Keeping money in international accounts has long been a way individuals sheltered funds or kept assets private, but sometimes you can hide your money too well. If money is hidden away in secret accounts, especially overseas, it can be difficult for heirs to know about it or gain access to it when you pass away if you haven't planned ahead.
If you find that you are drowning in debt you can't pay and can't see a way out, bankruptcy may be a valuable option for you to consider to stabilize your financial future. Bankruptcy can provide you with a fresh start and clean slate after things outside of your control have spiraled, dragging you down.
If you want the benefits of a trust for your heirs and yourself but you feel like you don't have enough assets to warrant creating such a legal arrangement, then you might want to consider the merits of life insurance. Did you know that you can fund a trust with a life insurance policy?