Offshore Trusts Discussion with Rocky Reidel & Leafy Legal!

[Jennifer Gligoric]

This week on Leafy, learn the steps to create an offshore trust! Rocky Reidel, is a business and international trade attorney out of Galveston, Texas. He tells us how to keep ownership and management of offshore trusts and the legal ins and outs of these foreign trusts. 

Rocky and the Leafy Legal Podcast team discuss which foreign entities cooperative most with the U.S., where reporting requirements for any assets have stricter laws and what qualifies as a domestic or overseas trust. 

One of our favorite quotes from our discussion with Rocky was when he state, "you can't have all of your eggs in one basket. If you want to maintain control of your assets, minimize taxes and pass your wealth down to the next generation, choose which goals are most important to you."

Tune in and listen as we go over the main reasons you would need an offshore trust (to pass on wealth, minimize taxes and control your assets) with Rocky. We learned great insight and would like to share it to anyone thinking about investing in foreign trust!

To listen to our latest educational podcast episode, click the link below!

https://podcasts.apple.com/us/podcast/leafy-podcast/id1479337690