Is Asset Protection Legal?

Oct 30
22:00

2003

Floyd Tapia

Floyd Tapia

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Perhaps you've heard of or seen ... ... of Swiss Bank ... Offshore Trusts and ... and Tax Havens of the rich and famous as jet setting moguls live ... yet exciting

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Perhaps you've heard of or seen Hollywood's
portrayal of Swiss Bank accounts,Is Asset Protection Legal? Articles Offshore
Trusts and Corporations, and Tax Havens of
the rich and famous as jet setting moguls
live mysterious yet exciting lives.

But in the real world, although these same
financial structures (most administrated by
reputable and legal banks), have been around
for hundreds of years, there are still many
people who consider the above strategic
asset protection entities as illegal.

I think we need to look at what they were
intended to do. Asset or lawsuit protection
laws were designed for the very purpose of
protecting your assets from being frozen
and the possibility of unjust forfeiture.

Still others consider asset protection a moral
dilemma... something unethical or dishonest.
This is the furthest thing from the truth.


But, at the same time, I'm not trying to start
a moral debate here nor am I recommending nor
would any attorney in their right mind advise
that you avoid paying a judgment or fine that
you rightfully owe.

That being said, I feel you should be in the
position to make the final verdict on what is
fair and right.

Because when lifetime, incumbent judges and
bleeding-heart juries stop handing out ludicrous
decisions, then I'll be the first person to tell
you that you'll no longer need to protect your
hard earned assets.

I guess the irony of it is, collection lawyers,
government agencies such as the IRS and the FTC,
and everyone outside the asset protection circle,
make every effort to characterize legal asset
protection as dishonest, fraudulent, or worse.

Of course, their motives are transparent. They
viciously denounce anyone who successfully stop
their efforts to collect or seize their assets
which then disrupts the stream of income flowing
in their direction.

So, total asset protection is NOT illegal or a
privilege; it is a freedom protected by the
U.S. Constitution. Imagine that.

I think most people would be totally surprised
at how many of our politicians and well known
corporate giants have gone offshore to safe
guard their millions in assets.

Looking into asset protection and then taking
action to protect your business and personal
assets maybe one of the most important and
intelligent financial decisions you may
ever make.

So, talk to an asset protection consultant
and attorney now... before its too late.

Because the cost of setting these protection
devices in place will be ridiculously small
compared to the cost of losing your home,
cars, retirement and investment accounts.
Not to mention the unimagineable stress.
Do it now.