Havens

ALL OFFSHORE NEEDS
(A subsidiary of PSI International inc)
SAFEWAY PLAZA
MAPLE VALLEY HWY
MAPLE VALLEY, WA 98038

TEL: + 1-425-969-8174 FAX: + 1-320-213-5876
Email: info@alloffshoreneeds.co.uk

UK Clients can also call 0700 56 10352 or 07092 280074

THIS MONTHS SPECIAL OFFER

YOUR OWN UK NUMBER WORLDWIDE / NO DIVERSION COSTS EVER

Benefits

With your UK Number, you can:
• Manage the phone calls, voice messages, and faxes you receive every day ... free!
• Give your UK friends, clients and colleagues’ just ONE phone number, your UK44 Number. All your phone calls, voice messages, and faxes are channelled through this number.
• Always stay in touch by receiving your phone calls on any phone within the UK or 22 other countries.
• Use your UK44 Number as a business number - choose how and when you want to be contactable.
• Avoid the problem of changing office, home or mobile phone number - your UK44 Number will never change, and will direct calls to you, no matter where you are.
• You UK44 number can send messages – when you are unavailable - to your Spanish voicemail box e.g. Movistar, Amena, Airtel etc.
Click here to receive your free two-week trial! Sign Up Now!
More Questions?

Although UK44 provides a UK telephone number you'll find it useful even if you are not a UK resident.

How?
If you live in one of the 22 countries (including the United States, Australia, and most of Europe) to which we forward calls, you can use a UK44 Number to receive phone calls, voice messages, and faxes from your UK-based colleagues, clients and customers - at no cost to you.
You cannot, unfortunately, receive UK44 calls if you live in a country not yet on the approved countries list - but you can still receive voice messages and faxes.

Using a UK44 Number as your Virtual Office in the UK
A UK44 Number is the perfect solution if you are a business person who wants to have a "Virtual Office" in the UK:
• Have a UK-based telephone and fax number that can be used by your colleagues, suppliers, clients, customers, etc., in the UK.
• Establish a foothold in the UK - for free.
• Save on the expense of opening an office in the UK.
• Eliminate the need to pay for expensive call handling by a third party bureau.
• Ensure that you don't have to rely on a third party to act as your representative.
• When your UK contacts call your UK44 Number, they will speak directly to you.
UK44 Call Forwarding Countries
Where can I forward my calls?
You can forward your calls to almost any phone number in the UK, including Northern Ireland (with the exception of certain premium rate numbers.) You can also forward your calls to numbers in North America, Australia, Germany, and over twenty other countries, including most of Europe.
This is the current list of countries to which we can forward calls to your UK44 Number:

Australia Liechtenstein
Austria Luxembourg
Belgium Monaco
Canada Netherlands
Denmark New Zealand
France Norway
Germany Puerto Rico
Hong Kong Spain
Ireland Sweden
Italy Switzerland
Japan USA

UK44 Number - Cost Information

There are no call charges for using your UK44 Number.
What's the catch?
There is no catch and no hidden charges.
How can UK44 provide this service free of charge?
Because UK44 receive a percentage of the rate your caller pays to contact you on your UK44 Number.
How much does it cost to call a UK44 Number from within the UK?
From fixed-line home and business phones People calling a UK44 Number from a standard BT home or business phone are charged at the BT mobile rate of 37.5 pence per minute (ppm) at peak times, 25 ppm evenings and 12.5 ppm weekends.* This is the standard 'K' telecoms rate set by BT.

Dedicated Fax Numbers are charged at UK national rate which is 8p per minute or less at peak times the K rate band only applies to UK44 phone lines with international routing.

Where the callers use an alternative operator to make the call to a UK44 Number the call will be charged at that operator's rate for calls to K rate lines.
* Per second billing applies to calls to a UK44 Number where it is supported by the operator used to make the call.

