Steps to Protect Assets Put together all of your financial..
Added 2022-03-29 10:35:20 +0000 UTCSteps to Protect Assets
Put together all of your financial records for the past three years.
Make copies of your bank, investment and retirement accounts.
Set up an offshore trust and international LLC.
Set up an international bank account in the name of the LLC.
Establish credit in your own name.
Get copies of your spouse’s account statements, if possible.
Get copies of your real estate records.
Record a home equity line of credit type of mortgage against property that you control. The mortgage will be payable to the international LLC inside of your asset protection trust.
There are international institutions who can acquire the mortgages, if needed. They will place the cash proceeds into a “you can’t touch it account” in your offshore trust. You take this action because a judge may later require that you show a proof of cash distribution.
Do not place your inheritance money with accounts that may also be in your spouse’s name.
Make an inventory of personal property assets.
