Increasingly, laws are being passed that allow personal assets such as cars, homes, and other personal possessions to be seized to satisfy court judgments (no matter how frivolous) against us, our businesses, or estates.
This sudden seizure of assets could result from, among other things, neglecting to keep proper personal or financial records.
If the Tax Authorities or IRS pierce our corporate veil, deny our tax benefits or present us with a big tax bill, it can be extremely and unnecessarily traumatic.
If we don't pay, they file a "Notice of Tax Lien" or "Default" which liens all our property, real and personal. We attempt to borrow money to pay our bill, and discover our credit has evaporated overnight since there really is no so-called privacy!
Our bank account is attached/frozen, no matter how many checks were written and are outstanding. They will levy all savings and all investments. Bankruptcy no longer stops them. Our salary and our spouse's salary will be garnered. They will obtain a writ and seize our safety deposit box, even our irreplaceable family heirlooms.
They will eventually grab our IRA or other retirement accounts and the cash surrender value of our life insurance policies. Without notice, our real property and liquid personal property could be sold with no minimum bid. If that doesn't pay the bill, they will seek to levy our pensions. When we pass on, they'll come after our estate!
The elderly, in particular, are beginning to realize that what they once considered assets are now in fact liabilities, especially when it comes time to participate in so-called medical and retirement benefits.
Do it now! While it remains legal to own an Offshore trust!
The rich have been using Offshore Trusts for years to shelter their incomes and other resources. That's how they've managed to pay little or no taxes. Now it's your turn - and now it's affordable.
Surely there are other ways to secure a trust?
Indeed! However, the same Offshore Trust would cost you in excess of $1500 if you set it up yourself with the same Trustee in Belize and more if you set it up through your own legal advisor or Company Foundation agent. (See the "FAQ:s")
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