An Introduction to Privacy and Asset Protection How Protected Are You? How Private are Your Personal Affairs?

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Presentation transcript:

An Introduction to Privacy and Asset Protection How Protected Are You? How Private are Your Personal Affairs?

Living with Wealth Rockefeller said: ??Rockefeller said: ?? We want you to keep it!We want you to keep it! It will change your life. There are pros and cons…It will change your life. There are pros and cons… FCUSA—continuing education and support for the members and the clubFCUSA—continuing education and support for the members and the club

Why do I need Asset Protection ? The United States has 70% of the world’s law suitsThe United States has 70% of the world’s law suits The US also has 95% of the world’s attorneysThe US also has 95% of the world’s attorneys There are more law students in school right now than there are practicing attorneysThere are more law students in school right now than there are practicing attorneys These guys have to eat!These guys have to eat!

Domestic Structuring Structures for Privacy and ProtectionStructures for Privacy and Protection –C Corporations –LLCs –Corporation Sole –Contract Trusts –Others Managed and nominee accountsManaged and nominee accounts Several Attractive statesSeveral Attractive states

Reasons to Start Now Protect what you haveProtect what you have You may realize lower taxes if you are a tax-payerYou may realize lower taxes if you are a tax-payer Keep your affairs privateKeep your affairs private Estate planningEstate planning Work with professionals and take the time to educate yourselfWork with professionals and take the time to educate yourself

Offshore Possibilities The Real Privacy is OffshoreThe Real Privacy is Offshore –Financial privacy can be guaranteed by law –You can hire an Independent Asset Manager –You can work both offshore and onshore with creative structuring

Private Interest Foundation A holding entity for offshore fundsA holding entity for offshore funds –A solid type of structure where you remain in control of the funds and you are anonymous –You can move the funds to other entities by wire transfer –Most come with a debit card and prepaid credit card –Based offshore

Other Entities International Business CorporationInternational Business Corporation –Very helpful in moving money from the foundation to your onshore entities Trust OrganizationsTrust Organizations Offshore LLCOffshore LLC

Where To Consider? There are several jurisdictions to consider when diversifyingThere are several jurisdictions to consider when diversifying –Panama –Switzerland –Lichtenstien –Nevis –Belize –Isle of Man and others –Uruguay seems to be an upcoming possibility –Some suggest you diversify into several jurisdictions

So Much to Learn! Start with your membershipStart with your membership Read the Asset Protection MaterialRead the Asset Protection Material Listen to the member callsListen to the member calls Join the Sovereign Society and similar organizationsJoin the Sovereign Society and similar organizations Read, study, listen, and consult with the expertsRead, study, listen, and consult with the experts

It all Sounds so Confusing Anything is when it is newAnything is when it is new Just know the first couple of stepsJust know the first couple of steps Have fun with the journey!Have fun with the journey!