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Divide and conquer! Always use a separate entity for each liability generating asset and never mix liability generating assets. For example, an apartment house should not be owned by the same entity that owns a plumbing business. More Tips

 

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Asset Protection Links provides links for online guidance on legally protecting wealth (your own or your client's), including: Using U.S. trusts as asset protection planning tools Integrating asset protection in the estate plan Drafting and establishing offshore asset protection trusts Planning using foreign grantor trusts Use of offshore limited liability companies and choosing an offshore jurisdiction Tax compliance and reporting when using offshore trusts Life insurance and asset protection strategies When looking for assistance in your Asset Protection Planning, be sure to look beyond the hype and get an expert who knows the law and understands your objectives. Remember, if something sounds too good to be true, it usually is. Work only with established, reputable advisors to implement your own Asset Protection Plan.

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Helpful Tips for Asset Protection

Divide and conquer! Always use a separate entity for each liability generating asset and never mix liability generating assets. For example, an apartment house should not be owned by the same entity that owns a plumbing business.

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