To Petro International Petro International is an executive level financial and management consulting firm that provides support to corporations, financial institutions and high net worth individuals World-Wide Financial Services Asset Protection

If you have $500,000 or more in liquid assets, an offshore asset protection plan is definitely worth considering.

Petro International Asset Protection Programs is the effort to protect your assets, preserving as much value as possible in the face of potential creditor attack.

LIVING TRUSTS
There has been a trend in recent years for individuals to avoid the expense and delay of probate by implementing their estate plans through what is usually referred to as a LIVING TRUST or funded revocable trust. Although this technique has been around for over a century, recent books and lectures on the subject have helped to popularize this useful estate planning tool.

HOW DOES IT WORK?
The LIVING TRUST is based on a very simple principle:
Under United States, and many European countries system of law, probate is necessary only when a person's assets stand in his name at the time of death. Once an individual has died, the only person who can transfer the decedent's assets is an executor or administrator acting under court order.
With a properly drafted and funded LIVING TRUST, however, the assets held in trust upon your death will not require the appointment of an executor, neither will the assets be subject to costly probate proceedings. Rather, your successor trustee can carry out your instructions regarding the distribution of your property following death without court interference.

One attractive feature of the LIVING TRUST is that you, as the creator (or "grantor") of the trust, have the power to amend or revoke the trust at any time during your lifetime. Thus, having a living trust does not require you to permanently part with use ownership or control of assets which you place in the trust.

If you choose to implement your estate plan through the use of a LIVING TRUST, you should, in most instances, transfer all of your property into the trust so that when you die, there are no assets in your name requiring probate administration. With a LIVING TRUST, the functions usually carried out by an executor (asset inventory, tax return filing, distribution of property to your beneficiaries or your trustee) will instead be performed by the trustee or successor trustee.

WHAT IS AN ASSET PROTECTION TRUST?
A trust is a fiduciary relationship that is created with respect to property or assets. It is a basic concept whereby one or more persons manage property or assets for the benefit of others. The person that creates the trust is known as the "Settlor" or "Grantor". The person who manages the Trust is known as the Trustee. The person or persons for whom the Trust is created are known as the Beneficiaries. An Asset Protection Trust is aptly named because a Settlor who transfers assets into a trust can by the design of the trust achieve a higher level of protection than other devices may offer.

HOW DOES AN ASSET PROTECTION TRUST OPERATE?
The Trust protects your assets because the funds placed in the Trust account are unavailable to persons who sue and may win a judgment against you. They are also unavailable to a court in the US to hold (freeze or encumber) while a lawsuit is pending but before there is any judgment rendered in the case.

For example, say you have $500,000 in a local bank. Assume you are sued and are ordered to pay a judgment of $250,000. Since you have control over the $500,000 and the funds are available, you would have to pay the $250,000 judgment. Your money is not protected.

Now, instead of keeping the funds in the local bank, you gift the $500,000 into an offshore Trust account. The transferred funds may be invested in either US or offshore investments probably similar to the type you currently hold.

Either way, this money 100% safe from a judgment, because you no longer own the $500,000, the Trust owns it. Essentially, you are placing your money into a foreign trust that is out of reach of potential creditors. By giving up the ownership of the assets, you are placing them beyond reach of a US or world-wide courts, who could order you to surrender them.

If you do not own them, or do not have signature authority over the accounts where the assets are deposited, it is impossible for you to comply with any US or world-wide courts order to surrender them. This is a perfectly legal position to take. (There is more to the concept than this quick summary, but the principle is clear.

We trust that we have clarified the intriguing world of Petro International Asset Protection Plan. We will be happy to answer any questions you may have, relating to this opportunity and provide you with additional details regarding any of these services.

The average person is frequently confused by the complexity of asset protection plan or international tax planning and discouraged by the substantial costs involved in registering a company or trust in a tax haven. The registration costs and ongoing yearly administration expenses frequently exceed what the average person could save in taxes.

Petro International has a new program to answer those concerns. We provide the simple, secure, private and low cost answer for the person who is just starting out or the veteran who now understands that simplicity is the essence of genius. Our survey has shown that this solution answers all of the needs for 100% of the persons seeking to form an Offshore Asset Protection Trust.

The program includes bearer shares so that complete anonymity is guaranteed, documentation and support services so that you can open a financial account under your complete control, where and when you wish, and flexibility so that you can change your financial affairs to reflect your future needs.

Please click here to explain us the full particulars of your situation and what you wish to accomplish. We will review your situation very carefully and offer to you a custom fitted solution. 95% of the time the solution will be simple to understand and 100% of the time it will be the least expensive alternative.

Please feel free to contact Petro International if you believe the creation of an Asset Protection Trust may be appropriate in your particular situation. Any communication with us is considered PRIVILEGED and CONFIDENTIAL.