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Home > Services > Global Asset Protection > Global Asset Protection > Protecting Your Assets in a Global World
The best reason to go global is that Global Financial Centers offer the right protection, taxation and timing for each individual asset, business or investment. The supporting premise is that no other country automatically upholds US judgments; therefore, you must remove the asset from the jurisdiction of the long arm of the domestic law. Offshore is not the only theory, it is the only bulletproof theory, but it has to be appropriate and legal.
A US judge, no matter what state the trust is created in, can pierce a US trust created by a US citizen. Once a trust is set up within a reputable foreign bank, the chances are slim that a foreign judge will simply comply with a US judgment. This means a creditor and their lawyer will have to retry the case in another country, often at their own painful expense. This possible expense deters many people from beginning the litigation process.
There are strict rules and laws to follow when setting up business entities on a global basis. Asset Protection Trusts are not tax shelters. Settling money offshore does not equate to the vanishing of assets on record. All US citizens must claim and pay taxes on all their worldwide income.
Strength and security seek their roots in the timing of transfer. Global Asset Protection strengthens over time after it is settled. It is best to settle money and assets offshore when there are no hints of creditor attacks. If a person waits until a lawsuit is filed, the transfer of assets may be considered a fraudulent conveyance, which is a criminal penalty punishable by fines and imprisonment.
Conducting business with offshore companies that have expert qualifications and references is the safest way to protect assets as long as all US and international laws are followed. To ensure the reliability of going offshore, consult a specialist who can set up an individualized plan.
There are also many other reasons to explore international business. Going global can be an effective way to diversify and protect a stock portfolio. There are unique business opportunities for entrepreneurs who are willing to take the time to research the markets and analyze the needs of an international customer base. Knowledge of exchange rates may create the advantage of lowering costs or increasing profits. With so many opportunities available in a world market, it makes sense to investigate and understand the options that exist.
Like any business opportunity, going offshore requires knowledge of the laws and careful planning. There are professionals who navigate these international pathways on a daily basis. There is no reason to go global blindly or to wade into shark-infested waters. Global fees are affordable in most instances and an entrepreneur should be aware of the certifications and qualifications of the expert they have chosen for consultation. Global business opportunities can be a useful, intricate part of a successful financial strategy.
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.