Lawsuit protection ideas offered by new website. Intent is protection of financial assets.
July 09, 2005 (PRLEAP.COM) Business News
Http://asset-protection-trust.US is a new website whose goal is to educate the public about US-based trusts for wealth protection. An Asset Protection Trust is a legal, United States.-based way to protect your family's hard-earned assets and wealth from the financial disaster of judgment and bankruptcy. These wealth protection strategies are popular among doctors, lawyers, celebrities, executives and other moderately-high and high-income individuals. Capricious judges; mis-informed, envious juries and unexpected financial reversals can ravage your life savings. A domestic Asset Protection Trust, if correctly established in advance by a competent attorney, can provide legal protection for homes, cars, boats, stocks, bonds, savings and other liquid and non-liquid assets of any dollar value.An asset protection trust can be established under the state laws of Alaska, Delaware, Nevada, Rhode Island and Utah, and so is commonly referred to as an Alaska Trust, Delaware Trust or Nevada Trust. Another term is "Self-Settled Spendthrift Trust." They are generally available to residents of any of the United States. These are legal onshore domestic trusts, not sketchy offshore trusts that can raise the ire of the Internal Revenue Service and those enforcing the Patriot Act. This includes corporate officers whose wealth is at risk due to the Sarbanes-Oxley Act.
While this new website cannot and does not attempt to provide legal advice, it does provide information to help educate the public.