Asset Protection

What Is An Asset Protection Trust?

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What Is An Asset Protection Trust? An asset protection trust is any trust formed for a term of years in a foreign jurisdiction which: Either does not recognize or imposes significant barriers to the recognition of United States judgments, Has enacted a Statute of Elizabeth override provision, and Imposes strict procedural barriers to actions brought […]

asset protection does it work

Does Asset Protection really work?

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Does Asset Protection really work? There are those who question whether even the most sophisticated asset protection plan will actually defeat a creditor’s claims, especially where the asset protection plan is designed and implemented prior to a judgment being entered or a lawsuit being filed. Evaluating asset protection effectiveness depends upon having realistic goals and […]

Can having Asset Protection get you in trouble?

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Can having Asset Protection get you in trouble? Any creditor can attack the implementation of an asset protection plan simply by making allegations that transfers of your assets to other people or entities or the investment of money in exempt assets (such as annuities) thereby constitutes a fraudulent transfer or fraudulent conveyance because these conveyances […]

9 Simple Asset Protection Tips

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Simple Free Asset Protection Tips Not everybody can afford a sophisticated asset protection plan: however, everybody can take some commonsense steps to better protect their hard earned wealth. This page categorizes some of these simple techniques: Divide and Conquer Always use a separate entity for each liability generating asset and never mix liability generating assets. […]