Offshore Asset Protection
Jacob Stein Thursday, September 15th, 2016
What is offshore Asset Protection Planning? The premise of Asset Protection planning is to make it hard for your assets to be reached by creditors. Offshore planning is an effective Asset protection strategy and in some cases, superior to domestic asset protection. Why? There are two reasons protecting your assets overseas is better: 1. Many jurisdictions have specific laws to protect your assets. This is usually done to make the country attractive to foreign investment. For example, Saint Vincent and the Grenadines does not recognize U.S. law, therefore, a judgement that is passed in the U.S. is void in St. Vincent.