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Is Asset Protection Legal?

Posted on February 13, 2022 by Michael Smith

Maybe you've heard of or seen Hollywood's portrayal of Swiss Bank accounts, Offshore Trusts and Corporations, and Tax Havens of the rich and famous as jet setting moguls live mysterious yet exciting lives.

But in real life, although these same financial structures (most administrated by reputable and legal banks), have been around for centuries, there are still many folks who consider the above strategic asset protection entities as illegal.

I believe we will need to check at what they were supposed to do. Asset or lawsuit protection laws were created for the purpose of protecting your assets from being frozen and the possibility of unjust forfeiture.

Still others consider asset protection a moral dilemma... something unethical or dishonest. This is the furthest thing from the truth.

However, at the exact same time, I am not wanting to start a moral debate here nor am I recommending nor would any attorney in their right mind advise that you avoid paying a judgment or fine that you rightfully owe.

That having been said, I believe you ought to be in the position to produce the final decision on what is just and right.

Because when lifetime, incumbent judges and bleeding-heart juries stop handing out ludicrous decisions, then I will be the first person to tell you that you will no longer have to protect your hard earned assets.

I guess the irony of it is, collection lawyers, government agencies like the IRS and the FTC, and everyone outside the asset protection circle, make every effort to characterize legal asset protection as dishonest, fraudulent, or worse.

Of course, their motives are transparent. They viciously denounce anyone who successfully stop their efforts to collect or seize their assets which then disrupts the stream of income flowing in their direction.

So, total asset protection is NOT illegal or a privilege; it's a liberty protected by the U.S. Constitution. Imagine that.

I believe most people would be completely surprised at how a lot of our politicians and well known corporate giants have gone offshore to safe guard their millions in assets.

Looking into asset protection and then taking action to protect your company and personal assets maybe one of the most important and intelligent financial decisions you may ever make.

So, speak with an asset protection consultant and attorney now... before its too late.

Since the cost of setting these protection devices in place will be ridiculously small compared to the price of losing your house, cars, retirement and investment accounts. Not to mention the unimagineable stress. Do it now.