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Planning & Trust Info

This section is a virtual encyclopedia of information regarding asset protection trusts and asset protection planning. These articles provide info on basic asset protection planning, the 8 key concepts of asset protection, information on offshore asset protection, fraudulent transfer/conveyance, past newlestters, tax advice, rust articles, misc. articles, etc.

Annuities

The word “annuity” is defined as “an amount payable annually”. Specifically, an annuity refers to a contract offered by insurance companies allowing you to save funds for retirement on a tax-favored basis and then, if you want to, you can receive a guaranteed income payable either for life or for a certain time period.

Asset Protection Scams

Many of “scam artists” can be found on the Internet and will try to convince the unsuspecting that their Asset Protection “package” will save taxes or, worse they’ll tell you that you won’t have to pay any taxes at all! Advice that helps you know if your dealing with a scammer or not.

Asset Protection Cases and Information

There’s been many cases brought to court (or are currently in court) that involve “Tax Fraud”, “Income Tax Evasion,” or “Fraudulent Conveyance” etc. This section keeps readers up to date with the various rulings and court cases involving Asset Protection and matters related to it.

Bankruptcy

“Asset Protection” involves protecting assets (including cash, stocks, real estate, etc.) from being seized by creditors or plaintiffs. “Bankruptcy” is defined as a court proceeding in which an insolvent debtor’s assets are liquidated and the debtor is relieved of further liability. The passage of the “Bankruptcy Reform Act” changed the way an individual can file for bankruptcy (specifically “Chapter 7” and “Chapter 11”). Therefore, having a solid “Asset Protection Plan” in place while the financial (and legal) seas are calm can be quite beneficial.

Family Limited Partnerships

This section deals exclusively with FLPs, and has articles providing information on how FLPs work, how to structure them, charging order protection, using FLPs for estate planning purposes, FAQ’s about FLPs, FLP maintenance, building wealth with a FLP, IRS, and FLPs and creditor protection.

Estate Planning

“Estate Planning” is an extremely important tool in Asset Protection. Dying “intestate” (meaning not having a will or a trust in place at the time of death) could cause years of time spent in court, high attorney’s fees, etc. Something no survivor should have to go through. Proper Estate Planning includes some (or all) of the following: “Family Limited Partnerships,” “Living Wills,” “Living Trusts,” etc.

Asset Protection Jurisdictions

“Asset Protection Trusts” can be formed “offshore” in countries whose laws benefit the trust’s “settlor.” What makes forming an “offshore trust” desirable is the fact that the countries do not automatically recognize the jurisdiction of U.S. courts. This means that a properly implemented Asset Protection Trust can prevent creditors from seizing your assets.

Asset Protection Laws and Sections

each year, newer laws are enacted involving “Taxation,” “Bankruptcy,” “Money Laundering,” etc. The “USA PATRIOT Act” is one law that should be carefully watched. Under the guise of combating terrorism, Federal law enforcement agencies have the power to look into your bank account and any financial dealing you might have overseas.

Limited Liability Companies or LLC's

“Limited Liability Companies” (or “LLCs”) differ from “Corporations” in that a “corporate shareholder” is subject to judgment creditors (who can take control of the corporation) while a “LLC member” would not be subjected to such. This means that, if one member of an LLC is sued, the judgment against him will not affect the other LLC members.

Miscellaneous Asset Protection Information

This section deals with matters such as “Privacy,” “Nevada Corporations,” “Offshore Banking,” “USA PATRIOT Act,” etc. While they may not deal directly with Asset Protection, the articles are to keep readers informed about various items that are related to the individual in particular and the world of business as a whole.

Past Asset Protection Corporation Newsletters

General Partnerships and Limited Partnerships

This section provides information on the differences between general and limited partnerships and the effect of charging orders or charging order protection on limited partnerships.

Pet Peeves

This section contains information on subjects that affect all of us. These include “Frivolous Lawsuits,” “bad lawyers,” “Death Taxes,” etc. One topic in particular that is probably a “Pet Peeve” with many would be frivolous lawsuits. Litigation in the U.S. is out of control and, along with that, so are our courts.

Offshore Asset Protection Information

This section’s articles deal with the pros and cons of having offshore trusts, the legality of offshore trusts, so-called offshore “havens,” the best offshore countries, and so on.

State by State Asset Protection Overview

Each state has different laws regarding “bankruptcy,” “incorporation,” “estate taxes” and so on. Being aware of the laws of the state you’re in (or where you may wish to relocate) could make a difference when it comes to forming a business or protecting your assets.

Tax Subjects related to asset protection trusts, offshore banking, investing, etc

This section provides readers information regarding both “taxes” and “taxation.” Topics include information on “Tax Shelters,” the “IRS,” “Flat Tax,” “Global Taxation,” “Tax Scams,” “Tax Avoidance,” etc.

Trust Information

This section gives examples of the various kinds of trusts: “Revocable Trusts,” “Living Trusts,” “Domestic Asset Protection Trusts,” “Estate Trusts,” etc.

Trust Scams and Scammers

Unfortunately, asset protection planning has brought about a good number of “scammers.” This section has articles that deal with illegal trusts, which include Abusive Trusts, Pure Trusts, Charitable Trusts and Equipment Trusts. These articles describe in detail how these trusts are set up and, just as quickly, brought down by courts of law.

VEBA Information

The Voluntary Employees’ Beneficiary Associations or “VEBAs”, was created 1928 in response to demands from workers’ associations. The IRS code was amended to make VEBAs tax exempt entities as well as allowing employers to provide benefits for their employees.

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