Overview of Combining Family Limited Partnerships and International Trusts
For maximum asset protection, we often recommend that the limited partnership
interests be owned by an international asset protection trust. Family
members can be the general partners and control the partnership assets.
Upon any threat to the partnership, or its assets, the partnership simply
Since the international trust would own most of the partnership interest,
it would receive a corresponding share of the partnership assets upon
liquidation. The partnership proceeds entrusted internationally would
enjoy considerably greater protection. Moreover, since the trust owns
the limited partnership interest, it would not be subject to a charging
order from creditors of any family members involved in the partnership.
YES, YOU CAN LOSE EVERYTHING!
You may think that your wealth is safe and that you don't need protection.
But don't delude yourself and accept reality — for every 60
minutes you spend making money, spend 60 seconds thinking about how to