 Shield Yourself from the Legal and Financial Chaos of 21st Century Politicsby Gretchen R. H. ("Becky") Vose, Esq., Wade C. Vose, Esq., Eve Bouchard, Esq. Second Edition Now Available now on Amazon.com How can you protect yourself, your family, and your descendants from the legal and financial chaos brought on by 21st century politics and politicians? Although not a cureall, the creation and implementation of a personalized estate plan with asset protection features is an excellent first step to personal and family economic stability in these erratic financial times. Individuals who wish to protect their savings, their income and their families from the devastation of the current financial situation are quickly scheduling counseling sessions with their advanced estate planning attorneys, who design personalized Politics Proof estate plans. Those who fail to plan now will unfortunately pay later. This book is written for those Americans who have no desire or intention to turn over control of their financial lives, assets and futures to the vagaries, changes and uncertainties of politics and (heaven forbid) politicians.
Exactly what is “Asset Protection”? From whom or what are the assets being protected? Let’s name just a few:
Most business people are aware of the advantages of using some sort of business entity to limit their liability for business-related debts and lawsuits. But the use of different entities to own different aspects of a business, and the structuring of those entities in a tax-friendly, creditor-unfriendly manner, is possible, but frequently not used.
Have you ever wondered how American Royalty (the Rockefellers, Carnegies, DuPonts, Kennedys, Fords, etc.), managed to pass on their immense wealth from generation to generation while sheltering it from estate taxes, creditors and probate?
The mention of “offshore trusts” and “offshore investments” can create visions of exotic locales, numbered bank accounts, mysterious meetings, and secret passwords. There might be some small bit of reality in those visions, but there are practical and financially sound reasons that many wealthy Americans use offshore trusts and make offshore investments as a part of a well thought out asset protection/estate plan.
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