When is it too late for asset protection? Generally speaking, it’s too late to do asset protection once you have a judgment against you, unless you have an arrangement to pay off the judgment (and follow through with that arrangement) and are merely planning in order to safeguard assets against future creditors. Doing asset protection ... Read More
Asset Protection in Anticipation of Foreclosure Around the beginning of 2008, a trend began that forms the basis for this article. I began receiving a lot of inquiries from people who all had the same problem. They were losing investment and/or rental real estate to foreclosure or short sale, and they knew the foreclosure would ... Read More
Take Your Wealth Offshore Before It’s Too Late! Note: This is the 2nd part of a 2 part series. To read the first part of this series, click here. In my last newsletter, I talked about going offshore in order to reduce the impact the coming economic super-storm will have on your wealth. This article ... Read More
At the end of 2010, the estate tax was to reset to 2001 levels. This would have meant any wealth over $1 million, at the time of one’s death, would be taxed at a rate of 55%. At the last moment, President Obama cut a deal with Republicans to pass a new estate tax, which ... Read More
Why Go Offshore? Note: This is the first in a 2-part series. To read the 2nd part of this series, click here. The question I’d like to answer today is: why go offshore? After all, a plethora of asset protection and estate planning options are available domestically. I myself routinely implement a wide variety of ... Read More