Article on Domestic & Offshore Trust Accounts

Matthew Russo published an Article entitled, Asset Protection: An Analysis of Domestic and Offshore Trust Accounts, 23 Mich. St. Int’l L. Rev. 265 (2015). Provided below is an abstract of the Article:

The focus of this article is to provide an analysis of domestic and offshore trust accounts, including their similarities, differences, benefits, and disadvantages. Because clients seeking trusts come to attorneys at many different stages in their financial lives, it is important to consider the relevant factors that go into determining which trust is better suited for the particular client. This article will present a detailed background on relevant case law, statutes, and other secondary sources that discuss domestic and offshore asset protection trust accounts. Examples of domestic and offshore asset protection trusts will be explained and analyzed. Thereafter, this article will offer a determination on which trust would be better for a client in a given set of circumstances.