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Overview of the Delaware Trust (699 words) |
 | The significant benefits available under the Delaware law must be understood in the context of the prevailing U.S. law and the asset protection strategies which are currently available. |
| An individual establishing a trust in one of these jurisdictions can be a beneficiary of the trust and all of the assets will still be protected by law from any potential claim. |
| Because of these progressive laws and the desire to accomplish asset protection goals the popularity of the offshore asset protection trust has grown significantly within the past few years. |
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Trust law - Wikipedia, the free encyclopedia (5577 words) |
| Strictly speaking, an offshore trust is a trust which is resident in any jurisdiction other than that in which the settlor is resident. |
| A resulting trust is the form of implied trust which occurs where a trust fails, wholly or in part, as a result of which the settlor becomes entitled to the assets. |
| The term "grantor trust" also has a special meaning in tax law: a trust in which the Federal income tax consequences of the trust's investment activities are entirely the responsibility of the settlor or another individual who has unfettered power to take out all the assets. |
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