Offshore asset protection involves establishing assets, like trusts, LLCs, or foundations, in a foreign jurisdiction for enhanced protection and privacy against creditors, lawsuits, and more. Using multiple offshore jurisdictions for asset protection can strengthen your strategy, allowing you to rely on the favorable protection laws of various countries. A multi-jurisdictional strategy that includes the services
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Cook Islands vs. Bermuda Trusts: Which Is Right for You?
Whether you are an international businessperson with global assets or a professional concerned about the potential for malpractice lawsuits, you may be considering offshore trusts. Offshore trusts can offer powerful protection against US-based creditors, lawsuits, and court orders.
Countries worldwide, from Central America to East Asia, offer asset protection trusts (APTs). However, when choosing…
What Is a Trust? Understanding the Basics
For people interested in asset protection and wealth management, trusts are an important financial planning tool. Controlling what happens to one’s wealth and assets during and after a lifetime is one of the main benefits of establishing a trust. Further, trusts provide an effective way to minimize taxes and ensure that beneficiaries receive assets according…
Offshore Jurisdictions With the Strongest Privacy Laws
Many offshore jurisdictions can provide asset protection and help you shield assets from creditors, lawsuits, and other potential threats. You can legally create offshore trusts in these jurisdictions to stop others from coming after your assets.
Privacy is a key factor to consider when selecting an offshore trust jurisdiction. Different jurisdictions have distinct privacy laws,…
Can I Pay Bills With Money in a Trust? What You Need To Know
According to the U.S. Bureau of Labor Statistics, the average American household spends just over $6,000 per month on bills. This number is almost 10% higher than it was just a few years ago.
Are you having a tough time taking care of your bills, or are you in charge of helping a loved one…
Attorney Answers: Can an Inheritance Be Taken in a Divorce?
Your uncle left you a nice inheritance and naturally, you and your spouse are thrilled. Perhaps you use the money to buy a house or dutifully deposit it into your retirement account. But what happens to the funds if you and your spouse decide to split up? Can an inheritance be taken in a divorce?…
What Is Wrong With the Justice System in America?
“What is wrong with the justice system in America?” is a complicated question with many different answers. Some would argue it would take less time to answer the question, “What isn’t wrong with the justice system in America?”
America’s justice system is routinely criticized for its overcriminalization and its noted lack of accountability when it…
A Guide to Asset Protection for Tech Industry Companies
Big Tech has a big problem on its hands when it comes to dealing with legal issues. Some of the largest tech companies in the country, including Google, Meta, Apple, and Amazon, have all faced lawsuits filed by federal agencies over the last few years.
It isn’t just tech titans facing the legal wrath…
Key Strategies To Safeguard Assets During Economic Downturns
Economic instability is on many Americans’ minds. According to a recent survey, nearly 40% of American households admit they’re having a difficult time making ends meet in 2024.
If you’re concerned about the economy, searching for strategies to safeguard assets during economic downturns can help you sleep better at night. If you take the right…
Effective Asset Protection for the Cannabis Industry
With cannabis legalization steadily coming to more states nationwide, there’s never been a better time to jump into the industry. Running a cannabis business can certainly be profitable, but it also comes with unique challenges that can land owners in financial and legal hot water.
In this guide, you’ll learn everything you need to know…