Asset Protection Information

Jacob Stein specializes in structuring the ownership of your assets to make it difficult, or even impossible, for others to take them away. Creditors, plaintiffs, unhappy business partners, state and federal agencies - all can threaten those assets. Our asset protection planning can reduce, or even eliminate, those threats long before they appear. Our clients tell us that the peace of mind that asset protection brings is priceless.

Protecting Your Financial Investments

Bank accounts, investment accounts and other liquid forms of wealth are usually the most desirable assets to pursue for any creditor. These assets are pursued with vigor, and private investigators are frequently used to locate these assets. To protect liquid assets look at the following structures on the right: Limited Liability Companies, Foreign Entities and Foreign Trusts. We also have a few tricks up our sleeve that are not disclosed on this website.

A Case History: Fallout from Madoff

A former director of a Fortune 100 company found just how dramatically Madoff's Ponzi scheme has impacted so many people. He had invested some money with Madoff many years ago, and over time has generated a decent return. He was lucky enough to pull the bulk of his Madoff investments about before the collapse, and was quietly enjoying his retirement. He learned that there is a good chance the Madoff bankruptcy trustee would be able to reach most of his savings. He was 74 years old and in a complete state of panic.

To protect his investment account we set up an offshore trust-offshore LLC structure, with the money being moved to an investment account in Switzerland. Because funds were moved from one investment account to another, he did not need to sell any of his securities. He has complete access to his investments and fully discloses the offshore trust and bank account to the IRS. With this structure there is no need to hide, it simply works!