From mobile phones

The cost of calling a UK44 Number from a mobile phone varies depending on the mobile operator the call is being made through.
.
How much does it cost to call a UK44 Number from a country other than the UK?
The international operator that delivers the call to the UK sets this cost of calling a UK44 Number from abroad. Typically, each country has a number of international operators each charging a different rate for the service they offer. The costs, therefore, vary with different operators. To determine the exact charges the caller will need to contact the international operator they intend to use to call your UK44 Number to ask the cost of a call to the UK. In most countries, the cost of calling a UK44 number is less than it is to call from inside the UK. For example at peak times to call a UK44 number from Spain is around half the price of calling from inside the UK, from America it is 25%!

How much does it cost to call a UK44 Number from an overseas mobile?
Calling a UK44 Number from an overseas mobile is the same as making a call to an ordinary phone number in the UK. The call is treated as an international call. The cost depends on the international rates of the telecommunication operator through which the call is being made (see above).
Can international roaming charges be avoided using UK44?
Yes, it is possible to avoid international roaming charges by using a UK44 Number. This can be achieved by forwarding your calls to a fixed line phone in the country you are visiting (e.g., in the local office of your company, in your hotel room, in a friend's house, etc.).
Alternatively, you can forward your UK44 Number to a mobile phone in the country or countries you are visiting (e.g., a friend's mobile or a business mobile from a loan pool).
However, roaming charges will be incurred in the normal way if a UK44 Number is forwarded to a UK mobile while that mobile is outside the UK.
If you travel abroad, UK44 recommends that you redirect your UK44 Number to a fixed line number in the country you are visiting. It will cost you nothing to receive such calls.

UK44 Number - Hints and Tips

• Planning to spend time in an area with bad mobile coverage? Don't miss any calls! Turn Call Forwarding OFF and receive all your calls as voice messages on your phones voicemail.
• Why not put your UK44 Number in your email signature so that everyone knows how to reach you!
• Use a UK44 Number for that extra anonymity and privacy.
• If you opt for a fax line, you can choose to receive your faxes as either TIFF or PDF files.
• Need to use a separate number for an advertising campaign? Sign up for a UK44 Number - it's the perfect way to manage the telephone response from your campaigns.
• Any of your friends going abroad in the near future? Sign them up for a UK44 Number and contact them almost anywhere in the world - without paying international rates.
• Are you a foreign-based company with a target market in the UK? Use your UK44 Number as your UK "Virtual Office".
• Are you going abroad? You can divert your UK44 Number to a landline or local mobile phone to avoid roaming costs on your mobile.
The system is very simple to use and no call charges or rental applies once the number is connected.

I am so convinced that the system will work well for you that I am even happy to let you try a UK number on divert to your home country free of charge for two weeks. If you decide to buy the number after this time, the cost is a once only charge of Ł150 or €228. I have outlined a few of the advantages below.

Just think how much of an advantage this would give you over other estate agents selling to English clients. You can even advertise the number as a UK office, we can also supply fax numbers on UK national rate codes or your divert number can be set up to divert calls and faxes.

The advantages of a UK number abroad.

 Once only connection charge
 No call charges, ever!
 All diversions are free
 Fax and phone numbers are available
 Live answering
 UK ringing tone continues until answered
 No limits on usage
 No annual fees or further charges, ever!
 Number has a standard UK +44 code
 UK Clients pay for a UK phone call
 Connection within 8 hours
 Clients will assume you have a UK office
 Free 2 week trial, no usage restrictions

To receive your free trial contact us either by phone or email: uk44@alloffshoreneeds.co.uk

Just remember, the trial is totally free with no obligation. Currently 78% of clients trying the number buy it at the end of the 2-week period.

________________________________________________

TRUSTS

FREQUENTLY ASKED QUESTIONS (FAQ'S) OR ALL YOU NEED TO KNOW ABOUT THE BELIZE BASED TRUSTS

Q - WHAT IS A TRUST AND WHEN DID IT BEGIN?
A - Originally developed in the English Courts in Medieval times. In essence a trust is an arrangement, an agreement whereby one person a "SETTLOR" causes a second person, "TRUSTEE", to become the legal owner of property which he holds for the benefit of a third person the, "BENEFICIARY". The Trust property may include anything which is capable of being transferred such as land, buildings, money, shares, bonds (including shares of offshore companies).

