Asset Protection Services

Asset Protection and planning is the adoption of advance planning techniques which place one's assets beyond the reach of future potential creditors. 

From our partners:

Asset protection is also a prenuptual agreement tool. In our practice, it does not involve hiding assets, nor is it based upon secret agreements or fraudulent transfers. It is based upon proven sophisticated combinations of business and estate planning techniques.

We have many ways in which to protect your assets. We can build an asset protection plan to suit the individual or the Giant Corporation. Be assured that your consultant will be the best available.

To request further information about asset protection click here.

An asset-protection trust is a term which covers a wide spectrum of legal structures. Any form of trust which provides for funds to be held on a discretionary basis falls within the category. Such trusts are set up in an attempt to avoid or mitigate the effects of taxation, divorce and bankruptcy on the beneficiary. Such trusts are therefore frequently proscribed or limited in their effects by governments and the courts.

Whether such a trust is a Spendthrift trust on the U.S. model, a Protective trust on the Commonwealth model or another form of discretionary trust, it is more likely to be subject to challenge under thecommon law doctrine of sham or under specific statutory provisions if any person setting up the trust (or their spouse and their spouse in turn as in a reciprocal trust):

can benefit under its provisions;

is the person under risk financially;

benefits (whether permitted or not) from the trust; or

if the person setting up the trust is at risk financially, if bankruptcy or divorce occurs soon after the establishment of the trust.

To request further information about asset protection click here.

Related tags: Asset Protection Trust and Wealth Management. Offshore Tax Planning, Offshore Tax Plans, Asset Planning, Inheritance Laws-Planning, Prenuptual Agreements.