HOMEFAQ'sCOMPANYLIBRARYINDUSTRY LINKSCONTACT USSITEMAP
 
 

Are my life long accumulated assets susceptible to creditor attack?

Possibly, and depending on your profession and many other factors, you may be vulnerable. No one is judgment proof, or immune from lawsuits and creditor attack, but professionals especially doctors, accountants, financial consultants, owners of closely held businesses, corporate executives and others with highly visible careers are most susceptible to creditor lawsuits, including frivolous litigation.

 

What is a Trust?

What is the purpose of an Asset Protection Trust?

Do we want a Foreign or Domestic Trust?

What is a Domestic Asset Protection Trust?

What is a Foreign Asset Protection Trust?

Are my life long accumulated assets susceptible to creditor attack?

How does an Asset Protection Trust operate?

Who manages or administers the trust and the trust funds?

Does an Asset Protection Plan make sense for me?
 Image
 

The Shift From Secrecy to Disclosure

In the recent past, it was not uncommon to include offshore banking services as part of an integrated asset protection plan. The offshore aspect was regarded as particularly attractive to individuals seeking greater privacy and confidentiality in their financial affairs, and the potential tax savings added to its appeal as well. But these protective practices of yesterday are no longer a guaranteed option in today's world. The element of confidentiality has been severely curtailed in most foreign banking transactions for important reasons. The growing threat of global terrorism, recent money laundering scandals, and controversy surrounding many of the popular offshore tax havens have made it all but impossible to avoid some level of discl...

Read more