DOMESTIC AND OFFSHORE ASSET STRUCTURING
Every state has laws that allow for the individual to place certain assets out of the reach of creditors. At the same time, each state has certain laws that limit the circumstances and the timing under which you can place those assets out of reach. We believe that the art of asset protection planning and structuring involves understanding those laws, and understanding the types of entities, the locales that best serve as protective havens, and the realities of the American legal process involved in the collection of debts. Without a thorough understanding of each of those elements, it is unlikely that one could safely put one’s assets out of the reach of creditors.
Offshore asset protection planning and structuring requires a thorough understanding of the interaction of international legal systems. It requires knowledge of the selected nation’s civil, banking, political, criminal and tax systems as well as the treaty status between America and that country. An asset protection advisor who is located solely in the foreign jurisdiction, or who has no legal credentials, is unlikely to have those credentials. It is also important that your lawyer has a direct working relationship with professionals in the selected nation. If your plan is so complicated that you do not fully understand it, how do you think it can be defended…and who exactly is going to defend it?