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We sometimes come across clients who are under the false assumption that any program that has the term “offshore” attached to it, must automatically have something to do with illegal money laundering. That is not the case at all. An offshore asset protection trust is simply a well-established trust that consists of a trustee, settler and beneficiary. A trustee is in charge of managing the trust, and has the power to manage and control assets to ensure that the beneficiaries receive the full benefits of their asset protection program.

There is nothing illegal about it at all. However, when you entrust your asset protection planning to a fly-by-night operator or any one of the number of spammers operating on the Internet these days, you’re likely to find that your asset protection plan comes under IRS scrutiny. For instance, an offshore asset protection trust is not meant to be used for tax saving purposes. Sure, there are tax benefits that come during the normal course of asset protection, but these are not the reasons why you should establish a trust. Unfortunately, many people fall prey to spurious advice by scammers, and the result is unpleasant scrutiny by the IRS.

An asset protection trust is not meant to be used as a means of defrauding creditors. It is only a means of preserving your wealth. For an offshore trust to be completely successful and 100% legal, it must have been established before any legal action is taken against you. These are some of the basic legalities involved in asset protection, and if your advisor tells you to do otherwise, find yourself another asset protection attorney.

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Pashmina Lalchandani

CEO & Co-Founder, Bar & Cocoa / Owner, Flow Simple
December 9, 2010, Douglass was a client of Pashmina’s

I’ve known Doug in many contexts, as a friend, as a client and as a business partner and he impresses me on all levels. He’s dependable, smart, generous and I wouldn’t hesitate recommending him and his law firm to anyone.
He’s the best and most ethical lawyers providing asset protection with rock solid strategies to give you peace of mind about your wealth. Straight forward, and straight talk. Doug is exactly the lawyer I want on my side. If I send someone to Doug, I know they’ll thank me for it!

Social & Solar Entrepreneur, Pan Afrikan Theorist, Translator/Interpreter,
Founder & Visionary Leader @ Afrikanpride.
March 12, 2011, Marlon E. D. J. worked with Douglass but at different companies

Doug is one of the most powerful thinker i have came across. During the short time that i have known Doug he has been a great source of inspiration. He has a simplistic yet effective and accurate way to analyze anything you bring to his attention, and then by asking you key questions he gets you to see the light at the end of the tunnel. Besides being extremely bright, he is a genuine and caring individual which is why I feel fortunate to know him. I can say without a doubt that he his the person you would want to talk to if you were in need of a person with his expertise.
Most of the lawyers out there will probably meet your needs, but if you are looking for someone to exceed your expectations and give you that wow factor, look no more he is the person for the job.

Patricia Salter

Associate Dentist at Smileology
December 1, 2010, Patricia was a client of Douglass’

I have been a client of Douglas Lodmell’s since 2001. My main concern was asset protection in this litigious society. I can sleep alot better at night knowing I have the instruments in place to protect the fruits of my labor, and that they will not end up in the hands of a slick trial attorney.

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