There have always been detractors to Asset Protection Trusts. Most have been less than fully informed or have had an alternate agenda or product to promote as an alternative. However, there is thoughtful analysis out there and one of my esteemed colleagues, whom I highly respect, comments regularly on why he believes the Foreign Asset Protection Trust doesn’t [...]
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Asset Protection can be accomplished in several different ways. The ultimate goal is to protect your assets, while leaving you in the position to both control them and have beneficial use and enjoyment. Over the past 20 years a lot of different structures have been tried and are being promoted on the internet. I was [...]
Read the rest of this entry »About 5 years ago I wrote this report, which has been downloaded thousands of times from my website. The most consistent feedback I get is disbelief that we could let attorneys corrupt the system so completely. The other side of the coin is that readers tell me that they are relieved and happy to discover [...]
Read the rest of this entry »I am often asked what happens when the Trust does need to actually remove the assets from both the U.S. jurisdiction, and the control of the clients. How can a client be sure that the new foreign Trustee doesn’t run away with the money should we ever need to use the Trust? To answer this [...]
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Swiss Private Banking System Swiss banking is a really fantastic way to protect your assets on many different levels. I am not referring to UBS and Credit Suisse, but protection in conjunction with your asset protection plan. We are moving assets when we are talking about Swiss banking to a Swiss bank inside of your asset protection trust. This is [...]
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Asset protection trust is key to the whole plan Having the domestic parts of your asset protection plan is very good. We set up most of our limited partnerships in the state of Arizona because it gives us strong statutory protection. Although this does provide a first layer of defense there’s a problem and that’s principle [...]
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Who needs asset protection? The answer is anyone with equity in their assets. Clearly high risk professionals need it because they already are running risks that are greater than average. Its not just the doctors or the people with high risk professions. It’s anyone with assets they want to hold onto. We live in a super [...]
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Fundamentals of your asset protection plan Lets start off with the principle. Its a pretty straight forward concept. Basically “you do not need to own an asset to have beneficial control.” A perfect example of this that neighbor that we can all relate to who has a very nice boat and says, “hey go and use it [...]
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Where are second homes and non-rental properties placed in my asset protection plan? Since they are real estate, you can hurt yourself on them, and they are know as risky assets they are going into your limited liability company or your asset protection trust. This will all depend on the character of the property, the [...]
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Mistakes to avoid in your plan Signing for your limited partnership is a mistake you want to avoid. Your limited partnership should never guarantee loans or conduct business, unless you are using that particular entity to conduct a certain business. If you are using it to hold that asset, then it shouldn’t be conducting another business. You [...]
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