Offshore and Domestic Asset Protection Planning
Asset Protection Strategies and Offshore Planning
This week I will take a break from the usual rants about government stupidity and my philosophical discussions about how people should act and the world should look. Instead, we will discuss some nuts and bolts of Asset Protection Planning. For the purpose of discussion, I will share with you a couple recent client (names [...]
Like many of you, I am an entrepreneur. In high school I was a bag boy at the local grocery store, then unloaded trucks for UPS, and on to go-kart track ticket taker. Also during that time I worked mowing yards and other various odd jobs. My income producing years began at around age 12. [...]
One of the most commonly requested products in offshore asset protection planning is the formation and maintenance of an offshore company. If you believe what you read on the internet (yes I know, you are also reading this on the internet), the options are virtually unlimited and everyone proposes they have the best solution. You [...]
You are probably reading the title thinking I have lost my mind. Your thoughts are probably something like this; “He promotes offshore asset protection as a necessity in these tumultuous times. How can he rationally recommend asset protection structures in the US?” While it is true, I do think offshore companies, offshore banking, offshore trusts [...]
First of all I want to apologize to my regular readers. In over 3 years I have not missed one single Thursday newsletter…until last week. The past few months have gotten increasingly busy here at Global Wealth Protection. We have seen a lot of new clients as well as an increase in traffic on our [...]
Over the past couple of weeks I have gotten an enormous number of inquiries regarding offshore banking and how this is implemented with asset protection planning. For many of you reading this, you may already have an offshore bank account and possibly an offshore company in a place like Seychelles, Belize, Nevis, Cook Islands or [...]
I want to begin this newsletter by wishing all of my friends, family and readers around the world a happy holidays. There are a myriad of winter traditions celebrated around the world on a variety of days ranging from Saint Nicholas Day on December 6th, Hanukkah from December 20-28th, Catholic or Protestant Christmas on December [...]
This week I felt it would be important to address the topic, “What is Asset Protection?” While you clearly have some idea what is involved in asset protection planning, I frequently get this question or some derivation thereof. The quick and simple answer is that asset protection is a means of protecting your assets from [...]
Asset Protection Planning Could Have Saved Victor a lot of Trouble Yesterday I had a conversation with a friend of mine about offshore asset protection planning and the PT lifestyle. He didn’t understand why anyone would want or need a 2nd passport, a Seychelles company (IBC), or offshore bank account. Understandably, this is a common [...]
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