Who Needs an Asset Protection Plan?

Who Needs an Asset Protection Plan?

This question is like asking, “Should my baby get vaccinated?” Sure, the chance of getting polio in the U.S. is now quite low (due to the push in years past to vaccinate all children). But … if your child is unlucky enough to get polio, he or she could end up in a...
Part Two: Using an Onshore Versus Offshore Asset Protection Trust

Part Two: Using an Onshore Versus Offshore Asset Protection Trust

In the last blog post, I mentioned that moving your assets out of the U.S. (for a U.S. citizen) to a trust under Cooks Islands law gives you enormous leverage.   So how do you get over the hurdle that most people don’t want to send their assets to a strange trust...
Part One: Using an Onshore Versus Offshore Asset Protection Trust

Part One: Using an Onshore Versus Offshore Asset Protection Trust

I’ve been doing asset production planning since 2004. (What is asset protection? It is the combination of various legal strategies to help shield a client from predator creditors, nuisance lawsuits, and generally losing one’s life savings as a result of an angry...