Offshore trusts can be established to provide a legitimate means for:

• Taxation Planning. Trusts can offer taxation benefits in certain circumstances. This is based on the management and control of assets being transfered from the settler to the trustees who are resident in a no tax or low tax centre.
• Family Succession Planning. A trust can hold family assets or assets of the settler for the benefit of future generations.
• Protection of Assets. A trust can be used to hold assets with a view to protecting them from, for example, spendthrift heirs.
• Protection from Crediors. A trust can be used to protect the assets of a settler against the claims of future and unknown creditors
• Protection from Forced Heirs. A trust can offer settlers the opportunity to protect assets from the claims of heirs who have an entitlement to assets on the death of the settler.
• A trust can be a very confidential arrangement and some centres have Statutory Confidentiality provisions making it a criminal offence for a trustee or employee of a trust company to release information to third parties.