The days when a trust or LLC could completely hide your identity are gone. Registered agents, trustees, and bankers are all required to know who is the “natural person” (human being) behind an entity. These “know your customer” laws require knowledge of who owns, or establishes, an entity.
[Read more…] about Ultimate secrecy (not gonna happen)Not tax evasion
Asset protection is not about hiding money and tax-dodging schemes.
[Read more…] about Not tax evasionWhy can’t I be the only person in charge of my asset protection trust?
If you are the only person in charge of your trust, a judge can order you to hand over the trust assets to your creditors.
[Read more…] about Why can’t I be the only person in charge of my asset protection trust?How can I be a trustee and also get asset protection?
People rarely want to give up control of their trust and assets. It is possible to be the trustee of your asset protection trust, but it must be set up properly so that an independent trustee can step in when needed.
[Read more…] about How can I be a trustee and also get asset protection?Your right to asset protection
Done early and without motive to screw over existing creditors, you’re within your right to put an asset protection plan in place.
[Read more…] about Your right to asset protectionLLC Charging Order Fairytales
Many people think the LLC charging order is a flexible strategy that provides strong asset protection. Here are some of tactics that don’t work with charging order protections.
[Read more…] about LLC Charging Order Fairytales