Best asset protections options in 2024?

[notagoy]

Jade33 said:
I am in the same mindset as a solo parent and my child is also on the spectrum.
He is smart but autism people don't see bad in others so can be gullible and believe easily.
I too have been seeking solutions to set up something for him. There are trusts with the aim to take care of a child with special needs.
BUT the major factor is finding a reliable person to manage it. Even celebrities get their estate stolen, so who are we to think differently.
Holland has a foundation, Belgium has no trust law.
Off shore route should work as many families have trust funds set up but I am not in the millionaire category. And maintenance costs will eat up what is there to protect.
I found this file on trust registration worldwide. https://taxjustice.net/wp-content/uploads/2022/07/Trusts-FATF-R-25-1.pdf
The key is if you put the assets in a trust or foundation you must give away the control to avoid tax sanction, here you must find the right guardian.
Please do share us your progress or new info
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Hey there. I created a LLC and a family foundation. I mostly have a lot of trust in the LLC. I think the USA is very protective when it comes to LLCs, especially when foreign creditors make any requests.

clemens said:
Did you get further with your plans and setup? would be happy to learn from what you figured out?
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Please see my reply above.

Btw, for anyone reading this in the future. The best route for me was a NM LLC + IBKR.

Last edited: Jun 13, 2024

 

[boomy]

JackAlabama said:
Not really, esp since 2020 your rule of law shows a lot of interesting twists and tweaks 😉.


many such cases. Good luck in front of a court in Liechtenstein, one can equally play bingo instead.
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Do you mind to elaborate on the possibility in Lichtenstein in these days ? I thought it was game over if it comes to protecting assets against tax offices and creditors!??

Alternative is structuring your anything like described in the article below:
https://www.offshorecorptalk.com/th...-”“-a-concept-that-can-change-your-life.37015/
But I did not find a well defined plan or description about how to go about it for an average joe?

 

[justnew]

What country protects most all my ownings?

 

[jafo]

justnew said:
What country protects most all my ownings?
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This is akin to asking:

What thief protects most all my ownings?
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stupi#21

 

[JohnLocke]

There is no real good answer to your question @justnew it all depends on who you owe money and who you want to protect your asset from! Beside that you need to have a good structure of businesses, trusts or foundations to protect your assets.

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[Jorozey]

justnew said:
What country protects most all my ownings?
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The country/option is called - Bitcoin and the way is Self-Custody

Trusting any country/government you are screwed.
You don't trust me? Well, you can play around and find out for yourself the hard way thu&¤#

 

[EliasIT]

Jorozey said:
The country/option is called - Bitcoin and the way is Self-Custody
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nice one, but I don't think that is sufficient

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If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability!
My personal favorite thread posted in the Mentor Group. Group of investment companies to avoid licensing.

 

[void]

EliasIT said:
nice one, but I don't think that is sufficient
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why? no sarcasm whatsoever... serious question

 

[Clank]

Belize LLC with Cook Islands bank account.

https://lighthousetrust.ch/the-belize-llc-better-than-an-asset-protection-trust

 

[Jorozey]

EliasIT said:
nice one, but I don't think that is sufficient
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By memorizing 12/24 words I can take my wealth anywhere in the world, also no robber, government or any law enforcement can confiscate those 12/24 words from my head.

Good luck with your options, partner thu&¤#