Archive for ‘Family Limited Partnership’
Asset Protection in the 21st Century
by Bobby Casey, Managing Director, Global Wealth Protection LLC Using Family Limited Partnerships and Asset Protection Trusts You can bet it wasn’t a predatory attorney who said, “Money isn’t everything.” Because when it comes to the dysfunctional U.S. tort system, money is what it’s all about. The ugly truth is that your wealth is no longer [...]
Nevada Declares War on its Customers
by Bob Matthews, Global Asset Advisors, Inc. Nevada LLC’s May No Longer Be the Best Option for Asset Protection These may be strong words but that is what the Nevada Secretary of State’s Office (SOS) did according to an article it posting on its website on September 8, 2011. As I mentioned in my previous [...]
Moving Money Offshore
By Jay Butler, Asset Protection Services The Internal Revenue Service (IRS) considers all income reportable regardless of the source or location derived and most assets held offshore are reportable, however some are not. When looking to preserve your assets it is important to understand the difference between taxable income and reportable assets. Here are 3 [...]
Domesticate in Wyoming
by Bob Matthews, Global Asset Advisors, Inc. Why Move your Limited Liability Company to Wyoming? Have you ever heard of domesticating a company in another state? Probably not. Most people are unaware of it and what it means. Most states do not provide for it. But, Wyoming does. Some, like Nevada for instance, provide for [...]
There but for the Grace of God, Go I
by Bobby Casey, Global Wealth Protection Have you ever thought, “There, but for the grace of God, go I.” Be glad you’re not the North Carolina dentist who, after extracting a wisdom tooth, got blindsided by a huge malpractice lawsuit. The complaint was the dentist took too much time and exerted too much pressure during [...]
Line in the Sand for Real Estate
By Jeff Schneider CPA, PassportIRA Real estate is a great option to be owned in an IRA. Especially if owned in foreign countries, the omnipresent hand of the U.S. government is not able to swipe foreign real estate away from you like they could basic equities. Although the transactions can be relatively straightforward, the implications [...]
Shooting Fish in a Barrel
by Bobby Casey, Global Wealth Protection A well known nationally recognized lawyer once lamented that suing doctors for profit is like shooting fish in a barrel. Was he right? Ask any physician. Over 40% of them have already had the pleasure of sitting on the wrong side of the table in court. No one in [...]
