Asset ProtectionAsset Protection SummaryAsset Protection review is appropriate for individuals who are in "high risk" (subject to frequent or frivolous litigation) professions or where there is a need to have a formal plan to transfer ownership to another generation or spouse independent of creditor attack. Foreign Asset Protection Trusts offer an unusual blend of protection through the use of the unique statutory structure created in several popular Offshore Financial Centers. However, they entail material costs and potential tax reporting requirements. A qualified legal firm should be retained to assist with implementing any Asset Protection Plan. We are neither suggesting nor advocating Asset Protection Trusts for every individual or family. There are many cases where other alternatives may prove more beneficial. Nevertheless, for many clients the effort is worthwhile. Our firm is prepared to assist clients in most related commercial, contractual and asset protection matters. Please feel free to contact our office if you believe an Asset Protection Plan or Asset Protection Trust may be appropriate in your particular situation.
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