What Is the Major Attraction for Offshore Banking in the Caribbean

question 2

Multiple Choice

What is the major attraction for offshore banking in the Caribbean?

• A) specialized services that are confidential and tax-exempt
• B) confidential services
• C) tax-exempt deposits
• D) specialized services and tax exempt deposits
• E) confidential and specialized services

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Definitions:

Elder Law

A relatively new legal specialty that involves serving the needs of older clients, such as estate planning and long-term care arrangements.

Estate-Planning

The process of organizing and managing an individual's assets for transfer after death, including the creation of wills and trusts.

Long-Term Care

A range of services and supports to meet health or personal care needs over an extended period of time, often for the elderly or disabled.

Elderly Patients

Individuals of advanced age who are receiving medical care or treatment.