Q - WHY WOULD I WANT TO SET UP A TRUST IN AN OFFSHORE COUNTRY?
A. If you like the idea of having a Trust let me explain why another country could be advantageous to your financial well being. In the united States of America, there are so many UNCLEAR rules, statutes and codes that people believe are all laws. Everyone seems to believe in different ways when it comes to the laws of income tax reporting, citizenship and sovereignty, to name a few. This creates a host of problems for those of us that insist on living under Common Law as we do. Even though a Common Law Trust is written to be used as the basis of business dealings and ownership of assets, you may end up dealing with certain uneducated people anyway. This can cause you undue hardship and inconvenience. However, with an Offshore Trust if a problem arises, you simply notify the interested parties that they're dealing with an Offshore entity and that eliminates half of the problems they think exist. The other half of the problems will probably go away once they realize they'll have to hire a Belizean attorney to pursue it any further.

Q - WHY WOULD I WANT TO CHOOSE BELIZE OVER ANY OTHER COUNTRY?
A. The Belizean Law on Trusts, specifically called the Belize Trusts Act, 1992 is EXTREMELY CLEAR on what is allowed and what is not. It makes writing an Offshore Trust much more practical. It leaves very little room for uncertainty. In 1992, Belize rewrote their laws to be more clear, concise and above all, more in tune to what people are desiring of an Offshore entity. They have some of the most liberal laws I've seen for Offshore Trusts that give you so much more flexibility in what can be done. They are an English speaking country. They are actively seeking the offshore business, and rapidly becoming on of the best tax havens! Their confidentiality and privacy laws have been recently tested and the Belize courts have stood squarely behind them.

Q - HOW CLEAR IS THE BELIZEAN LAW ON TRUSTS?
A. The law of Belize is VERY CLEAR AND UNDERSTANDABLE in all facets of dealing with Trusts.

Q - ARE THERE ANY HIDDEN COSTS THAT I WILL INCUR IN SETTLING AN OFFSHORE TRUST IN BELIZE?
A. No! The only additional cost is a nominal annual maintenance fee paid to the Trustee and any fees relating to the services of outside parties you may utilize e.g. banks, accountants etc.

Q - WHAT IS MEANT BY AN "EXEMPT" TRUST?
A. It simply means that you are not taxed by Belize on the income that the Trust earns. The Trust is not taxed on capital gains nor is any duty charged on any estate through the Trust.

Q - WHAT DETERMINES AN "EXEMPT" TRUST?
A. The SETTLOR, PROTECTOR and BENEFICIARY may not be resident of Belize, any portion of any calendar year, in order to remain an exempt Trust.

Q - HOW SAFE IS AN OFFSHORE TRUST?
A. The risk you take with any Offshore Trust is that the country is going to remain stable enough for you to maintain constant access to your account. Because Belize has a stable economy and was founded on English Common Law, its biggest advantage is its clarity in the system of developed law. As a former British Crown Colony, they adopted the Common Law of England and thereby inherited what some believe to be the greatest and most distinctive achievement performed by Englishmen in the field of jurisprudence, which is the most outstanding creation of equity, the Trust.

Q - HOW PRIVATE ARE THE RECORDS?
A. Think about it. The records are extremely private and confidential and protected by the laws of Belize. If anyone wants to pursue the Trust with a lawsuit, they'd have to rely on information being available in Belize. They would have to track down the Trustee of the Trust, wherever they may be and pursue in the courts of Belize and subject to the laws of Belize. The jurisdiction may be moved by the Trustee and the Protector to further confuse the issue.

