From time to time, we are asked about using foundations as a substitute for asset protection trusts. In our judgment, there is no substitute for a competent, well crafted trust. This does not mean, however, that foundations should not be used in asset protection planning. For clients with charitable goals and objectives, foundations provide an excellent vehicle to satisfy those …
When In Rome… How the Location of Assets Affects Asset Protection Planning
The location of particular assets affects the law governing those assets and your ability to protect those assets from unanticipated creditors
Digital Asset Protection Planning
Several years ago, I assisted a client who was going through a contentious divorce. Of particular concern to my client was that he had entrusted his then wife with passwords for many of his online accounts, and she was not ready to hand them over. Her phone number had also been used for two-factor authentication on several of these same …
When Is An “Offshore” Asset Protection Plan Not Really Offshore?
There are three basic elements of a true “offshore” asset protection plan: (i) the legal structure (trust or business entity) must be formed outside the U.S. in a safe jurisdiction; (ii) the assets have been successfully migrated to the offshore legal structure; and (iii) legal control of the structure must be vested in persons or trustees who are not subject to U.S. jurisdiction.
The Swiss Hybrid Trust: A Primer
The Swiss Hybrid Trust constitutes an asset protection vehicle unattainable in any one jurisdiction alone.
Announcing the New SpeiserLaw.com Website
The Speiser Law Firm, P.A. is pleased to announce that its new website is available for public viewing at https://speiserlaw.com.