Asset Protection is the collective term for all legally sound ways to legally protect your assets from third-party access. The modern world is full of risks to your wealth. Entrepreneurial liability, “astonishing” court decisions, divorces, successions, and other events can undo the values you have created over decades in an instant. Armed in good time, Asset Protection provides an effective shield for your assets.
TO PROTECT YOUR OWN ASSETS STRATEGICALLY USE OFFSHORE TRUSTS
The pivotal point here is the transfer of assets abroad because European and especially domestic structures do not offer the necessary protection. In addition, your domestic assets are relatively easy to identify, making it easy prey for creditors and other claimants.
You can escape this risk by transferring your assets to jurisdictions that are known for advantageous asset protection legislation.
The target countries we recommend in the area of asset protection are characterized, among other things, by the lack of agreements that automatically allow foreign court judgments to take effect domestically. If, in fact, an attempt were made to enforce a foreign court verdict in the country of destination, it would entail tremendous time and expense – not to mention the many legal obstacles. It is only too understandable that creditors shy away from this imponderable risk and refrain from it.
An example of successful asset protection
In a court case in Europe, a verdict is passed to your disadvantage. For your unprotected assets, this could have catastrophic consequences right now, because while you continue to seek a judgment in more time-consuming and cost-intensive procedures, your opponent is already taking precautionary measures to enforce his claim.
In fact, the vast majority of your assets are already safe in asset protection and therefore in a state that does not comply with the judgment of a third country. Thus, your opponent of the process has won the legal proceedings, but ultimately only achieved a Pyrrhic victory, because in the execution of which he will, if he seeks any such, almost certainly bite his teeth.
DECISION REQUIRES INFORMATION
If you continue to invest your assets domestically, you put your long-term assets and property at high risk. You should be aware of this unpleasant fact.
On the other hand, you may wonder how secure your fortune is in a foreign jurisdiction where you neither live nor whose legal practices you know.
We answer all your questions and show you ways that have not only proven themselves in practice for many years, but also withstand every review.
ASSET PROTECTION “ASSET PROTECTION” USING THE EXAMPLE OF COOK ISLAND TRUST
Protecting your assets with one of the preferred asset protection programs in the future will leverage the benefits of varying jurisdictions at the international level.
At the same time, you have full control over your assets and at all times you can be sure that you will keep the jurisdiction of your recommended state safe from third-party access.
The possibilities of effectively and sustainably protecting your assets through asset protection are, of course, extremely diverse. A whole range of design options are available to you and adjustments to your individual needs are almost unlimited possibilities.
Of course, the entire knowledge area around the topic of “asset protection” is enormously extensive. You will be assisted by experienced experts who will ensure that your strategy is legally sound and, if necessary, ensures the desired protective effect.