General Asset Protection Strategies

For clients who have the forsight to create an asset protection strategy before it is necessary, the options are more flexible. Various strategies all attack the same principles of privacy and ownership vs. control. Remove your name from the asset title, directly, and put your assets into a private vehicle that you control. Conversely, with the offshore trust there are sufficient powers given to the licensed, bonded trustee who can legally refuse to comply with a domestic judge's orders.

The options available include both domestic and offshore elements within the general strategies discussed. Privacy is a critical element, so your asset protecton vehicle should provide strong privacy. This is why offshore and Nevada (for domestic U.S.) business entities are key components in some recommended strategies.

Choosing a level of protection depends on the value of your assets, what kind of asset they are and what risk you face. All of this should be taken into account when designing your plan. We have some packaged plans that work for a wide variety of client scenarios.

Asset Protection Strategy Levels

We specialize is custom asset protection strategies as well as a variety of recommended plans to meet any level of privacy and protection requirements.

1 - Domestic Asset Protection Strategy

Properly forming a private Nevada corporation using a privacy service and office program that owns assets, or even other companies that own your assets, immediately affords you privacy of control. Your tools are put into place and your wealth is no longer tied directly to your name.

Once this is established, performing an asset search on your name will come up showing few or unvaluable assets. At this point, you take on the appearance of a poor prospect for an expensive legal battle. Your plan can be strengthened by your corporate presence and anyone investigating your private business will see a ligitimate operating Nevada corporation that does not have your name on public record.

Domestic Asset Protection Strategy Costs

2 - Offshore Asset Protection Strategy

Properly establishing an offshore plan provides a huge degree of financial privacy and protection. When you form a company offshore, no third party or foriegn government can find out who owns the company. The same goes with your banking provider, offshore banking havens have the highest level of financial privacy and only a criminal atrocity or act of terrorism being investigated can result in a bank disclosing any information to a third party.

Offshore Asset Protection Strategy Costs

3 - Offshore Asset Protection Strategy

A step up from the simplest form of an offshore strategy is to include an office program and privacy service. This prevents your name from appearing on any documents whatsoever and your offshore company is a legitimate business. This is used to prevent an authority from attempting to claim that your offshore company is merely a shell organization to protect assets. So these services provide additional protection and privacy.

Offshore Asset Protection Strategy Costs

4 - Bulletproof Asset Protection Strategy

The highest level of asset protection is the bulletproof asset protection strategy. This involves the maximum protection and privacy and when structured properly makes you 99.9% judgment proof. We establish an asset protection trust in the Cook Islands. The Cook Islands trust provides for the strongest asset protection statutes worldwide. Moreover, legal cases where opponents have attempted to penetrate the trust have protected the client's funds. When a judge in your jurisdiction demands release of trust funds, the foreign (licensed and bonded) trustee can refuse to comply. Because you are not able the act the judge cannot rightly hold you in contempt. We place an offshore limited liability company inside of the trust. The LLC holds the bank accounts. The reason for the LLC is that this gives you a vehicle inside of the trust that you manage so you can control the day-to-day operations. When the "bad thing" happens you temporarily allow the trustee to manage the LLC so that the courts cannot attempt to force you to release trust funds. When the "bad thing" goes away you will, once again, be restored as manager of the LLC. Many asset protection professionals agree that this structure has proven to be the strongest strategy worldwide in warding off legal challenges.

Bulletproof Asset Protection Strategy Costs