Offshore trusts not just for tax cheats
Trusts, and particularly offshore trusts, seem to have a, perhaps undeserved, reputation synonymous with tax avoidance.
Although the foundation is, legally and technically, a different animal to a trust and more common in civil law jurisdictions, the rationale for their establishment is often similar for those who settle trusts. To read more on why establishing a foundation is not necessarily aimed at cheating the tax man, head to Spear's Wealth Management Magazine.
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