If you own anything in excess of what you can retain
through a personal bankruptcy, you are vulnerable. What
you own can be taken away from you - and it will be, if
you cannot pay what a court of law deems that you should pay!
One single threat of litigation could make you
consider accept an out-of-court settlement, just
to spare yourself and your family the hassle, the risk, and the
expense of fighting back. Such a settlement will easily
cost you far more than what it will cost you to once and for
all effectively protect your assets against:
The main idea behind effetive asset protection is that you separate the ownership of the assets from your personal and professional liabilities. You need an offshore entity for that.
If you own nothing, nothing
can be taken away from you, even in the worst
of cases. If created right and managed right, the offshore entity is not liable
for your actions, so whatever assets it owns cannot be made subject
to garnishment for any claims against you.
Here is the outline for what you should do in order to effectively protect your personal assets and your financial privacy:
We hope you understand that we can only provide information and tools. You need to learn how to use those tools in your own business before you will receive any value from them. We are here to help you with that.
Establishing an offshore entity and using one to your full benefit is not without challenges, so please do not attempt to do so without having first educated yourself! You should prepare to discuss certain aspects of your use of it with your accountant and with your attorney.
The accountant, to make sure that you take full advantage of the tax benefits you can obtain by transferring assets to your Trust.
The attorney, to make sure that you are not causing any legal problems for yourself by doing so.
The good news is that it does not have to take a genius to use an offshore entity - it takes a person who is financially responsible, and who is open-minded enough to learn about some concepts that are not taught in any school, college, or university...
From there, it is a matter of sound money management and legal logic!
Did you sign up for the free information? If not, it is time to do it now!
Let's say you have some valuable jewelry you want to protect. You get a safebox in your bank.
The bank gives you the key to the box. The only key that exists.
You put the jewelry in the box, close it, and walk away with the key.
Question: who controls the jewelry? The bank who owns the box? Or you who is in possession of the key?
What would change if you were not the owner of that jewelry? You still have the key to the box. The bank still owns the box. But the jewelry is owned by someone else. Who is now in control of that jewelry?
Morale: Control of assets has nothing to do with ownership. Assets are controlled by the person who has possession of the key, also when that person is not the owner.
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