You may have noticed that we do not provide any asset protection strategy examples on our website. Of course we don’t. Firstly, an asset protection strategy is effective only when it is structured to a particular scenario and the needs of each client. Secondly, if we simulate a real-life case, develop an effective asset protection scheme, and make it known to the general public, such an asset protection strategy will no longer be effective in similar real-life situations.

An effective asset protection scheme will correspond to your objectives and needs only when it is innovative and not expected by third parties. There are conventional and straightforward asset protection instruments, such as offshore company formation and implementation for a particular goal, but owing to a large number of information exchange treaties signed by many countries, this type of simple action may not only be insufficient to protect your assets against civil money judgments, but may even be harmful if addressed and discovered by local or international authorities. That, however, does not mean that it is incorrect and ineffective to use offshore companies in asset protection schemes. It is essential to know which company type in which jurisdiction would be the best to use and how to structure it for your particular goals. Another important thing to remember is that, in the majority of cases, a strong asset protection strategy will not include only one offshore company that directly owns all of your assets but will also have certain relations with other offshore bodies, such as companies, foundations, and trusts.

We may often hear pseudo-experts stating that they can offer an effective asset protection strategy in a cost-effective manner. What they usually do is provide the same solution to every client regardless of the client’s current situation, personal needs, objectives, and interests. If it was that simple, a perfect asset protection strategy would be widely known and implemented by everyone. However, this would contradict the main purpose of an asset protection scheme – it should protect your assets and be unknown to everybody else. An effective asset protection strategy is a result of your work with a professional fiduciary who addresses all aspects of your current situation and future plans.