Thursday, January 29, 2009

Axioms of Asset Protection

By Jeff Lipton

I am always asked and I am tired of repeating myself, additionally I am tired of all of the hucksters, fraud artists and usual hangers-on that make anything to do with asset protection or off shore planning sleazy and untoward.

I am angry that I try and convince people that you can no longer hide assets from economic predators (governments, partners, litigants, creditors, ex-spouses, family ect.) , and that it’s no longer difficult to find you or your money.

Thus, please find as my gift, to keep out of trouble and enjoy the protection afforded by real asset protection working effectively to disenfranchise economic predators, the following axioms of asset protection.

I will expound on each in days to come;Axioms of Asset Protection;

a) Do not go offshore unless it’s for asset protection,

b) Asset protection requires a fully disclosed irrevocable disposition of assets in order to work effectively and legally, this means that the structure will be visible and thus defendable at law and yes taxable (remember you are doing this for asset protection not hide from the tax-man!).

All structures (trusts, foundations, asset protection insurance) require the aforementioned to be effective for legal asset protection to work.

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