The steps involved in the formation of an overseas asset protection trust include the following. Implementation Manuals sent to estate lawyer, tax adviser and investment adviser.
Advisers review manuals, complete checklist, do solvency test.
Consultations may reveal opportunities to use tax-advantaged strategies. Oversight USA sends the Implementation Packet to the lead adviser as indicated on the application. The advisers complete the due diligence questionnaires and affidavits, write up changes that the lawyer would like to make to the standard trust to customize the agreement, and prepare a list of questions by the advisers and client. The advisers together consult by phone with the assigned international lawyer to clear up questions and any changes desired by the client's advisers. Maybe two telephone calls will be made.