Q - DO I NEED A TRUSTEE FROM BELIZE?
A. No, that is not necessary. Under the terms of this Trust, a resident of Belize is not necessary to perform the role of the TRUSTEE. The TRUSTEE can be resident of any other country in the world.

Q - DOES THE DEATH OF ANY PERSON AFFECT THE TAXES OF THE TRUST?
A. No! The Trust is not liable for any estate, inheritance, succession or gift tax or duty by reason of any death in a calendar year.

Q - IS THERE A NEED FOR ME TO OBTAIN AN AGENT IN BELIZE?
A. No.

Q - WHO HAS A VESTED INTEREST IN THE TRUST FUNDS?
A. Only the TRUSTEES, not individually, but collectively as the Board of Trustees.

Q - CAN THE TRUST BE IN EXISTENCE FOR MORE THAN 120 YEARS?
A. No. 120 years is the limit. It can be established for a shorter period of time but the maximum is 120 years, with no exceptions.

Q - HOW DO I GAIN CONTROL OF THE TRUST?
A. You should not be in control, that is what makes a trust vulnerable. You should only use the "Letter of Wishes" to your Trustee.

Q - IS THIS AN IRREVOCABLE OR REVOCABLE TRUST?
A. This is an IRREVOCABLE Trust, meaning that the SETTLOR can not change his mind and take control over his property again or withdraw the terms of the contractual agreement between him and the TRUSTEE.

Q - IS THIS TRUST THE SAME AS A PURE TRUST THAT WE WOULD FIND IN THE U.S.?
A. No, this can not be compared to the Pure Trust offered in the U.S. because Belizean Laws are written differently and they purposely address new issues that are of concern to modern business persons. Belizean Law was completely revised in 1992 for the specific purpose of attracting new Trust business that would satisfy those modern requests and situations.

Q - WHAT IS THE JURISDICTIONAL LAW OF THE TRUST?
A. The jurisdictional law of the Trust is the Trust Act of Belize, 1992.

Q - WHAT IS MEANT BY A "SPENDTHRIFT" OR "PROTECTIVE" TRUST?
A. In the event that the BENEFICIARY becomes insolvent or any part of his property becomes liable to seizure or sequestration for the benefit of his creditors, the Trust has the right to minimize the BENEFICIARY's interest in Trust funds to a degree necessary to prevent such action from hindering the smooth operation of the Trust. It is designed to protect the BENEFICIARY against his own incompetence or inability to properly handle money or property.

Q - HOW MUCH CAN THE TRUST PAY FOR MY EXPENSES?
A. There's really no limit, within reason. Just don't be silly about it and expect the Trust to pay out more than it receives each month or more than it is worth, etc. It has to be workable.

Q - HOW PROPRIETARY IS THIS INFORMATION IN THE TRUST DOCUMENT?
A. The information contained in the Trust Minutes is VERY CONFIDENTIAL AND PRIVATE! The TRUSTEE is NOT allowed to disclose this information to outsiders without just cause.

Q - HOW IS THE "INTEREST" OF A BENEFICIARY CLASSIFIED AND DEALT WITH?
A. The "interest" is classified as "personal property" and can be sold, traded, charged, or otherwise dealt with in any manner whatsoever.

Q - WHO MAY BE THE SETTLOR?
A. Any person who has, under the law of Belize, the capacity to own and transfer property may be the SETTLOR of the Trust. The SETTLOR may also be the TRUSTEE, BENEFICIARY or PROTECTOR, although this is not recommended.

Q - DOES THE SETTLOR HAVE TO LIVE IN BELIZE?
A. No. The SETTLOR cannot be a resident of Belize to comply with the "exempt" ruling.

Q - WHAT ARE THE SETTLOR'S DUTIES ONCE THE TRUST IS FORMED?
A. The SETTLOR's position is this: He is the person who initially wants to settle the Trust. He contracts with the TRUSTEE to accept his initial contribution of money into the Trust. After that, the SETTLOR steps out of the picture. He no longer has any active management duties or ties to the Trust funds.

