Updates

Is an Offshore Trust the Same Thing as an Asset Protection Trust?

Is an Offshore Trust the Same Thing as an Asset Protection Trust?

Ours has become an increasingly litigious society. Therefore, it’s become increasingly important for wealthy individuals to take some type of action in order to protect their assets from unexpected lawsuits and the claims of creditors. Many financial experts offer asset protection trusts as the best legal vehicle for shielding valuable assets. Asset protection trusts allow creditors to reach a settlement with their respective debtors on more favorable terms, therefore avoiding […]

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How wealthy should you be before creating a trust

How Wealthy Should You Be Before Creating a Trust?

A common misconception held by many is that you have to be wealthy in order to establish a trust. So, you may not have considered setting up a trust as part of your estate planning solely based on the fact that you don’t have a net worth in the millions of dollars.  However, a trust can be a very useful tool when it comes to estate planning, especially if […]

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Here’s What to do if the Executor of an Estate is Suspected of Stealing

Here’s What to do if the Executor of an Estate is Suspected of Stealing

Acting as an executor is an important job. After a person dies, their executor will be performing a variety of legal functions, including selling property, paying creditors, bringing any lawsuits that need to be filed, and, if necessary, reviewing medical records and distributing assets to their named beneficiaries. When an executor for a will is selected, they agrees to act in the best interest of the estate and to follow […]

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How Comprehensive Estate Planning is Different From the Norm

Comprehensive Estate Planning vs Average Estate Planning

Estate planning is the process of designating who will receive your assets upon your death. In addition, estate planning also determines how your affairs will be conducted if you’re no longer able to make your own decisions.   Many people are under the misconception that estate planning is only for the wealthy, but everyone needs an estate plan.  If you don’t have an estate plan in place when you die, the […]

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How Does an Offshore Trust Really Work

How Does an Offshore Trust Really Work?

Many people looking for a way to protect their assets are asking, “what is an offshore trust and how does it work?” An offshore trust is a trust that a settlor establishes in a jurisdiction that is different from the one in which they live. An offshore trust can be located in any country as long as that jurisdiction recognizes the legal concept of a trust. But only a few […]

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Make Sure Nobody Steals Your Money

Make Sure Nobody Steals your Money

Estate planning goals for high-net-worth individuals (HNWI) should include protecting inheritances for their heirs, minimizing estate tax liability, and avoiding the probate process. Living trusts are commonly used by both attorneys and financial advisors as part of the estate planning process because they ensure that assets are distributed to the correct individuals and/or entities. Trusts also help minimize estate taxes by allowing you to remove assets from your estate so […]

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Finding an offshore Trust company

How can you find an offshore trust company?

An offshore trust is one that a settlor establishes in a jurisdiction which is different from the one in which they reside. Offshore trusts are very similar to traditional trusts, with one substantial difference: they don’t have to comply when a judge in separate jurisdiction makes a demand. In other words, judges in one country don’t have jurisdiction over another. Due in part to that fact, offshore trusts can be […]

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Are foreign trusts always effective to thwart creditors

Are Foreign Trusts Effective to Thwart Creditors?

You’ve worked hard to achieve your legacy, and you want to be able to use it to provide lasting comfort and financial security for yourself and your loved ones. So, the last thing you’d want to do is to put your wealth at risk from creditors. Protecting assets and making them less vulnerable to creditors that you may not have anticipated is one of the purposes of asset protection planning. […]

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Asset protection laws in California

Asset Protection Laws in California

Bankruptcy ranks among everyone’s worst fears. Losing all of your assets and savings is a worst-case scenario, but it needn’t be yours. Varying by state, asset protection laws can help protect certain types of assets from liquidation or seizure during bankruptcy. However, in order to ensure that your assets are protected to the maximum extent of the law, you need plenty of foresight and expert guidance. In the state of […]

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image of the world globe on a dollar bill

Are there disadvantages to foreign trusts?

Foreign Asset Protection – the Pros and Cons If you are planning ahead for retirement, you will want to consider all of your options when it comes to getting the most out of your money. Whether it is through investing, speculating or good old-fashioned savings, you want to be proactive in providing for your family and children. You are probably already familiar with those options, but have you thought about […]

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