Overview

Lee Hadnum FCA CTA, author of The Worlds Best Tax Havens and other bestselling offshore guides looks at how you can protect and safeguard your assets. Given the growth in the litigation culture, there's been a rush by many professionals that work in areas with a high risk of litigation to protect their assets. The worry is that they could potentially be sued and lose a significant chunk of their wealth that they have accumulated over the years. The perceived risk of such litigation has grown due to the number of seemingly frivolous claims that have been made against wealthy professionals. The current view is that if your assets are obvious and easily reachable, you are pretty much a sitting duck. It's not just professionals though who are interested in protecting what's theirs. Essentially if you look as though you have deep pockets there is a risk. In our new Asset Protection book we look at a whole range of Asset Protection scenarios where you can ringfence and safeguard your assets. After reading this guide you'll know what you can and can't do to protect you and your family assets. Contents include: Asset Protection in General We look at the main strategies that everyone can use to protect their wealth. Asset Protection in a Recession The depressed economy raises a number of complex issues for anyone looking at asset protection strategies. We look at specific strategies that can be used. Different Types of Entities Using onshore and offshore entities can be very attractive for an asset protection strategy. We look at the key entities and how and when they can be used (including Ltd company's, LLC's, LLP's, IBC's, Protected Cell Company's, Foundations and Trusts). Using a Trust to Protect Assets Trusts have specific benefits for asset protection and are still the bulwark of many asset protection strategies. Using a Company to Protect Assets Companies are often used in conjunction with trusts, as aside from tax planning advantages there are various practical benefits.We look at how these can be used. Protecting Assets on Divorce We look at the latest strategies for protecting assets on divorce including a look at how the courts approach a matrimonial separation. Trusts, pre and post nuptial settlements and forum shopping are also considered. Safeguarding your Will Ensuring that your assets are left to who you want is important. We look at how this can be achieved. Care Home Fees Planning We look at how to ensure your assets aren't used to fund care home fees. Using Offshore Bank Accounts Offshore bank accounts can still be useful providing they are used for the right purposes.

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9781495210914

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The author of The Asset Protection Handbook is Lee Hadnum LLB FCA CTA. Lee is a Law graduate, Chartered Accountant and Chartered Tax Adviser. Lee has a wealth of experience in tax and asset protection strategies and is the Editor of WealthProtectionReport.co.uk

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