When is offshore asset protection used?
Offshore asset protection planning involves the strategic use of international jurisdictions to relocate assets, but to do so in a manner that allows the individual the continued use and benefit of those assets while keeping them out of reach of American courts collection jurisdiction. It is typically only useful with respect to liquid assets and it should never, ever involve an attempt to evade taxes. It requires the use of reputable participants in stable environments with modern laws. It is substantially more expensive and cumbersome than domestic asset protection planning and should only be used when domestic asset protection planning will not in and of itself accomplish the goals intended.