Copyright (c) 2009 Jeffrey Matsen
I. Introduction
Asset protection planning has been practiced by attorneys, financial planners and accountants for several decades. Business persons have always had concern over the exposure of their personal assets to claims against the business. The corporate form of business entity with its shield of limited liability has been invoked [...]
Copyright (c) 2009 Jeffrey Matsen
In most cases, when an individual who creates and transfer assets to a Trust (the maker or “Settlor” of the Trust), is also a beneficiary of that Trust, the Trust provisions will not protect the Settlor/beneficiary’s creditors from reaching the assets of the Trust. On the other hand, the law [...]
Indeed, the relationship between Trusts, both onshore and offshore, Taxation, Asset Protection and Wealth Preservation has brought about a demand for information which was difficult to obtain only a decade ago. And this is all quite legal. The super-rich have been doing it for decades. [...]
With the increasingly litigious environment we live in, many of us are interested in asset protection methods to offer some sort of protection against a frivolous lawsuit. An offshore asset protection trust is one such method to protect your foreign assets. An offshore asset protection trust is not on any land owned by [...]
It is no secret that the United States is the most litigious society in the world. That said, it is important to acknowledge that many of these lawsuits are a necessary component of our legal system, and possibly the only means to right many of the wrongs that occur in our society. However, the other [...]
Copyright (c) 2009 Jeffrey Matsen
Corporate Shield of Liability
For centuries business structures have been utilized for Asset Protection Planning. A corporation is normally a very effective way to shield one’s personal assets from liability resulting from the operation of a business. Normally, the shareholders of the corporation are only liable to the extent of [...]
Copyright (c) 2009 Jeffrey Matsen
As we are all aware, over the last few decades expanding theories of liability and the proliferation of litigation has given increased emphasis to Asset Protection Planning to the extent that it is now a well recognized area of practice. However, traditional Estate Planning has always encompassed the concepts of [...]
Copyright (c) 2009 Jeffrey Matsen
A major goal of asset protection planning is to substantially diminish and reduce your financial profile. If you can restructure your assets in such a way so as to place them beyond the reach of future potential creditors, while at the same time maintaining a beneficial interest in those assets, [...]
Are you someone who has made a considerable amount of fortune in recent times?
Or are you a person who is self employed or in a white collar profession?
Are you in the medical profession?
Does your job require you to deal with people everyday?
Do you own rental income properties and earn income from them?
Or are you the [...]
Individuals and businesses in today’s world need to increasingly protect themselves in against the litigation explosion that occurred in the latter part of last century and is continuing to this day. Asset protection is a set of legal techniques that can protect a person’s property from creditors and judgments. The best strategy to [...]