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TaxSrv wrote:
"Kevin" wrote: This is the very reason all of my assets are owned by a Revocable Living Trust . Bullet proof protection of assets . Are you sure that's going to work in your state? Here's sample advice for physicians that it won't: http://www.physiciansnews.com/finance/1101dv.html For the ultimate in asset protection and estate planning the offshore Asset Protection Trust is the way to go. When you combine domestic strategies with the the asset protection trust, you become 99.9% bullet proof. With an offshore trust controlling your asset, it becomes very difficult if not impossible for a creditor to gain control or get the assets sent back to the U.S. Just like a revocable living trust, the offshore asset protection trust allows you to avoid probate and distribute your assets to your heirs. Since it is governed by an offshore jurisdiction, the trust is not subject to U.S. claims or orders from U.S. courts. |
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