Q - WHO MAY BE THE TRUSTEE?
A. Any person, who has, under the law of Belize, the capacity to own and transfer property, may be the TRUSTEE of the Trust. The TRUSTEE may also be a corporate or artificial entity. The TRUSTEE may also be the SETTLOR, BENEFICIARY or PROTECTOR.

Q - WHAT ARE THE TRUSTEE'S DUTIES ONCE THE TRUST IS FORMED?
A. Once the Trust if formed, the TRUSTEE has the daily duty of maintaining the Minutes concerning any activity of the Trust. If the Trust decides to purchase or sell some of its assets; these things must be recorded in the Minutes of the Trust. If the TRUSTEE should so choose, he may decide to delegate some of the day-to-day operations of maintaining the Trust to another person called the General Director or the General Trust Manager. If no other person is appointed, the TRUSTEE retains those duties.

Q - IS THE TRUSTEE LIABLE FOR ANY MISTAKES OR BAD JUDGMENTS OF THE TRUST FUNDS?
A. No, not really. As long as the TRUSTEE can show reasonable care in selecting his options and making decisions, he is not personally responsible to the Trust for any shortcomings from those bad judgments.

Q - WHAT IS THE MINIMUM AND MAXIMUM NUMBER OF TRUSTEES ALLOWED?
A. At least one (1) and not more than four (4) TRUSTEES.

Q - WHO MAY BE THE BENEFICIARY?
A. A BENEFICIARY may be identified by name or by reference to a relationship to some other person, whether living or not at the time of creation of the Trust. A BENEFICIARY may also be a certain "class" of individuals. A BENEFICIARY may also be the SETTLOR, TRUSTEE OR PROTECTOR; although this is not recommended.

Q - DOES THE BENEFICIARY HAVE TO LIVE IN BELIZE?
A. No, in fact, the BENEFICIARY cannot live in Belize.

Q - WHAT IS THE BENEFICIARY'S OBLIGATIONS OR RIGHTS ONCE THE TRUST IS FORMED?
A. Since the Trust assets are not yet vested in the BENEFICIARY, he has no voice in the management or the day-to-day operations of the Trust. This is also because of it being a "spendthrift" type of Trust, which is designed to protect the BENEFICIARY more than a normal type of Trust. The BENEFICIARY does, however, have "Interest Bearer Shares" that can be traded, put up as collateral, sold, or dealt with in any manner whatsoever. This does give the BENEFICIARY some present benefit of being a BENEFICIARY.

Q - CAN A BENEFICIARY BE REPLACED ONCE APPOINTED?
A. Yes. The TRUSTEE reserves the right to replace or appoint additional BENEFICIARIES at will. Most offshore Trusts have this stipulation that people are not aware of. The Protector may also perform this function.

Q - ARE THERE ANY ADDITIONAL RIGHTS OR POWERS DUE A SHAREHOLDER?
A. The BENEFICIARY may give to the TRUSTEE, a letter of wishes with regard to the exercise of any functions conferred on the TRUSTEE by the terms of the Trust. But remember the TRUSTEE does not have to respect those wishes and will not be accountable in any way for his failure or refusal to do so. Without the BENEFICIARIES being vested of Trust assets, they have no further obligations or powers until such time as the assets are distributed.

Q -WHAT HAPPENS TO THE BENEFICIARY's RIGHTS UPON HIS DEATH?
A. Any rights bestowed upon the BENEFICIARY because of his holding any Interest Bearer Shares, will terminate upon his death unless a "Transfer Of Beneficial Interest Upon Death" form is on file with the Board of Trustees.

Q - WHO IS THE PROTECTOR?
A. Richard Klaus Antenbach is the PROTECTOR of the Trust.

Q - WHAT IS THE FUNCTION OF THE PROTECTOR AFTER THE TRUST IS FORMED?
A. The PROTECTOR's job is to watch over the TRUSTEE and make sure they perform their role as per the wishes of the SETTLOR. The PROTECTOR has the power to remove and/or appoint a new or additional TRUSTEE. The PROTECTOR may also be the SETTLOR, TRUSTEE or the BENEFICIARY.

