Protect Your Assets On Many Different Levels Through Swiss Banking
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…
How An Asset Protection Trust Can Save You From U.S. Courts!
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…
A Few Reasons Why You Need Asset Protection
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.…
Understanding Basic Concepts Of An Asset Protection Plan
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,…
Taking a Closer Look at a Limited Liability Company
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…
Critical Mistakes To Avoid In Your Asset Protection Plan
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…
Distinction Between Safe And Risky Assets
The worst mistake when creating an asset protection plan is to mix safe and risky assets. For example, if we were to create an LLC we wouldn't put your rental real estate property in there with a bunch of cash. If something happens to the real estate and the LLC…
Protecting Risky Assets And Your Primary Residence
Understanding How to Manage Risky Assets If you are a doctor and you own a practice this is probably one of your riskiest assets. What about your office building? How about real estate? If your office building or real estate have equity or are completely paid for, these are considered valuable…