Category: Asset Protection
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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…
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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…
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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.…