With so much economic doom and gloom surrounding us, it makes sense to batten down the hatches and protect your assets. If your assets are scattered about and are not protected, your liabilities could be laid wide open and your financial situation and personal security could be put at risk. However, an offshore trust can … Read more
Grantor. The grantor is the creator of the trust and the person who is eligible to make gifts to the trust. You may serve as the grantor of your own trust, or you may ask a parent or another relative to establish the trust for your benefit.Trustees. The trustees control the trust and make decisions about … Read more
With the increased interest in asset protection strategies, it has led to some confusion on what they are and how you can use them to protect your wealth. There are many different strategies available to protect your assets and it is in your best interest to understand the different asset protection devices and how they … Read more
Most of the time chapter 7 is the best case scenario, however there’s also chapter 13. Chapter 13 should be used when there’s a lot of equity in a house or some other kind of asset that a debtor is trying to protect. An example of this can often be seen when a person comes … Read more