OUR SERVICES
Helping You Protect What You Earned
Depending on your situation, we will elaborate for you a customized plan of setting up trusts and other instruments to protect your assets against creditors and some actions or events, which may have a detrimental effect on your financial stability.
ASSET PROTECTION
One of the major requirements of a sound strategy is to plan everything well in advance. For instance, if you set up a trust too close to a future lawsuit, you may face an adverse court decision just because of the presumption that you transferred your assets to the trust in anticipation of the coming litigation. The rationale for this is that you might plan to set up this trust specifically to avoid your creditors’ claims that you knew were coming.
Offshore Trusts
Offshore trusts offer an extra layer of protection against creditors and other unfriendly parties
Other Instruments
Advising on other instruments depending on the client’s goals and circumstances
Everyone who wants to make his or her asset protection structure legal and sustainable must follow certain requirements. The first and most important among them is that the assets must have a lawful and documented source and must not be a part of any illegal plan or activities.
US trusts are widely used by US residents for estate planning and wealth transfer. However, the importance of the US asset protection trusts for non-residents is still significantly undervalued. Few US non-residents know that some US States adopted special asset protection legislation that favors setting up and maintaining such kinds of trusts there. Among them, Delaware, Alaska, Nevada, Wyoming, South Dakota, and others. Depending on your circumstances and preferences, we can set up a US trust for you in one of the most favorable States.
Although US trusts offer solid protection for estate planning and other long-term strategies, some clients need to diversify their tools. In this respect, offshore trusts can be beneficial. They offer a superior level of defense against creditors’ lawsuits and other foreseeable and unforeseeable events that can harm clients’ financial well-being. We have multi-year collaboration experience with the best attorneys in offshore countries, including Cook Islands, Saint Kitts and Nevis, Cyprus, Lichtenstein, British Virgin Islands (BVI), Gibraltar, Mauritius, and others.
We can set up and maintain a customized asset protection structure for you, which will enable you to preserve what you earned and establish an extra layer of protection against lawsuits of creditors and other unfriendly parties. It is also a valuable tool for your estate planning and tax optimization.
QUESTIONS & ANSWERS:
It is a bunch of measures aimed at preserving wealth on personal and corporate levels. It involves setting up trusts, special corporate structures, and other devices to build an extra layer of protection from lawsuits and other unfriendly challenges.
High Net Worth Individuals (HNWI) and companies with significant assets –all need it in one way or another.
Anyone thinking about establishing such a structure should act well in advance. The rule of thumb is to have it in place a least two years before you face a lawsuit. However, in some jurisdictions, it may be at least five years and even more. Thus, the earlier you set it up, the better.
The major limitation is that all mechanisms and structures should be set up and function within the legal boundaries, not aiming at the illegal cover-up of any assets or tax evasion.
It varies depending on the aims, nature, and structure of your asset protection plan. The best way to find out how long it takes is to consult your lawyer.
Statutes and case law on trusts and estates are pretty complicated. Therefore, you will need an experienced legal professional to navigate those waters.
