Home Add to Favorite Contact Submit  
             14 November, 2024
 

    
Category:  Articles » Finances » Estate-Plan-Trusts

 

Asset Protection Options

Popularity:
         Views: 2518
2007-09-19 10:08:29     
Article by Ken Wilssens

When thinking of your assets and obviously you have or you wouldn't have found this article, you have looked into different options there are out there for you to protect your investments. These options are designed for both Offshore and Domestic assets. When deciding on which protection you need it also depends on the monetary value of your property. You need to also factor in the type of asset it is and what possible risk you face.

There are four different options you can choose from to protect you. The first is the Domestic Asset Protection Strategy, by properly forming a Private Nevada Corporation using a service that owns the asset or sharing the ownership with other companies. This way when someone searches your name there is not a lot of wealth attached. You can also set up a Nevada Office Program; you can do both of these by using a Nevada Privacy Service. This is helpful for expensive legal battles. The cost of the Domestic Asset Protection Strategy Costs are; a Nevada Corporation $599, a Nevada Privacy Service $500, and a Nevada Office Program $995

The next is the Offshore Protection Strategy; by setting this up properly you will get a fairly large amount of financial protection and privacy. You have a choice between an Offshore Company and an Offshore Bank Account. Offshore Asset Protection Strategy Costs range from $1495 for an Offshore Company to $350 for an Offshore Bank Account.

Then we have the Offshore Asset Protection Strategy this strategy includes an Offshore Company, an Offshore Bank Account, an Offshore Office Program and a Privacy Service. By taking that Offshore Asset and adding an Office Program and Privacy Service you remove your name from showing up on any documents, also making your Offshore Company and Asset a Legal business. These services also offer the Protection and Privacy you might be looking for. Offshore Asset Protection Strategy Costs run from $1495 for the Offshore Company, then $350 Offshore Bank Account, next we have $995 for the Offshore Office Program and finally $500 for the Privacy Service.

Finally, we have the Bulletproof Asset Protection Strategy; the Bulletproof is the highest level of protection you can get. An Offshore Limited Liability Company is set up in the Cook Islands and the Limited Liability Company holds the Bank accounts, by having the LLC you have interior control over what is going on in your company. And if you get sued then the LLC retains control of the company and a trustee retains control over the Limited Liability Company. A Bulletproof Asset Protection Strategy Costs Can run from $1495 for the Offshore Company then the Offshore Trust in Cook Islands can run $7995, and the Swiss Bank Account is $550.

When you decide which Asset Protection option is best for you and your company, you can then look into different companies that specialize in setting these up. You will also need to let your lawyer go over any paperwork and remember you have to pay taxes on any money received from these companies.

For lots of tips, advice and information on asset protection and related topics visit The Estate Planning Guide at http://www.theestateplanningguide.com

Specialized in: Asset Protection
URL: http://www.theestateplanningguide.com
Print article      Bookmark this page
Related Articles 
Who Should Be an Executor - Top Tips For Choosing the Right People (Popularity: ): Being an Executor in a Will is an important role with quite a bit of responsibility. When you are writing your Will the choice you make on who will be your executors will have an impact much later on when unfortunately you will not be around. Your Executors will be carrying out your wishes as you have stipulated in your Will. They have no say in who gets what (unless ...
Second Marriages in Florida - How to Protect Your Estate Plan (Popularity: ): Second marriages in Florida create a number of issues that, if not properly addressed, could make a shambles of your estate plan.It is very common for a widow or widower to remarry. Most of these persons still plan to leave their estate to their children from the first marriage. Their trusts and wills distribute all of their assets to the children, so they see no need to change their estate ...
The High Cost of Probate - Finding Cash to Pay the Bills (Popularity: ): Dealing with the death of a loved one is extremely hard and to make matters worse, when it comes to probate it can get even harder. For the loved ones left behind, sometimes the cost of probate can become overwhelming and in many cases, unaffordable. Even when an inheritance is expected, it could be many months, even years before the inheritance is actually received. What is even more unfortunate is ...
Giving the Gift of Legacy (Popularity: ): Have you ever stopped to wonder what gift your children or grandchildren would most value from you long after you are gone? The answer may be simply your story. Nothing could be more priceless to a child than to read and reflect on words of a loved one, drafted to transmit a three-dimensional perspective in a two-dimensional note. Not everyone can pass along a financial legacy, but everybody can transmit ...
The Practical Workings of Trust Funds (Popularity: ): You've heard about people using trust funds for everything from handling their affairs while they travel to providing for orderly distributions to heirs when they pass away. So, just how do these funds work?Parents often wonder how to provide for their children when they grow older, and one of the best ways to do so is to set up a trust fund. A trust is a logical step for those ...


Related Business 
Asset Protection Services (Popularity: ): Asset protection planning and wealth preservation help you prepare for the unpredictable. Let The Connolly Law Firm draft your Plan and keep your assets safe. Our primary goal has been to provide vital asset protection, estate planning and wealth preservation structures and services to our clients to properly protect them from the ever increasing "deep-pocket" syndrome of frivolous lawsuits and unwarranted legal actions that often arise in today's society.
Asset Protection Trusts, A Legal Way for Americans to Protect Wealth from Lawsuits and Divorce (Popularity: ): An asset protection trust can provide a legal domestic on-shore method to protect wealth for Americans. Threats to wealth include divorce and legal actions. These instruments are often called Alaska Trusts or Delaware Trusts.
International Wealth Protection Reports (Popularity: ): Consultation for asset protection and international tax law.
Panama Corporation (Popularity: ): Panama Corporation - Offshore management company offering range of asset protection & management services in Republic of Panama and nearby juridictions. Atlas Offshore Management & Services is a company dedicated to the provision of specialized services in the asset protection and management areas.
Practical Protection Associates Inc. (Popularity: ): Offers management consulting services in all areas of security, including computer and network security, asset recovery, and protection services.
Dominion Protection Services Ltd. (Popularity: ): Dominion Protection Services (DPS) is a full-service Calgary security company that provides individuals, businesses and organizations with a wide variety of solutions for their specific professional needs. We are an industry leader in business risk consultancy and protection services, with over a decade of experience. We offer extensive security options for high and low risk properties, providing the highest quality protection services available to a broad range of industries.
Self Directed Retirement Plans LLC. (Popularity: ): SDRetirementPlans.com offers comprehensive solutions for self directed 401K, IRA, investments and retirement plans. Find investment options with limited custodial fees, checkboard control, asset protection, diversification and all the support to succeed. The flexibility to invest when, where and how you choose, along with 100% CHECKBOOK CONTROL. No more waiting. No more paperwork. Investing is as simple as writing a check.
Artistscope Copy Protection (Popularity: ): Protect images from all means of copying using special encryption to support Mac OS and Windows. Company provides several options for copy protection to suit all users and applications.
Computer Asset Management Software (Popularity: ): Software Asset Management (SAM) is an important IT asset management strategy used by organizations to effectively manage their software assets. In this regard, Lepide Software Asset Management tool, which is an asset tracking software, helps enterprises in the overall management and optimization of software purchase, licensing, deployment, utilization and their maintenance. Asset management software is implemented for asset tracking along with performing other functions like compliance management, software audit execution ...
Dominion Protection Services (DPS) (Popularity: ): Dominion Protection Services (DPS) is a full-service Calgary security company that provides individuals, businesses and organizations with a wide variety of solutions for their specific professional needs. We are an industry leader in business risk consultancy and protection services, with over a decade of experience. We offer extensive security options for high and low risk properties, providing the highest quality protection services available to a broad range of industries.