Asset protection

For many years, asset protection has been recognized as one of the basics of retirement and estate planning. One option for asset protection is a foreign trust, which offers US citizens opportunities to diversify into a number of better performing global investments not generally available “on-shore.” Since 75% of the world’s capital is held outside the US, it makes sense to have improved access to that market.

In many instances foreign countries offer more flexible trust laws that allow trust creators to shelter assets from frivolous lawsuits, create entities that will last for generations and effectively manage and distribute those assets. However, it is vital that you work with a qualified estate planning Las Vegas attorney that will develop a plan that will adhere to the laws and regulations of the foreign country and the US.

It is important to understand that the planning and establishment of these trusts must occur long before they are needed. In other words, if you wait until you are being sued or chased by creditors, then it’s too late. An asset protection trust must be in place before the debtor or defendant has been sued or, for that matter, even threatened with a lawsuit. Talk to one of our skilled estate planning attorneys to help you avoid any potential fraudulent conveyance so that the trust not will be set aside and unable to protect anything.