Asset Protection

A Nevis Multiform Foundation is a unique type of offshore foundation.

Like an offshore foundation it is a separate legal entity with beneficiaries.

Also, the founder elects whether to run the multiform foundation like a company, LLC, or a trust.

This makes the Nevis Multiform Foundation resemble entities found in the USA.

Other Nevis Multiform Foundation benefits include:
-can conduct an active business
-no recognition of foreign judgments for asset protection
-no taxes in Nevis
-privacy and also confidentiality from public records
-the founder (person who sets it up) can manage foundation, unless (or until) involved with a lawsuit
-a “supervisor” can step in to manage the foundation if the manager is involved in a lawsuit
-disregarded entity status available for pass-through IRS taxation
-finally, minimal offshore reporting requirements for single member LLC foundation

Colin Ley is an asset protection attorney and the co-founder of LayRoots (along with with partner in life & business – Shreya Ley)

Schedule a free, quick call for us to talk about your asset protection strategy at livemorecarefree.com.

Speaking with these other partners in life and business has been heartwarming, inspiring, and really interesting. We loved speaking with the Garcia Martin & Martin, P.C. | Attorneys at Law about their dreams, goals, life, and business. They have some great advice for other PILABs!

We hope you enjoy this interview with Lionel and Melissa.

No children? No problem. Take care of all those little nieces and nephews in your estate plan.

Schedule an initial call
https://livemorecarefree.com

Interested in asset protection? If so a cheap, basic LLC might seem appealing compared to dropping $7,500-$30,000 on a real asset protection plan. As they say though…you get what you pay for. If all you’re willing to pay is $50 you might as well just light those bucks on fire.

Colin Ley is an asset protection attorney and the co-founder of LayRoots (along with with partner in life & business – Shreya Ley)

Let’s talk about your asset protection strategy: Schedule a time for us to talk at livemorecarefree.com