By using an offshore trust rather than a domestic trust, you can enjoy additional protections not available in your home country. An offshore trust is related to a traditional onshore asset protection trust in that the end goal is to protect your assets.They are also similar in relation to the parties involved: a Settlor, a Trustee, and the Beneficiaries.he first point in why people set up an offshore trust is to protect their assets in a completely confidential manner. The trustee is expected to properly manage assets, titles to property, and anything else placed in the trust, in a way which completely protects the original owner (settlor) from being discovered.