plan in which the Colorado firm would prepare and draft all offshore documents for the referring attorney's client and the referring attorney would prepare the usual local documents; the fee would be shared according to a pre-arranged schedule. For many, the arrangement worked well.
As the field of asset protection planning grew, however, seminars and extensive new materials allowed the local lawyers to...
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