Asset protection planning is used in protecting one's business and wealth. Learn how to identify the gaps in planning and help clients mitigate the risks.
Learn more at www.inknowvision.com
2. InKnowVision
Our web site: www.inknowvision.com
Next Webcast:
Marketing and Process Webcast
September 28th
Case Study Webcast
October 5th
3. Marketing
E-Newsletters
Same system and content used by InKnowVision
Four newsletter categories
Business Planning
Estate Planning
Elder law / Medicaid
High Net Worth planning
Details at www.educate2motivate.com
Call 888-461-0000
6. Asset Protection Goal
Develop a wealth preservation plan that is effective
and that will leave you with peace of mind if
disaster strikes
Increase settlement strength
7. Key Issues
How much to protect
Where to protect it
How to protect it
Process
16. Filing Fees
US has a low costs to start suit ($200-$500)
International has high costs to start suit ($25,000)
17. Statute of Limitations
US has longer statute of limitations (3-6 years)
International has a shorter statute of limitations
18. Enforceability of US Judgments
US courts recognize US judgments
International courts do not recognize US judgments
19. Standard of Proof
US has lower evidentiary standard
(preponderance of evidence)
International has higher evidentiary standard
(reasonable doubt)
23. This Type of Planning Is Legal
But you can’t hide income from the IRS
You must pay taxes due
IRS Reporting
24. Where To Go Establish Trust?
Nevis
One of the best asset protection jurisdictions
Lots of trust and company filings annually
High literacy rate (90+%)
Good communications
Stable government
Virtually no crime
Easy to get to
32. Why use this structure?
Great asset protection
Maintain control over investments
33. Is This Right for Me?
Significant personal or business net worth.
“High risk” profession or position
Business owner
Real estate owner
Would like to protect assets in case disaster strikes
34. Process
Maintain Fit Meeting
Implementation Data Gathering
Plan Design
35. Fit Meeting
Who you are
Your areas of concern
Our process
Decision to proceed
36. Data Gathering
Gather required financial and personal data
Perform mandatory solvency analysis
Complete review of your current situation.