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When a dog bites a man, that is not news, because it happens so often. But if a man bites a dog, that is news. Million dollar judgments are fodder for newscasters and movies. That is because such outcomes are extremely rare. In reality, it is usually only the attorneys who come out ahead in the majority of lawsuits. Their clients generally end up with empty pockets. Let's say a lawsuit ends up costing you $75,000. The other party will also likely incur $75,000 in legal fees. That's $150,000 less money remaining to repair the situation. (See below for alternative dispute resolution methods.)

Wyoming Corporations offer a unique spin on personal asset protection utilizing domestic business structures for privacy and lawsuit prevention.

Asset protection can be thought of as “own nothing and control everything.” What we mean by “own nothing” is that we don’t hold most assets directly. Instead, your assets are owned by legal tools that provide a barrier between you and your legal enemies.

When domestic asset protection isn't enough and it's time to start thinking about offshore protection vehicles. We laid out a diagram that illustrates the ladder of liquid asset protection.

When you really need it, Asset Protection just may be the only thing that can lend peace of mind in a litigious arena.

When you utilize an offshore LLC that is 100% owned by an offshore trust, you are appointed the manager of the LLC and control the assets and day-to-day activities of the business. During times of legal duress, trust provisions prohibit you from managing the LLC and therefore the assets within are protected. The trustee is duty bound to protect the trust assets and carry on certain business activity, such as paying the bills and services for current operations.

Transferring assets can be fraudulent in times of legal duress, however a transfer of asset control through proper asset protection planning is not fraudulent. We examine how forming an offshore limited liability company that is owned by an offshore trust provides hands-on management and control over your assets with maximum asset protection.