Offshore Terrorist Havens

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A principal argument brought forward for financial curbs when the PATRIOT Act was hastily adopted was that the 9-11 terrorist attackers had used secretive offshore tax havens as means to fund their evil activities. This blatant lie was proven to be false, but truth rarely catches up with such sensational claims. A recently published report […]

offshore insurance scams

Offshore Insurance Scam

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Offshore Insurance Scam A man was recently taken into custody in Canada by international law enforcement authorities, in what is being described as a global insurance fraud scam involving companies in St. Vincent and the Grenadines. U.S. officials reported that both Federal and California State authorities said the international search for a fugitive wanted in connection […]

family limited partnership

The Family Limited Partnership Part 2

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The Family Limited Partnership Part 2 PART 2 This tip-n-tactic contains part two of five about the Family Limited Partnership. Remember that your trust should hold non-liability producing assets, normally bank accounts, and securities. (Sometimes you may put up a home, which requires the services of a local expert to transfer). If you hold liability-producing […]

family limited partnership

The Family Limited Partnership Part 1

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The Family Limited Partnership Part 1 Part 1 The Family Limited Partnership (FLP) has been a primary asset protection tool for many years. Originally designed as a tax savings strategy to shift income to lower bracket family members, the FLP is now widely used to reduce estate taxes (where applicable) and protect accumulated wealth from […]

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. […]