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Use by International Businesspersons

The most common scenario, that of the successful professional who plans ahead to avoid financial disaster, in the event of a substantial judgement against him for say, a malpractice or other civil action for negligence, is by no means the only grounds for use of a Belize exempt trust with asset protection provisions. In recent months, due to an ongoing international economic recession, businessmen, underwriters and realtors have also begun to settle trusts in order to secure their assets, after having given large personal guarantees to creditors, which at the time of the guarantee seemed sound but which, when the recession hit, effectively placed their entire financial position in jeopardy.