Asset protection
Asset protection refers to a set of legal techniques for protecting one's belongings against lawsuits and judgments. The following article is based primarily on US law.
These techniques range the gamut from titling property ownership in certain ways (such as joint ownership and ownership by entireties) to the conversion of assets into forms that are exempt from seizure by creditors (such as a homestead exemption, or equity stripping, or collaterization of accounts receivable).
The offshore asset protection trust (APT) is one of the safest methods of asset protection available when established by professionals before a suit occurs in a legal and tax neutral way, the results are staggeringly effective at limiting creditor access. The important t...
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