Anyone with liquid assets titled in their personal name could lose it all
to a lawsuit. The ideal way to protect your brokerage account would be
to utilize international entities. Utilizing a foreign LLC or trust to
own the account would afford you the highest level of protection. A creditor
would not be able to enforce a judgement without relocating their case
to the international jurisdiction in which your accounts are held. Often
times a creditor will not even bother to do this as the cost of such endeavor
would generally be much greater than the benefit. International jurisdictions
such as the Cook Islands, Nevis, Belize, and Switzerland have built their
reputations on acting in the best interest of their investors.
The next best option would be to title your accounts to a domestic protective
entity such as a Limited Partnership or LLC. You will want to create these
entities in a state that has the most favorable Asset Protection Laws.
The most important thing to consider are the rights of a creditor to claim
your ownership interests in these entities. State laws and court rulings
are not necessarily consistent on this vital issue. The Limited Partnership
offers the best domestic protection for your liquid assets. Not only are
the assets protected from lawsuits and creditors, but you keep full control
over your assets. Furthermore, the Limited Partnership can also reduce
gift and estate taxes. Few other entities offer as many advantages as
the Limited Partnership.
For additional guidance on how to protect your investment accounts contact
The Presser Law Firm’s experienced Asset Protection attorneys. We
offer complimentary preliminary consultations which can address your specific
questions or concerns and help you understand exactly how to protect your assets.
The Presser Law Firm, P.A.
6199 N. Federal Highway, Boca Raton FL 33487
(561) 953-1050 or e-mail Info@AssetProtectionAttorneys.com