Asset Protection
Manners & Associates, LLP can assist its clients with pro-active asset protection strategies and planning to secure assets from future creditors or judgments. By developing an asset protection plan, would-be creditors might find it difficult or impossible to attach client assets. Manners & Associates, LLP can assist its clients with assessing risk exposure, analyzing the assets that need to be protected, and developing an asset protection plan either domestically or offshore, depending upon client need. A simple asset planning strategy could include the formation of manager-managed limited liability company or a trust, or a land trust, or a family limited partnership in the state of Wyoming or Nevada. A complex offshore asset protection strategy could include the formation of a Cook Islands trust and a Nevis limited liability company (both in stable and established countries which offer powerful asset protection and privacy laws) to manage the trust, with a licensed, bonded and well-established trust company to manage the trust, and an offshore bank account with a strong, well-established bank. Asset protection strategies could include the following:
- Building an asset protection plan
- Nevada corporations, LLCs and trusts
- Wyoming corporations, LLCs and trusts
- Land trusts
- Family trusts
- Family limited partnerships
- Living trusts
- Cook Islands asset protection trusts
- Nevis asset protection trusts and limited liability companies
- Identifying reputable offshore trustees and banks
- Identifying proper use of insurance
- Estate and tax planning
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