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| Effective asset protection
involves constant consciousness and common sense perhaps more than
sophisticated strategies. Asset protection begins with free and simple
practices like not giving retail store clerks personal information
after every $2.00 purchase, and extends to utilizing complicated and
expensive offshore asset protection trusts.
Asset protection can be accomplished through maintaining privacy, insurance, separate legal entities, careful titling of property, effective use of trusts, marital agreements, avoiding fraudulent asset protection schemes, bankruptcy, credit management, and understanding the risks and tax ramifications of offshore strategies. As persons accumulate assets they become targets of those who are adept at looting assets through devices ranging from frivolous lawsuits to theft. If you have accumulated assets to the extent that asset protection is an issue, or if you are at risk because of activities in which you participate, a consultation may help you assess your risks and consider appropriate protection measures. Click on the “Books for Sale” page for writings on the topic, or contact Nick Romer at 1-800-836-0012, or romerlaw@hotmail.com. |
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