Offshore Strategies in Asset Protection

By Kevin Wessell

Asset protection solutions are generally determined by the amount of capital that needs protection, the type of asset, such as cash, real

estate or business interest. Since not every strategy for protection is an appropriate fit, a consultation with a professional is suggested.

An optimal level of asset security is often established though the uses of offshore legal tools such as the offshore asset protection trust and/or LLC. These structures offer a high degree of privacy and, more importantly, the protection of firmly established legal

statutes that have withstood the fire of the courtroom. Prospective clients are encouraged to create offshore accounts in the name of the appropriate legal entity. The accounts can be structured with varying levels of protection, depending on the need of the client.

Offshore strategies allow one to take assets outside of the control of local courts. While there are certain due-dilligence and know-your-customer requirements, these elements are in place for the client's and the bank's protection. This lawful approach to asset security can provide comprehensive protection when the proper

legal tool is established and maintained correctly.

Kevin Wessell lectures on asset protection as well as numerous other topics related to the world of

investment.