Q - CAN THE PROTECTOR FIRE A TRUSTEE FOR NO REASON?
A. Yes. The PROTECTOR can get rid of a TRUSTEE if this becomes advisable.

Q - DOES THE PROTECTOR HAVE TO LIVE IN BELIZE?
A. No. In fact, the PROTECTOR cannot live in Belize in order to satisfy the requirement of being an "exempt" Trust.

Q - CAN ANY OF THE OFFICERS HOLD MORE THAN ONE POSITION IN THE TRUST STRUCTURE?
A. Yes, as noted above, all the positions: SETTLOR, TRUSTEE, BENEFICIARY and PROTECTOR can be held by one (1) person or entity.

Q - CAN AN OFFICER RECEIVE COMPENSATION FOR MORE THAN ONE POSITION?
A. Yes, the Trust Indenture allows for remuneration for a Trust officer holding more than one position within the structure.

Q - BECAUSE CERTAIN TRUST OFFICERS ARE VESTED OF THE INTEREST OF THE TRUST ASSETS, DOES THAT MAKE THE TRUST ASSETS A PART OF THEIR INDIVIDUAL ESTATE?
A. No! Under no circumstances are the assets of the Trust Estate to be included in the estate of the Trust officers, individually or separately.

Q - IF A TRUSTEE BECOMES INSOLVENT OR HIS PROPERTY IS LIABLE TO DISTRAINT, SEIZURE OR SIMILAR ACTION, CAN THE CREDITORS ATTACH TRUST ASSETS?
A. Absolutely not! The Trust is a distinct and separate entity, apart from the TRUSTEE's personal estate.

Q - CAN A MULTI-LAYERED STRUCTURE BE SET UP WITH A BELIZEAN TRUST?
A. Absolutely! There are numerous ways to establish a multi- layered structure. The easiest is setting up a second Trust as the BENEFICIARY of the first Trust. Then setting up a third Trust as the BENEFICIARY of the second Trust. You can have one umbrella Trust having multiple subsidiaries off of that or have one of the Trusts be an underlying umbrella by being the BENEFICIARY of multiple brother-sister Trusts. Everybody has his or her own preferences.

Q - CAN THE BENEFICIARIES FORCE A TRUST TO TERMINATE AND DISTRIBUTE THE FUNDS?
A. Normally they could, under a Belizean Trust. But since we wanted the TRUSTEE to remain in total control, we elected to write this as a "spendthrift/protective" Trust that excludes the ability of the BENEFICIARIES to take control with a majority vote.

Q - WE ALREADY ESTABLISHED THAT THE TRUSTEE DOES NOT HAVE TO HONOR A LETTER OF WISHES FROM THE BENEFICIARIES. DOES THE TRUSTEE HAVE TO HONOR A LETTER OF WISHES FROM THE SETTLOR?
A. Again, no. The TRUSTEE has total control of the Trust Estate and does not have to report or justify to anyone, his actions, so long as he does not endanger his fiduciary relationship he has with the BENEFICIARIES.

Q - CAN I GET A CREDIT CARD TO USE IN MY OWN COUNTRY TO DRAW UPON THAT TRUST ACCOUNT?
A. Yes, we have connections that will allow you to set up a debit card account whereby you can transfer funds from the trust to the account and draw upon it throughout the month.

Q - IF I START WITH U.S. $1,000 IN MY ACCOUNT, WHAT WILL MY LIMIT BE FOR SPENDING?
A. You will start with a drawable balance of U.S. $500. That's the most lenient ratio we've seen so far. You may deposit in advance in this account and convert card into a debit card. Additional funds transferred to the card will allow additional spending.

Q - DOES THE TRUST NEED AN EIN OR A TIN TO OPEN THIS ACCOUNT IN IT'S NAME?
A. No. There is no identifying information necessary.

