Establishing an International Asset-Protection Trust

Posted by: Joel Posted Date: 02/07/2013

As an asset-protection lawyer, my focus is on protecting what I have before I worry about growing my assets. As Sun Tsu said 2,500 years ago in his book The Art of War, the successful warrior works to make defeat impossible prior to entering into battle. From there, victory is assured.
Asset-protection planning works the same way. Personally, I love reading all the Stansberry & Associates editors and their unique concepts for making money and growing wealth. But I want to make sure I can't lose my money through forfeiture, seizure, litigation, divorce, or the myriad other threats that may attack my clients' wealth.
So the first thing I recommend is establishing an "international asset-protection trust."

Why Precious Metals Should Be in Your Asset Portfolio

Posted by: Joel Posted Date: 01/31/2013

There are different strategies that apply in asset protection depending on the amount of money you have in your portfolio. For instance, let’s say an investor has under $250,000 in assets and would like to protect it. One of the questions they tend to ask is whether they should add precious metals to his asset portfolio. The answer is absolutely.

Your Time for Asset Protection and Estate Planning is Almost Over - Part Four

Posted by: Joel Posted Date: 12/06/2012

So, for folks with estates of over $1 million, consider gifting much or all of your wealth to an international asset protection trust. Such a transfer will not affect your future income tax, BUT it will affect your future estate tax immensely. Your assets will stay intact for your children and grandchildren rather than being destroyed under a crushing 55 percent estate tax.

Your Time for Asset Protection and Estate Planning is Almost Over - Part Three

Posted by: Joel Posted Date: 12/04/2012

I've covered a lot of ground in part one and part two of this article but in part three, I'm going to talk about how all of this impacts the estate taxes of a single person and the middle class.

So, if you are a single person with a net worth of $1.1 million and you die next year, your estate will owe $55,000. If you have $2 million, your estate will owe $550,000. If you have $3 million, your estate will pay $1.1 million. If you have $4 million, your estate tax bill will be $1.65 million and if your assets are $5 million, your estate will pay $2.2 million. In all of these cases, if the proper planning and transfers were made to a trust prior to December 31, 2012, the applicable tax rate would be zero. That is right, ZER0!

Your Time for Asset Protection and Estate Planning is Almost Over - Part Two

Posted by: Joel Posted Date: 11/29/2012

In Tuesday's article, I talked about the Bush Era Tax Cuts and how they were phased out. Today I'm going to continue that discussion and further talk about those tax cuts and what it means to your asset protection plan.

Safe and Free: The Best Place in the World for Sovereign Living

Posted by: Joel Posted Date: 10/16/2012

There's a tiny tropical paradise on the Western edge of the Caribbean that is the new land of opportunity for the sovereign individual... a new frontier for living, investing and doing business. In this beachside paradise, the water is so clear, you can see the nooks and crannies of the reef 20 feet below. Tropical breezes blow, the sun always shines, and the friendly locals greet you like they've known you your entire life.

Even better, this is a land where the money you make is yours, not the tax man's. In Belize, your assets belong to you and you alone.

Economic Second Citizenships: The Time is Running Out

Posted by: Joel Posted Date: 09/27/2012

John Templeton, one of the most successful investors of all time, saved himself approximately $100 million in taxes in 1992…

Templeton sold his successfully money management business that year, but the IRS had no legal claim to collect.  You see, Templeton is a highly spiritual man and is immensely wealthy.  And he’s also extremely philanthropic, as he plans to have given nearly all his money away before he leaves us. But John Templeton, as successful a man as you’ll find anywhere, made an interesting choice along the way...

Asset Protection for New Millennium

Posted by: Joel Posted Date: 08/15/2012

The King of Silver and the King of Rock-n-Roll

In the early 80’s two prominent men died.  One of them was a Hunt brother whose wealth had been estimated by Forbes Magazine as exceeding  $1 billion, shortly before his death.  The other was Elvis Presley, beloved King of Rock-n-Roll whose net worth was $300 million.