Category: Asset Protection

  • Add up the advantages of not wasting on tax

    PAYING taxes, like death, is one of life’s more unpleasant certainties. No one likes to see their hard-earned cash lining the Treasury’s coffers. But while death is unavoidable, paying too much tax is something we can laugh in the face of. Nationally, £5.66bn in wasted tax is set to wing its way into the Chancellor’s…

  • Wealthy Taxpayers Feeling the Pressure from IRS

    AccountingWEB.com – The Internal Revenue Service is targeting wealthy executives and entrepreneurs to ferret out would-be tax dodgers. The IRS has not focused on individual tax returns of the well-to-do for years, the Wall Street Journal reported, but is becoming more aggressive after studying the results of a 2003 pilot program covering 24 big companies,…

  • The Trust Protector

    Some foreign jurisdictions allow the appointment of a trust protector. As the title indicates, this person is supposed to provide general oversight of trust operations to insure its objectives are met and the law is followed. Usually the grantor has the right to name the protector, and may even assume that position himself but the…

  • Do Americans Need a Second Passport?

    People of means living in places where it seems civil war never ends, like the Balkans, home to the shards of the former Yugoslavia, or people facing continued political uncertainty, such as Hong Kong since the 1997 hand-over to Communist Beijing, obviously may need a safe refuge for escape. If besieged people enjoy the legal…

  • The most common Asset Protection Plans

    Trusts are the choice when planning asset protection. Both domestic and offshore strategies are useful in protecting wealth. 7 Essentials for a good Asset Protection Plan The plan must protect your entire wealth. If selected assets are not included in the plan they remain exposed. A good comprehensive plan should include future assets such as…

  • Many plans for wealth preservation primarily use offshore strategies. Here’s why.

    Offshore Questions: What is meant by the term Offshore Haven?” Offshore Haven, money haven, or offshore financial centers are the terms used for any countries with a friendly financial climate towards investors. These can be any foreign jurisdiction where your assets or income enjoy 1. more protection 2. are more private 3. have fewer taxes.…