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Offshore Asset Protection Trust
An
offshore asset protection trust is any trust established, funded, and
administered to safeguard assets from loss to creditors, lawsuit court
judgments, bankruptcy, divorce, and other creditor situations. An asset
protection trust is often created, domiciled, and managed in an offshore
asset haven such as Belize, in which the laws are highly favorable to asset
protection trusts.
Assets might be located in the same asset haven jurisdiction, another haven
or havens, or even in the home country of the person (“settlor”, “grantor,”
or “transferor”) who funded the trust by transferring assets to it. Asset
protection trusts are usually drafted so that they are irrevocable for a
period of years. The settlor is usually not a current beneficiary or trustee
(manager of the trust’s business and investment affairs).
With a carefully-written and carefully-funded trust, the present and future
creditors of the settlor cannot get at or collect against the assets of the
trust. An asset protection trust is often drafted with a provision that the
undistributed assets and any accumulated income of the trust are distributed
to the settlor upon the scheduled termination of the trust if there is no
risk of creditor attack or asset seizure at that point in time.
An
asset protection trust is:
►An
excellent strategy to settle or shield to discourage litigation.
►A proven method to keep the ownership of assets totally secret, hidden, and
completely protected.
►A practical option in lieu of, or supplement to, a pre-nuptial agreement.
►A way for an insolvent person to re-build his or her life financially.
►A means to side-step inflexible inheritance succession laws.
How
an Asset Protection Trust Protects its Assets against Creditors
A
properly-created asset protection trust makes it very hard to impossible for
a creditor to either find or take assets titled in the name of the trust.
When an individual establishes a total asset protection program (which might
combine an asset protection trust in conjunction with one or more additional
entities such as an international business trust, international business
company, limited liability company, family limited partnership, or domestic
trust) he or she can lawfully place some or most of his or her assets
completely beyond attack and seizure by both present and future creditors.
A thoroughly and fully -implemented asset protection program frustrates
creditors and their attorneys from both finding and going after the
protected assets. Once creditors and their attorneys understand and accept
that any judicial judgment or other debt will be difficult or impossible to
collect, the creditors and attorneys don’t want to waste their money, time,
and effort in making futile collection efforts.
The complete fee to develop an overall asset protection strategy plan and to form
and implement an offshore asset protection trust is US $3,000. Your first
step is to pay the professional formation fee by using your PayPal balance,
or Visa credit or debit card, MasterCard credit or debit card, American
Express Card, or Discover Card. Simply click on the PayPal link below---
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