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…
Several 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 attorneys have had such a corrupting effect on our legal system. The other side of…
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…
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…
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…
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…
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…
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…
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…
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.…