The Titanium Trust
The Titanium Trust is Mile High Estate Planning’s proprietary Asset Protection Trust that takes a traditional domestic asset protection trust and offshore trust one step further. Like titanium metal—strong and lightweight—the Titanium Trust has bulletproof strength in that it protects your assets in the United States but with the added advantage of agility to move your assets through a network of International Trust Companies, Protectors, and Bankers who work together to safeguard your assets.
At Mile High Estate Planning we are proud of being able to provide or clients with different asset protection solutions to fit their individual needs. For years we have offered offshore trust solutions that provide the highest levels of legal protection. Our team of attorneys at Mile High Estate Planning have created an asset protection trust that provides the strongest level of legal protection while avoiding the ongoing costs and compliance requirements of an offshore asset protection trust. The Titanium Trust uses a combination of domestic and international elements to provide exceptional flexibility and protection.
Why Set Up a Titanium Trust?
With the Titanium Trust, the trust assets can remain in the United States and the trustmaker can remain in full control of his or her assets unless and until a legal threat arises. If there is ever a risk of lawsuit, the trust assets can be moved offshore and a licensed, professional offshore trustee can take over the management of the trust. This arrangement ensures that once the trust is moved offshore, the assets cannot be reached by U.S. creditors, even if they ultimately succeed in their lawsuit.
There are only a handful of jurisdictions around the world with laws drafted to support the highest levels of protection The Titanium Trust can rely on the best of these jurisdictions, the island nation of Saint Kitts and Nevis as well as The Cook Islands to serve as the offshore sites of administration for the trust assets. The Cook Islands is widely recognized by legal experts as the nation with the most favorable asset protection laws and the most tested case law history. That being said, assets do not need to be deposited in these same countries, they can just as easily be placed in internationally recognized banking centers such as Zurich, Switzerland or Luxembourg.
This diversity of jurisdictions means breaking into the trust to collect its assets will be an extremely difficult task even for a highly motivated plaintiff or creditor. Offshore jurisdictions such as the Cook Islands do not recognize or give effect to certain judgments of foreign courts. This means, anyone attempting to attack the trust structure would need to travel around the world to take their legal battle offshore to an unfavorable and unfamiliar jurisdiction. Since these offshore jurisdictions are not under the jurisdiction of any U.S. courts, and do not allow for contingency based litigation, a plaintiff would need to spend considerable sums of money in attorney fees and court costs in order to continue their lawsuit abroad.
As a client of Mile High Estate Planning, our firm would guide you every step of the way to ensure you understand your options for nominating an offshore successor trustee, choosing an offshore trust protector, as well as international banking institutions. While the Titanium Trust is not for everyone, those with higher incomes or six figure saving accounts may want to consider how they could benefit from setting up a Titanium Trust.
What Can a Titanium Trust Protect?
A Titanium Trust can protect variety of different assets:
• Business Interests
• Intellectual Property
• Real Estate
The Titanium Trust® is designed to accomplish all of the following:
Bulletproof Asset Protection
We have established a network of International Trust Companies, Trust Protectors, and Bankers who work together to safeguard our clients’ assets. We combine the most powerful and time-tested tools for asset protection planning to shield our client's assets from lawsuits. The Titanium Trust® relies on the most favorable asset protection jurisdictions in the world to provide the highest level of legal protection available anywhere. A trust can safeguard assets such as cash, securities, and business interests.
Affordable Pricing and No Annual Fees
The standard price for an offshore asset protection trust can range between $30,000 and $50,000 to set up plus annual fees which range from $5,000 to $10,000 per year. The Titanium Trust® offers the same high level of legal protection but at a much more competitive price than traditional offshore trusts. Additionally, as long as the Titanium Trust® is domiciled in the United States and managed by you, no yearly fees need to be paid to maintain the trust in effect. Dollar for dollar, the Titanium Trust® represents one of the most valuable alternatives for asset protection.
Assets held inside of the Titanium Trust® will not only receive protection from lawsuits they will also avoid the time and costs associated with probating an estate in the event of your incapacity or death. Your Titanium Trust® can work in place of your Revocable Living Trust or it can work in conjunction with your Revocable Living Trust to avoid probate and ensure your assets are safeguarded for the next generation.
The Titanium Trust® has the flexibility to act as a gifting vehicle to your beneficiaries so as you get older, you can apply for government benefits and avoid the state from seizing your assets to pay for your long-term care. As an irrevocable trust, the Titanium Trust® can be setup so that any assets placed in trust are considered a completed gift to the beneficiaries and no longer part your net worth for medicaid purposes
The Titanium Trust® also works as a succession planning vehicle as allowances can be made for beneficiaries after your life. The Titanium Trust® can continue to offer the same level of legal protection to your beneficiaries during their lifetimes if they so desire. That way, any inheritance received through a Titanium Trust® can remain protected from creditors, lawsuits, divorces, and other legal threat for generations.
The Titanium Trust® can also be used as a holding vehicle for various cryptocurrencies, tokens, and coins. Cryptocurrencies held in trust receive the same level of legal protection as any other assets, and can be stored with onshore or offshore platforms, exchanges, or in offline cold storage. Just as with other liquid assets, your cryptocurrencies can be held in the U.S. and only moved offshore if a legal threat arises.
Structure of the Titanium Trust
The structure of a Titanium Trust consists of the following parties:
Settlor: He/she is the one who creates a trust and places assets under it—that’s you.
Trustees: There can be more than one trustee. The trustee(s) is the one who holds the assets’ legal title and administers the trust. Also, all trustees are legally bound to protect a settlor’s assets on behalf of the trust’s beneficiaries.
Trust Protector: He/she is responsible for appointing trustees and overseeing their activities. The settlor appoints the protector to supervise the trust and to ensure that the trustee is acting in the settlor’s best interest. The protector may be an attorney, family member, or some other trustworthy person.
Beneficiary: He/she is the one who benefits from the trust. For most Titanium Trusts, the beneficiary and the settlor are the same person. But the settlor may add other persons (such as family members or other loved ones) to the trust.
How Much Does It Cost?
For a standard offshore asset protection trust you will pay $30,000 to $50,000 to set up the trust plus annual fees, which range from $5,000 to $10,000 per year. The Titanium Trust is priced much more competitively than traditional offshore trusts and has no annual fees. Contact Mile High Estate Planning for a consultation and pricing to protect your assets.
How Do I Get Started?
An asset protection attorney who specializes in creating a Titanium Trust can work with you and advise on what best fits your goals, needs, and level of risk. By contacting Mile High Estate Planning, you can learn more about the Titanium Trust, other asset protections tools, and whether these are right for your situation.
Contact a Titanium Trust Attorney
If you are an individual looking to protect your assets from lawsuits, probate, and long-term care costs, please contact Mile High Estate Planning today to learn more about creating a Titanium Trust.
If you are an attorney and would like to provide your clients with the Titanium Trust, please contact Mile High Estate Planning today to learn more about co-counseling with our firm.