Q - HOW SAFE ARE THE FUNDS IN THE BANK?
A. Belize's economy is quite stable and we do not foresee any problems with their monetary system or we wouldn't be establishing this program at this time. We've looked at a number of Offshore countries and we are confident in having chosen Belize as our first choice.

Q - DO I STILL MAINTAIN CONTROL OVER MY FUNDS?
A. Yes, and no! Your Trustee has control! Your access is through a "Letter of Wishes."

Q - WHO HAS ACCESS TO THE TRUST FUNDS?
A. Only the TRUSTEE of that Trust will have access to the funds.

Q - FOR WHAT REASON WOULD I WANT TO "REGISTER" MY TRUST IN BELIZE?
A. I really don't know why someone would go through the trouble of establishing a private relationship through a Trust, settled in a foreign country, and then go ahead and register it with that government if they didn't have to. You may have different thoughts on this though. You have a choice.

Q - CAN I CONDUCT BUSINESS IN THE COUNTRY OF BELIZE UNDER THIS TRUST AGREEMENT?
A. No, you cannot conduct business with a Belizean resident nor may the Trust own any Belizean real property under the Trust name. There are, however, several ways to get around that by using what is known as a "flushing method" to pass funds to anyone at anytime. You really should discuss this with the Trustee.

Q - WHAT IS THE EASIEST WAY TO TRANSFER A HOUSE INTO THE TRUST?
A. The easiest way is to use something similar to a "Quit-Claim" deed. This relinquishes your ownership in the real property but does not remove your obligation to the "note" in which you promised to pay the entire balance. As long as the payments are still being paid, the Mortgage Company should not call the note due.

Q - WHAT IS THE EASIEST WAY TO TRANSFER AN AUTOMOBILE INTO THE NAME OF THE TRUST?
A. One of the easiest ways to avoid the minimum tax on the transfer of the title is to contact DVLA or your local equivalent eg. Verkehrs Amt in Germany, Tag office in the USA etc and change the name on the Registration documents. In some countries you need to add the trusts name then, you wait about 30 days and go back down and pay the fee again to "remove" your name from the title, thus leaving only the Trust name on it.

Q - HOW DO I TRANSFER PERSONAL GOODS AND HOUSEHOLD FURNISHINGS?
A. Simply use a "Bill of Sale" form. It clearly states a value and date that the transfer was made. It is made a part of the Trust documents and Minutes, which become a part of the permanent record of the Trust activities.

Q - AS FOR BUSINESS TACTICS AND STRATEGIES, HOW CAN THIS BELIZE TRUST HELP ME?
TRUSTEE can borrow funds in the name of the Trust.
TRUSTEE and BENEFICIARY can borrow from the Trust.
TRUSTEE can designate third parties to hold funds in their name if necessary.
TRUSTEE can hire outside agents, etc. without previous permission.
TRUSTEE can use Trust funds to buy anything he feels is necessary, including real property and the improvements thereon.
TRUSTEE can make interest-free loans to people including the BENEFICIARY.
TRUSTEE can provide Trust property (i.e. real property) rent-free to persons if necessary.
TRUSTEE does not have to honor "letter of wishes" from either the SETTLOR or the BENEFICIARY, but he may do so.
TRUSTEE may distribute Trust funds to any one Beneficiary as necessary.
Anyone loaning or advancing funds to the Trust is not obliged to see the application thereof.
BOTTOM LINE: TRUSTEE has ALL the BENEFITS and NONE of the LIABILITIES. He has full discretion as long as he does not jeopardize his fiduciary relationship to the BENEFICIARY.

IMPORTANT: This newsletter is continued in Autumn 2002 Part II just click on the link below.

An finally don´t forget if you know of a usefull service or product for our readers email us the website address at newlinks@alloffshoreneeds.co.uk and we will add it next month.

ALL OFFSHORE NEEDS

The specialists in offshore services and products

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