Updates

How to protect business assets when employees work from home

How to Protect Business Assets when Employees Work from Home

As a result of the COVID-19 pandemic, many businesses found themselves making the transition to a working from home environment for the very first time. And, some businesses are considering closing offices for good, opting for employees to WFH (Work From Home) as a cost-saving measure. The problem with shifting to a remote work environment was that many businesses did not have the technical infrastructure in place essential to supporting […]

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The Future of Wealth is Female

The Future of Wealth is Female

Women comprise half of the population, but were not historically treated as a financial force to be reckoned with until recently. The rising economic power of women is considered to be one of the most significant economic shifts to occur over the past several decades. Women control over half of the personal wealth in the U.S. totaling $14 trillion. And, wealth experts estimate that, by 2030, women will likely be […]

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Should you consider life insurance for estate planning?

Should You Consider Life Insurance for Estate Planning

Life insurance can be an important part of your overall financial strategy. One of the most common uses of life insurance benefits is to pay for final expenses after your death, including funeral or cremation costs, medical bills not covered by your health insurance, and other unpaid obligations you may leave behind. Life insurance can provide income replacement for your family if you die early. However, life insurance is a […]

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How to get money from your offshore account

How to get money from your offshore account

The purpose of an offshore trust is to protect your assets from creditors and lawsuits. Making use of an offshore asset protection trust is like putting your money in a lockbox where it’s going to stay secure and protected. Your trust is not like a bank account, so you should not be withdrawing funds whenever you feel like it.  However, if you require assets at some point, there are ways […]

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How much does international protection cost

How Much does International Protection Cost?

Using offshore accounts is a great option for asset protection. When managed properly, international asset protection provides several advantages: Confidentiality Diversification Protection from creditors and legal actions Increased yields Tax benefits While international asset protection is a legal method of protecting your assets from being lost as a result of lawsuits, account freezes, or the lack of security with domestic accounts, it needs to be managed within legal limits. Therefore, […]

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Tax Benefits of an Offshore Trust in the Cayman Islands

What are the Tax Benefits of an Offshore Trust in the Cayman Islands?

The Cayman Islands is an autonomous British Overseas Territory consisting of three islands  located to the south of Cuba. The main island, Grand Cayman, has long been recognized as an offshore tax-free jurisdiction. As one of the most popular tax haven countries in the world, it has been a desirable place to conduct business in for many years.  Although Cayman law has been derived from English common law, this jurisdiction […]

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What you need to know about tax planning with an offshore trust

What You Need to Know about Tax Planning with an Offshore Trust

Unlike a domestic trust, an offshore trust offers you full asset protection because your assets are no longer physically tied to the United States. Therefore, they are no longer under the legal jurisdiction of the United State court system. This is why your assets are protected from unexpected lawsuits and creditors. Properly implemented offshore trusts are tax-neutral. In other words, the jurisdiction where the trust is established should not impose […]

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Keeping your money in the United States can be a bad idea, here's why.

Keeping Your Money in The United States may not be the Best Choice

An offshore trust might be the best method of protecting assets you’ve worked so hard to achieve. With the various economic and political issues which can create some financial instability both at home and abroad, protecting your wealth against U.S. tax laws, from creditors and legal judgments becomes of tantamount importance. Keeping your money in the United States in an onshore trust may not be the best vehicle when it […]

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real estate asset protection attorney

Combine the Benefits of Estate and Asset Protection Planning

Estate planning is the process by which a person can plan for the management of their affairs and the transfer of their assets in anticipation of death or if they should become incapacitated. With estate planning, you want to make sure that your estate passes to the next generation with the least amount of taxes and administrative inconvenience.  Asset protection planning protects an individual’s assets and gifts to beneficiaries from […]

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Can a Foreign Trust Protect Against Lawsuits

Can a Foreign Trust Protect Against Lawsuits?

While most individuals take steps to ensure that their wealth is passed on to their heirs after death, many neglect to protect those same assets while still alive. The simple truth is that nefarious actions, such as frivolous lawsuits, can threaten your hard earned wealth and put your legacy in jeopardy.  That’s why asset protection planning is an important facet of comprehensive estate planning.  And an effective financial protection plan […]

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