How Do I Protect My Assets?
We have a professional, experienced team in place that helps you protect your assets.
The actual doing of the asset protection plan is the science and art of knowing and complying with US and foreign law specifically designed and written to help protect your assets. This is accomplished by attorneys, trustees, trust protectors, administrators and staff that work for you and look out for you. Your protection is not a cookie cutter situation. Your asset protection situation is unique to you.
Here are the essential players involved in protecting your assets:
What do you know about asset hiding?
If you watch movies or T.V. you may hear talk about hiding assets. Hiding assets can be done sometimes but hiding does not legally protect your assets. We are talking about legal protection which is very different than hiding assets. We are talking about ethical, legal protection. You are looking to make your asset protection plan as bullet proof as possible, so you just don’t have to worry any more. Asset protection is about hiding assets in plain sight with the law on your side.
To do this, you need to structure your affairs so that lawyers, courts and judges do not have the legal ability or power to give what is yours to someone else. To do this sometimes involves using legal tools in jurisdictions that provide that kind of legal protection for your assets. This means using the laws of other reputable and trustworthy Countries. Many Countries have constructed laws favoring those that have, or may, fall victim to extortionary litigation. This kind of litigation happens too often. I have seen it too much, and have been a victim of it in my career, and unfortunately, it is getting worse.
There are many factors that courts look at to determine whether or not your assets are truly protected. A transfer of assets to other people after you know a lawsuit is coming, or after you have already been served with one, can be problematic as such a transfer could be looked at as fraudulent. Such a transfer would need to be analyzed to determine if it can be protected and how. And there are some great laws in that regard. If you simply move assets to your wife or the kids, that would be an enormous mistake. The plaintiff’s attorney will simply sue everyone to get the assets back. Asset protection has to be done in the right way, for the right reasons and in the right jurisdiction to protect your assets.
That being said, we rely on the Cook Islands laws and Nevis laws to create the gold standard of asset protection that protects you better than anywhere else in the world from asset scavenger predators. This is the most bullet proof protection on earth.
The legal tools used to protect you may include the use of domestic and offshore trusts, limited and family partnerships, limited liability companies (LLCs) and corporations. Other methods based in the USA include using laws such as a homestead exemptions and asset stripping.
Asset protection planning and strategy include proven actions that have been implemented for many years to put you in the best position possible to protect against legal threats. They can help keep legal predators from taking your hard-earned wealth. Such tools comprise the key elements of your financial freedom and peace of mind. If you structure all of this properly, you can achieve a higher level of financial security in this lawsuit-prone world. Thus, you can put yourself in a place to keep more of what is yours, and you will sleep better at night knowing what you have done.
Let us help you get protected. Just give us a call or contact us at 913-914-7979 and we can help you on the path of protection.