Puai Wichman, founder and CEO of Ora Partners in the Cook Islands, had his article titled 5 Myths and Misconceptions about Offshore Trusts Debunked published by Crain Currency.
Contrary to common misconceptions, offshore trusts offer unique benefits, stronger asset protection, enhanced privacy, and access to skilled professionals. Costs are outweighed by asset safeguarding, while legal frameworks mitigate risks. Offshore trusts are accessible and serve legitimate purposes for individuals and families at various financial levels.
The article provides compelling reasons why people should consider offshore trusts for their estate, tax, business and succession planning.
Link to full article here >> 5 myths and misconceptions about offshore trusts debunked