Asset Protection Planning
Mission Statement:
To provide individuals and companies legal
means to protect assets from frivolous lawsuits and future
creditors.
Importance to You:
- Asset protection planning is much
like fire insurance planning.
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- You can’t get fire insurance
after the fire.
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Likewise, it is difficult to effectively plan asset protection
strategies after you have been sued or even after some
event has occurred where you expect you might be sued.
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There are also many domestic structures available for asset
protection and some will depend
upon your state of residence.
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Overseas Asset Protection Trusts provide the greatest protection
because a few foreign jurisdictions have laws that are very
hard for creditors to overcome and are expensive for them
to pursue.
We can assist professionals and their clients
in structuring overseas asset protection and coordinating formation with international lawyers.
We encourage the “nest egg”
approach rather than trying to tailor a less effective plan
and attempt to cover all assets under an overseas asset protection
trust. Many domestic asset protection strategies can be combined
with the “nest egg” in an overseas asset protection
trust.
Services:
Whether you use your lawyer, one of our
international lawyers, or both, we can coordinate the services
necessary to form overseas trusts, LLCs and companies. These
can be formed in any of the overseas jurisdictions that have
favorable asset protection legislation. Your tax adviser and
investment adviser can also be active in the formation process.
Telephone consultations are available. During the consultation we can address your goals and objectives and provide general answers to most of your question. After understanding your objectives and goals, we can discuss coordinating the process with a lawyer and the typical costs involved in moving forward through the implementation stages.
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