New Reality in Asset Protection Offshore; Trusts, Foundations and Now Asset Protectio

[Jeff Lipton]

Posted Today at 12:24 PM by Jeff Lipton | Category: Uncategorized

Part 2 January 31, 2009
Sophisticated forensics and cooperation by global regulators are such that it's simply a matter of time before illegal structures are found. The fact that many are still not uncovered has more to do with the; ?too many fish in the sea concept? than anything - but time is running out. If you can't defend the structure because it's illegal, or it exists because of a complex system of nominees obscuring ownership, or if the jurisdiction is so exotic or foreign that normalized relations with other countries do not exist, then the structure will not be effective for any duration of time in the post-911 world.
The bottom line is that the asset protection structure must be as defendable and as easy to access as a domestic one yet provide all the benefits of an offshore solution. You should not have to accept less and should know that the protection will be there for generations to follow. In sum, it?s time for professionals to wake up and realize that there is a huge difference between giving advice as to asset protection versus tax-assisted offshore planning. If you want to protect a client?s assets, you can no longer hide them in antiquated ?secret? formats. You need the law to serve and protect them. It?s time to espouse irrevocable, declared, and regulated, legal asset protection planning, if only because it works.