Do You Need Asset
Protection?
If you have money, you are a target for a financial predator.
Many of these predators are lawyers who make a generous living by
finding excuses to sue people like you.
Some of the predators are the police, sheriffs and
federal officers who are entrusted with protecting us from harm, but
who
can't resist using the forfeiture laws to their own advantage.
When you do attempt to create legal barriers to protect your assets,
you may encounter other legal predators who convince you to set up a
costly arrangement that will only get you into trouble with the
authorities.
Most people assume that if they have liability insurance, they don't
need anything else. While it is important to have insurance, there are
great gaps in coverages and many insurance companies are aggressive
about looking for excuses to deny coverage after a claim is
filed. For some professionals, the cost of liability
insurance is prohibitive because of the kind of work they do and not
because of any bad claims experience.
But lately, it seems
that our own government may be the worst predator of all. We are being
whip-sawed by deflation and inflation, consumed by layers of abusive
taxes and tied down with endless regulations and vilified by pandering
populist politicians.
Then there are the numerous lawyers who are jumping into the asset
protection specialty with limited training and without having anyone to
teach them the ropes. You should be very wary of any lawyer who
has not devoted more than half of their time to this specialty for at
least five years.
Even worse, there are a growing number of insurance agents, financial
planners, investment advisors and even accountants who want to help you
to create an asset protection structure and who basically offer to
provide legal services for which they are not qualified or
insured.
The biggest problem with many of these well meaning
advisors is that they don't
even know what they don't know about the
complexities of the legal process of asset protection and international tax compliance.
Then there are the promoters who believe that one size fits all and
that a low cost package of legal boilerplate will make them a lot of
money even if the package is ill suited to you and your family. (Some
of
these promoters even have impressive legal credentials but they have
decided it's more profitable to sell everyone the same package whether
they need it or not. )
But the worst of the sharks in this infested ocean are those who put
together some kind of foreign trust or offshore limited liability
company -- with the false promise of huge tax savings.
Thousands
of U.S. taxpayers have put money into a foreign trust or foreign
corporation based on false advice and are now paying huge fines to the
IRS for unreported income in their foreign entity.
There is a ton of non-sense and outright fraud on the Internet
regarding asset protection and international tax issues.
There is no
safety in doing nothing and there is a risk you could
get caught in the web of some predatory promoter of offshore structures
or even of domestic limited partnerships that are of questionable value
because of how poorly they are structured.
What can you do?
There are quite a few things you can do to protect your assets from predatory litigants without venturing outside the U.S.
But if you are concerned about a falling dollar, rising inflation,
potential price controls and worse, you need to move some of your
assets offshore. But doing that will subject you to an assortment of
complex and confusing tax rules that are very different from the rules
that apply in the states.
We monitor a wide
variety of tax news with an emphasis on international taxes that affect
subscribers who have a foreign trust, foreign LLC, foreign corporation,
an IBC, foreign partnership, foreign annuity or foreign life insurance.
The
International Wealth Protection Monitor provides ongoing updates to the various books that we publish on asset protection and international taxation.
1. It's a tax newsletter written in English with an emphasis on international taxes.
2. It's an asset protection newsletter.
3. It's a newsletter about the offshore community
The more you know about the subject, the less likely you are to become
the victim of a false prophet who claims to have the magic potion to
protect your assets from every harm.
Twice a month, we issue an email newsletter that includes current
news about asset protection and the complex international tax planning arrangements
described in our reports and books.
There is NO RISK to subscribe.
If you are not ecstatic with the value and ease of use of this
educational resource, we will give you a 100% refund of your entire
subscription fee at any time during the first full year of your
subscription.
All of our material is written for the layman.
All of our material examines "the good, the bad and the ugly" aspects
of various asset protection and tax arrangements. We avoid all
arrangements where we could get some kind of financial incentive for
promoting some sort of product or service other than our own research
reports, seminars, newsletter and books.
To protect yourself from the numerous crooks and even from well meaning
but unqualified local advisors, you must educate yourself about the
basics and about the kinds of scams and schemes you need to avoid.
You can get that kind of help by subscribing to the Offshore Press
International Wealth Protection Monitor newsletter and offshore library.
What's the Offshore Library?
The price of ALL of our e-books and reports would be more than $400 and
the price of our twice monthly newsletter is $120 per year.
The IWP Online Library provides subscribers with unlimited access to
ALL of our e-books and reports and to our twice monthly newsletter for
$240. And you can deduct that fee from the price of a phone
consultation with me.
If
the information in our newsletter is not what you want or
need, you can get a
full refund within the
first 12 months, with no hassle or argument.
My name is Vernon Jacobs and I rarely have anyone who asks for their
money back -- but when they do, I respond immediately with a full
refund.
I've been an author and publisher of tax, legal and even computer
related material for over thirty years. I'm also a CPA and a
former insurance executive -- which is part of the reason why I have
the
technical background to tell when some lawyer is trying to give me a
snow job.
I'm also very fortunate to have been able to recruit some of the very
best and brightest in the field to help me deal with honest disputes
between various experts.
Let
me help you to protect your assets from the numerous legal and
financial predators in today's world and to avoid the many tax traps
and pitfalls that could get you in serious trouble with the IRS.
Vernon K. Jacobs
President
Offshore Press, Inc.
P.S.
If you don't take steps
now to protect your assets, it will
be too late when someone tries to confiscate your property.
Another P.S.
From time to time I sponsor seminars on asset protection or related tax
subjects. My paid subscribers will get substantial discounts or will
have the first opportunity for limited early bird discounts.
Don't Venture Offshore Without Us
If
you (or a client) is seriously interested in "going offshore" for
asset protection, a business opportunity or for access to investments
not available in the U.S., we offer the most extensive on-line source
of
reliable guidance about legal methods of international tax avoidance
and how to avoid problems with the IRS when you venture offshore.
It's
critical for anyone who plans to venture offshore for any reason to
have competent tax guidance. Our books and newsletter will steer you
free of bad advice and shady deals.
You need to subscribe before you go offshore.
So don't put this off. Get started now.
