Is Using Offshore Trusts for Asset Protection Still a Good Idea?
There are many specific methods for implementing Asset Protection planning, some work some don’t. We’ve always had a bias towards the use of offshore trust structures set up at the right time, in the right place with the right language.
Why? Because they take the discretion away from plaintiffs and their attorneys and create a point in time beyond which there is a predictable result.
This article is points out a couple of interesting details:
First, that nobody’s property is safe when Congress is in session.
Second, that a foreign trust in the right offshore jurisdiction is not subject generally to any U.S. judgments.
ProAssetProtection.com is the informational website of Attorney Ike Devji, Of-Counsel, Lodmell & Lodmell, P.C. and Of-counsel, Davis Miles Mcguire Gardner.
Ike Devji is an Arizona licensed attorney with a principal place of business at: 8245 N. 85th Place Scottsdale, Arizona 85258.
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