Many people like the idea of transferring their wealth into a trust but are hesitant to do so simply because, once they've given their wealth away, they can't get it back.
The APPA (Asset Protection and Probate Avoidance plan) is designed to overcome this problem.
Instead of your wealth being in the name of a trust, you put it in the name of a company and you retain exactly the same rights over that wealth that you would do if it remained in your name.
Here are some specific advantages:
- If you hold investments in your own name in several jurisdictions such as Jersey, Gibraltar and the Isle of Man, then theoretically when you die, probate proceedings would have to be conducted in all three places.
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But if the same investments are held in the name of a company, probate only has to take place where your shares are held i.e....
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