Changing The Game.
By Rob Lambert - 
Email Editor
Date : December 18, 2008
Dear Valued Reader,
Two out of three emails I receive focus on the “jurisdiction” for an asset protection trust.
I maintain that the jurisdiction in which you form your trust does not matter. Most people think this is the battleground. The bottom line is that you should change the battle ground if problems arise.
In a properly designed Asset Protection Trust two things happen: 1. The Asset Protection Trust is set up BEFORE problems arise; and, |
WHY: Because the transfer funding the trust was not a fraudulent conveyance. It is like you gave some money to your Aunt Tillie, your creditors cannot get to that money as long as you retained sufficient assets to pay all of your reasonably anticipated bills after the transfer was complete.
Remember, I maintain that the jurisdiction does not matter. WHY? Because you can change the country which controls your trust in 5 minutes by firing your “old” trustee in one country and hiring another in another country.
So, how does this happen?
It is simple. All you (or more specifically your “Protector”) does is fire one trustee in favor of another. People miss this magic. It totally changes the game.
It is IMPORTANT that your trustees be “clean” and that you avoid, at any cost, behavior which looks like a fraudulent conveyance. You must never cross this mark.
So, watch your back and don’t allow anybody else to set your direction.
In this time of military, financial and emotional turmoil I am glad to be protected. This makes me happy…
I wish the same for you in this season.
Have a healthy and protected week.
Rob Lambert
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ABOUT THIS EDITOR:
Rob Lambert, Founder and former law professor is considered to be foremost expert on tax compliant asset protection structures. A contributing editor to Lexus Nexus debtor creditors series of law books Rob's passion is implement client wealth plans that stand the test of time and hold up under duress.
12 DECEMBER
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