Many individuals mistakenly believe, in our "enlightened" technological society, that they are perfectly capable of developing their own asset protection plan through materials purchased off the internet or the services of their local general practitioner. Unfortunately, nothing could be further from the truth. Individuals, internet document services and general practitioners are totally unaware of the myriad of issues and problems that must be resolved prior to the implementation of any Staten Island NY Asset Protection structure.
The resource safeguarding strategies listed below are generally secondary protections and insurance should be the primary means of resource safeguarding; however, when insurance is unavailable, the protections below are often the only form of resource safeguarding that can be used.
I do not have much to protect so I am not worried - Unless the equity you have in your home is lower than the homestead exemption provided in your state, a creditor can come after the equity in your house. Collection attorneys know that the best way to get you to pony up money is to threaten a foreclosure on your home. If you have a sizeable equity in your home, you are vulnerable. Just because your net worth is not in the millions doesn't mean that you don't need protection.
Only a lawyer can help me do this - Lawyers are knowledgeable on a number of subjects but property safeguarding is not usually one of them. Property safeguarding is not taught in law schools and most lawyers have not even traveled overseas. Therefore, unless a lawyer has a great deal of experience in collection or offshore planning, he/she is almost as clueless as the general public on this subject.
LLCs & Limited Partnerships. Although not as protective of resources as an irrevocable trust, Limited liability companies are much more accepted throughout the country as a means of providing liability safeguarding. In specific, LLCs can provide safeguarding for the owners/partners of the LLC from the LLCs creditors and can also provide safeguarding of the owner's/partner's interests in the LLC from the owner's/member's creditors.
It is widely known that a high percentage of lawsuits in the world are filed and taken to the court in the US. If you own an estate, chances are you will be a target. With a visible estate, you are the bulls eye. Creating a stealthy lifestyle will not save you, your resources are figured out by any creditor with good reasons to do so.
The main aim of Resource Protection is to arrange your business dealings in a way that raises the standards for the professional takers. It does not mean that an individual forgets to settle his debts. It means that a person will in control of them, and your resource protection plan is therefore a proactive measure in doing a self tort reform.
With an offshore corporation, I can avoid paying taxes on my income - Anyone thinking about evading taxes with an offshore corporation is in for a big surprise when the IRS knocks on the door. So many law-abiding people are sucked in by illegal tax schemes that they end up losing much more than they try to save. If there was any legal way of avoiding taxes, everyone would be doing it!
The resource safeguarding strategies listed below are generally secondary protections and insurance should be the primary means of resource safeguarding; however, when insurance is unavailable, the protections below are often the only form of resource safeguarding that can be used.
I do not have much to protect so I am not worried - Unless the equity you have in your home is lower than the homestead exemption provided in your state, a creditor can come after the equity in your house. Collection attorneys know that the best way to get you to pony up money is to threaten a foreclosure on your home. If you have a sizeable equity in your home, you are vulnerable. Just because your net worth is not in the millions doesn't mean that you don't need protection.
Only a lawyer can help me do this - Lawyers are knowledgeable on a number of subjects but property safeguarding is not usually one of them. Property safeguarding is not taught in law schools and most lawyers have not even traveled overseas. Therefore, unless a lawyer has a great deal of experience in collection or offshore planning, he/she is almost as clueless as the general public on this subject.
LLCs & Limited Partnerships. Although not as protective of resources as an irrevocable trust, Limited liability companies are much more accepted throughout the country as a means of providing liability safeguarding. In specific, LLCs can provide safeguarding for the owners/partners of the LLC from the LLCs creditors and can also provide safeguarding of the owner's/partner's interests in the LLC from the owner's/member's creditors.
It is widely known that a high percentage of lawsuits in the world are filed and taken to the court in the US. If you own an estate, chances are you will be a target. With a visible estate, you are the bulls eye. Creating a stealthy lifestyle will not save you, your resources are figured out by any creditor with good reasons to do so.
The main aim of Resource Protection is to arrange your business dealings in a way that raises the standards for the professional takers. It does not mean that an individual forgets to settle his debts. It means that a person will in control of them, and your resource protection plan is therefore a proactive measure in doing a self tort reform.
With an offshore corporation, I can avoid paying taxes on my income - Anyone thinking about evading taxes with an offshore corporation is in for a big surprise when the IRS knocks on the door. So many law-abiding people are sucked in by illegal tax schemes that they end up losing much more than they try to save. If there was any legal way of avoiding taxes, everyone would be doing it!
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Get to know the Staten Island NY asset protection law by consulting with an experienced lawyer now. The website you should check out right now appears here at http://www.gallosperolaw.com.
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