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Home > Services > Global Asset Protection > Trusts & Estates > Global Asset Protection Trusts
An Asset Protection Trust, commonly referred to as APTs, combines a traditional trust with the protection of an Global Financial Center. The key strategy in using global trusts is to keep wealth as far away from potential creditors as possible and still follow all US and International laws.
How does a Trust work?
A trust is a legal relationship in which one person holds property for the benefit of another.
Generally a Trust involves at least three people: the grantor or the person who creates the trust, the trustee or the person who holds and manages the property for the benefit of the grantor, and one or more beneficiaries, these are the people who are entitled to the benefits of the trust.
What is Asset Protection?
Simply stated, Asset Protection is a collection of financial tools used to secure valuable properties against creditor attacks that may be in the future. These properties can be in the form of money, businesses, savings, houses, cars, stocks, and bonds.
The Foundation of Asset Protection Trusts
Asset Protection trusts work on two principals:
1. What you do not own cannot be taken from you.
2. No country in the world automatically recognizes US judgments.
In other words, if a client places money in an asset protection trust, they effectively do not own their assets any longer, and US courts will not be able to force any distributions to a creditor.
Of course, this is the simplified version. If an Asset Protection Trust is not carefully prepared, it may offer no protection at all, and, worse, may land a debtor in contempt of a US judge. When dealing with international laws and US tax codes, it is vital to seek out the advice of an Asset Protection Specialist.
One attitude that cannot be tolerated in medicine is a lack of care or apathy. We feel physicians should exercise the same standard of care toward their accumulation of assets, property and wealth.
Written by the foremost expert in the country!
Physicians and their Advisors Will Gain a Practical Guide in the Following Subject Areas
►Asset Protection
►Estate Planning
►Income Tax Reduction
►Financial Planning
►Office Management
►Corporate Structure and Protection Structures
Learn how to protect your personal and business assets from disgruntled patients, creditors and divorce through the use of domestic and offshore planning tools.
Estate Planning - Learn how to avoid the most common estate planning mistakes that could cost your heirs $500,000 - $3,000,000 or more and learn how to avoid the 70-83% tax trap.
Income Tax Reduction - Learn how to reduce your income taxes by $25,000 - $200,000 annually while avoiding the tax avoidance shams in the marketplace.
Financial Planning - Learn how to protect the principal of your investments while still giving yourself the opportunity for upside growth if the stock market performs well.
Office Management - Learn several practical and easy to implement solutions that will help you run a more efficient and financially sound medical practice.
Asset Protection Planning Part 3 concentrates on the protection of personal residence, business acco ...
Trustmakers Estate Tax planning provides advisor direction and guide information on protecting your estate.