Offshore Structures, Trusts, And Currency Diversification

July 13, 2009

"I'm always surprised," writes Latin America Correspondent Christian MacDonald, "by the number of people who believe they need to spend thousands of dollars setting up offshore structures or trusts, when their only goal is currency diversification. Many people, like the reader who wrote you last week, Kathleen, can accomplish what they're trying to accomplish simply by opening a bank account. It's free and can earn interest. Many institutions around the world offer non-dollar accounts."

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