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.
See the Article From Newsmax.com http://www.newsmax.com/Kleinfeld/Foreign-Trusts-Protect-Assets/2011/10/24/id/415473#ixzz34NBBXzyE
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