6 Lesssons From The ICIJ Report On Offshore Trust Abuse Asset protection law firm of Donlevy-Rosen & Rosen identifies important take-aways from the report
MIAMI, April 10, 2013 /PRNewswire-iReach/ -- A recent report by the International Consortium of Investigative Journalists (ICIJ) sheds new light on those who abuse offshore trusts and financial intermediaries.
The law firm of Donlevy-Rosen & Rosen has identified six important lessons for practitioners and consumers that can be taken from the abuses of offshore structures identified in the ICIJ report.
Those opposed to Americans' using of offshore jurisdictions cite the report as a reason for limiting access to the planning. These arguments, however, rest on fundamental misunderstandings of international trust law. Donlevy-Rosen & Rosen's article points out that effective asset protection planning for US persons involves the use of favorable international law, reputable institutions, and the reporting of offshore structures and accounts to the Internal Revenue Service.
The full article can be found at http://trustne.ws/7m7ln.
Consumers and practitioners seeking a way to effectively protect assets from potential creditors should contact the law firm of Donlevy-Rosen & Rosen, P.A. at (888) 412-8844.
About Donlevy-Rosen & Rosen, P.A.
Donlevy-Rosen & Rosen, P.A. is law firm with a national practice focused on asset protection planning and offshore trusts. Attorneys Howard Rosen and Patricia Donlevy-Rosen co-founded the firm in 1991, and have since become recognized authorities in the field of asset protection planning. On the web: http://protectyou.com.
Sam Phillips Donlevy-Rosen & Rosen, P.A., 305-447-0061, firstname.lastname@example.org
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SOURCE Donlevy-Rosen & Rosen, P.A.