Asset Protection

Asset Protection: Offshore Financial Planning – Are You a Candidate?

By July 30, 2019 No Comments
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It’s Not Just for the Very Wealthy

With litigation and regulation continuing their steadfast march, individuals who pursue an offshore strategy are becoming increasingly diverse. If you answer “yes” to even a few of these questions, you might benefit from an international financial plan:

  • Do you have a net worth over $1 million?
  • Do you have liquid personal property with a value of more than $500,000?
  • Are you in a profession with a high risk of litigation, such as medicine, surgery, law, accounting, architecture, engineering or manufacturing?
  • Do you consider financial privacy to be a priority?
  • Have you recently sold a business and want to protect the proceeds?
  • Are you about to get married?
  • Are you engaged in both high-risk and low-risk businesses?
  • Are you a guarantor, indemnitor or surety, where your liabilities are contingent on the success of others?
  • Do you ever wish to buy business property so that the sellers (or your competitors) will not know the identity of the true owner?
  • Are you a general partner in a real estate or other partnership?
  • Are you an officer or director of a publicly traded U.S. corporation?
  • Do you have children who are prone to risky activities?
  • Do you have disabled or special-needs family members?
  • Would a potential plaintiff perceive you to have “deep pockets”?
  • Do you lease out equipment or rent out commercial property, or are you an apartment owner?
  • Have you been underinsured or uninsured for any period of time?