Offshore trusts have for many years been an essential element of successful tax planning. The basis for this is that a trust is a quite separate legal entity from the settlor, and the income and assets of the trust may therefore be excluded from an individual\'s estate for tax purposes.
A business trust is similar to a traditional trust in that its trustees are given legal title to the trust property to administer it for the advantage of its beneficiaries who hold equitable title to it.
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