International Asset Protection Trust (IAPT)

“The Low Profiler”

Benefits to You:

A “Low Profiler” Trust may be a prudent if:

• You do not want to spend time and money filing IRS Trust reports but do understand that all IAPTs (including the Low Profiler) are tax-neutral and it's income must be reported.
• You are concerned that filing reports will raise your profile with the IRS.
• You fear that creditors, business competitors or divorcing spouses will discover the filings.
• You want no trace of your Trust to be publicly available, at least until after litigation occurs.

Benefits:

The “Low Profiler” is an IAPT. It has all the advantages of being International, yet it is exempt from filing Forms 3520 and 3520A. 

Features:

• A Domestic Protector
• A Domestic Trustee and a Foreign Trustee
• A Letter of Wishes, and
• Specialized Asset Protective Drafting.

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The Technique:

• Pursuant to Treasury Regulation 301.7701-7 , we create a Trust with a Domestic Protector, a Domestic Trustee and a Foreign Trustee.
  • The Foreign Trustee is designated the “Custodial Trustee”, handling “custodial” task and subservient to the Managing Trustee.
  • The Domestic Trustee is designated the Managing Trustee and handles the control functions As such the trust meets the IRS "court and control" test and you do not have to file reporting forms 3520 and 3520-A.

How the “Low Profiler” works:

• If an Event of Duress occurs (e.g. a lawsuit), the trustee in the non-Event Of Duress country is given the power in his discretion to terminate the Trustee resident in the Event Of Duress country, Provided the Domestic Protector does not negate his decision.

• The Domestic Protector has the right to veto the Foreign Trustee, therefore all Substantial Decisions are made in the U.S.  By having U.S. people control, the Trust passes the "Court and Control Test" and for IRS reporting purposes the Trust is deemed a domestic trust.

• If an Event of Duress occurs in the U.S. the Foreign Trustee fires the Domestic Trustee and if the U.S. Protector does not negate that action the trust is now foreign.

Our Services:

We:

• Create the International Trust
• Draft to comply with Treasury Regulation Section 301.7701-7
• Write specialized drafting to create the positions of Custodial and Managing Trustee
• Document the Appointment and Acceptance of the Foreign Custodial Trustee
• Hire a Foreign Trustee (Custodial Trustee)
• Hire a Domestic Trustee (Managing Trustee)
• Send a letter to your accountant re IRS FORMS 3520 and 3520A and the new Treasury reporting form.

Additionally, We:

• Complete all Paperwork
• File all Documents
• Document the Appointment and Acceptance of the Foreign Trustee and the Domestic Trustee
• Create the Appointment and Acceptance of the U.S. Managing Trustee documentation 
• Assist you with the required Trustee Due Diligence Documentation
• Create the Appointment and Acceptance of Protector documentation
• Obtain for you the Trust's Certificate of Filing

Trustee Fees: You pay annually all fees of the trust company or you select.

Government fees: You pay annually fees of the jurisdiction you select.

The Cost:

Initial Set-Up and First Year:

• Please call to discuss your situation.     Prices start as low as $14,900

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With our Free Consultation you have nothing to lose … Don’t delay and become a victim! Call 1.800.800.9191 right now!