Trusts and Tax Optimization - What Tax Collectors DON'T Want YOU to Know

Trusts are one of the commonly used vehicles for tax planning and optimization, especially among the high net worth individuals.
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But they are covered in a veil of mystery, and there are lots of misconceptions about them.
Are they a company? A will? Or something entirely else?
How can trusts be used for tax planning?
Today we are covering some very important points about this useful tool for tax optimization, but also for wealth preservation.
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Introducing Michael Rosmer, the true modern-day Renaissance man and international entrepreneur, who has been mentored under top international tax attorneys.
He is widely regarded as the foremost international tax expert for legal cross-border tax planning, with extensive experience in immigration, residency, and second citizenship for those seeking a plan B, asset protection, global offshore banking, and payment processing.
Michael leads a team of lawyers and accountants who are top experts in their respective fields. This multi-lingual, multi-national team has worked with digital nomads, entrepreneurs, and investors from 62 countries, providing practical real-world multi-dimensional solutions for their clients.
At Offshore Citizen we understand that each individual's situation is unique. Unlike most industry service providers, we do not push any particular country or solution. Instead, we analyze your individual situation and custom-tailor the best countries and strategies for you, drawing on every part of the globe.
With Offshore Citizen, you can rest assured that you are in the hands of professionals who have your best interests at heart. Let us guide you through the complex world of international tax planning, immigration, residency, and second citizenship.
Contact Michael today for a personalized consultation and take the first step towards securing your financial future.
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Get personalized advice about tax, asset protection, offshore banking, residency, and citizenships.
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[@I_am_ka]

Indeed! Trust, NFFE's, Foundations are the best SPV's used. Like Foreign-Non Grantor + Directed for Trust, Unincorporated for Foundations etc. The 3 can fortify eachother as well. Boxes in boxes upstreaming to the top

[@tiomoidofangle102]

These are things that very much need to be said and understood.

[@dandel2]

Slight correction. In Australia: a trust company is a seperate legal device to a trust with a trustee company arrangement. Australia has both.

[@lawrencehalpin6611]

I thought we were going to learn more. Kind regards.

[@posumagic]

TY for your vids. Would you please make a video on advice you’d give someone / small family escaping DV, ie how to relocate to another country safely quietly and quickly maybe change name assume had the money for new start safe away from danger or other threat model. You could help many with your unique expertise🙏🏼

[@4ivar]

Interesting! Never knew about this. I thought trusts were like a company

[@jlp0]

I heard that one can avoid capital gains tax on stocks by using an IBC (international business company). You set up an IBC in a tax-free country, have the IBC open a brokerage account and transfer your personal stocks to the IBC’s brokerage account. Then when your IBC trades the stocks and realizes capital gains, it’s not taxed in that foreign country. You don’t even have to live in that foreign. Is this possible or is this just wishful thinking?

[@gregbrothers7094]

How much $ needed to set up a trust in your point of view?

[@blyat7276]

It depends on the complexity of your situation but you would need at least 30-40k$ to start a cook islands trust. Annually it could cost you close to 7-10k$ to keep it running

[@znapgaming3485]

$$$$$

[@Valerian_007]

Great information! What would you say is the best places to live for someone looking to build wealth in the stock market through a holding company structure?

[@MadOldMan-ck5wq]

California has the best weather

[@aayush-ex8nx]

Hey for a startup owner what are options except usa for better regulations and all since usa has already developed ecosystem.Pls name some? Also btw love ur videos

[@plizak]

U.K. is a great place for a startup. Funding is eased by the SEIS/EIS tax relief scheme and London has a strong entrepreneurial ecosystem. Probably the third biggest behind California and New York.

[@nonameanon9368]

Trusts lol no thanks 1) All kinds of reoccurring "Fees" 2) Complex and convoluted language 3) Putting yourself at risk of possible misappropriation of funds I can go on and on lol

[@NoComplience]

So what’s ur alternative

[@pjuliano9000]

How much warrants having one? 3 million, 5 million, 10 million ....etc.

[@300rivers4]

Anything you want to keep from the probate court (u.s.)