The most defensive way you can protect your assets is International Asset
Protection. While domestic Asset Protection offers great protection, International
Asset Protection can offer you more. Anyone with a net worth more than
$500,000 should consider international protective strategies. There are
numerous benefits involved such as increased protection from creditors,
avoidance of fraudulent transfers, and potential tax benefits.
First, foreign jurisdictions do not recognize or enforce U.S. judgements.
This means that if you have a lawsuit against you, your offshore assets
are better protected from creditors. Lawyers would have to litigate the
case in the international jurisdiction where your wealth is held. This
is an expensive and time-consuming process as lawyers would need to physically
travel to the international location. In fact, fewer than 3 out of 100
judgment creditors even attempt to recover international wealth.
Another benefit is that international protection puts you in a better negotiating
position in the case of lawsuits. As stated above, the process of creditors
obtaining offshore wealth is lengthy and costly. Combining international
protection with domestic protection allows you to rest-assured knowing
that one lawsuit will not wipe you out. This additional protection is
especially important for those in high-risk professions, such as health
With your assets offshore, you can potentially avoid fraudulent transfers.
A fraudulent transfer is one that is made with actual intent to hinder,
delay, or defraud any creditor of the debtor. An example of a fraudulent
transfer would be transferring a large sum of your wealth into another
person’s account when you are sued. However, if you transfer it
to an offshore account, U.S. creditors will not be able to access it.
International jurisdictions do not recognize fraudulent transfers; therefore,
leaving you with more protection.
There is also potential to save on taxes when you safeguard your wealth
overseas. While you will need to report to the IRS the amount of money
you have in your international accounts, you will not have to pay taxes
on it. You will be taxed on any money you take out of your offshore account
and transfer to the U.S. Therefore, you will receive tax benefits by keeping
part of your wealth in an international jurisdiction.
The statutes of each international location are what make it so protective.
In fact, we have helped rewrite some of the Asset Protection laws for
these foreign jurisdictions.Popular choices of international jurisdictions
include Nevis, the Cook Islands, Cayman Islands, Belize, Isle of Man,
and the Bahamas. Nevis and the Cook Islands, in our view, are the two
most protective jurisdictions.
For more information on International Asset Protection, contact The Presser
Law Firm, P.A. for a complimentary preliminary consultation.
The Presser Law Firm, P.A.
6199 N. Federal Highway, Boca Raton FL 33487
(561) 953-1050 or e-mail