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, as well as some actions or events, which may have a detrimental effect on your financial stability.
One of the major requirements of a sound asset protection strategy is to plan everything ahead. For instance, if you set up an asset protection trust too close to a coming 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 planned to set up this trust specifically to avoid your creditors’ claims which you knew were coming.
Customized strategies aimed at protecting clients’ assets from creditors and negative events
US trusts are a reliable and predictable asset protection devise both for US residents and non-residents
Offshore trusts offer an extra layer of protection against creditors and other unfriendly parties
Advising on other asset protection instruments depending on client’s goals and circumstances
There are some requirements that should be followed to make your asset protection structure legal and sustainable. Like that your assets should have a legal and documented source and should not be part of any illegal plan or activities.
US trusts are widely used by US residents for estate planning and wealth transfer. However, importance of the US asset protection trusts for non-residents is still significantly undervalued. Few of the US non-residents know that a bunch of US States adopted special asset protection legislation that favors setting up and maintaining asset protection trusts there. Among them Delaware, Alaska, Nevada, Wyoming, South Dakota, and others – 17 States total. Depending on your circumstances and preferences we can set up a US asset protection trust for you in one of the most favorable States.
Although US trusts offer a solid asset protection both for estate planning and other long-term strategies, some clients need to diversify their asset protection tools even more. In this respect offshore trusts can be especially useful. They offer a superior level of defense against creditors’ lawsuits, as well as other foreseeable and unforeseeable events which can have an adverse impact on clients’ financial wellbeing. We have a multiyear experience of collaboration with the best attorneys in different 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
Asset protection is a bunch of measures aimed at preserving the wealth on personal as well as corporate level. It involves setting up trusts, special corporate structures, and other devices to build an extra layer of protection from lawsuits and other unfriendly challenges.
Hight Net Worth Individuals (HNWI), as well as companies which have significant assets.
HNWI and companies with big enough assets need to set up certain asset protection measures to be able to successfully fight unfriendly claims, including lawsuits in future.
Any asset protection structure should be set up well in advance. The rule of thumb is to have it in place a least 2 years before you are sued. However, in some jurisdictions it may be at least 5 years and even more. Thus, the earlier you set it up, the better.
The major limitation is that all asset protection mechanisms and structures should be set up and function within the legal boundaries and not aiming at 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.
Estates, trusts, and other asset protection regulations are quite complicated. You will need an experienced legal professional to navigate those waters.