C.A.L.M. - Level 4
Offshore Asset Protection The Ultimate In Wealth Protection
(If you haven’t read C.A.L.M Level 1, 2, or 3 - Start Here First!)
Do you have liquid assets worth $500,000 or more?
(If not, you may want to consider the wealth growing strategies covered in C.A.L.M. Level 3.)
You should be very aware that Offshore Asset Protection aims to protect your assets. We want to make this very clear.
You should not go offshore if you think you will save on U.S. federal income tax.
Any advisor who tells you to move assets offshore in order to AVOID taxes is not just dangerous to your wealth, but dangerous to your freedom.
The basic principle behind offshore asset protection is to get assets out of your control and put them in a place where the U. S. government has no legal jurisdiction. An order from a U. S. Court is not binding on assets placed in a foreign jurisdiction.
In general, a U.S. court has jurisdiction only over people or property located within the U.S. With offshore asset protection, your assets are owned by an offshore trust. Because the assets are owned by a foreign entity you remove your property from U.S. control.
But there’s an interesting twist that you may not be aware of.
And that is, using the C.A.L.M. 4 Level Offshore Asset Protection Strategies, your assets stay in a domestic LLC or FLP and only move offshore if you have a claim, if someone is coming for your assets - such as might occur in a lawsuit. Unless that happens, your assets remain in the United States.
If a claim is filed, your assets move to the foreign jurisdiction. In order for the creditor to pursue their claim, they now have to chase your assets to the foreign jurisdiction they have been moved to.
That requires finding the assets, finding a lawyer in the new jurisdiction, and bringing suit in the foreign court. All of this costs time and money - on top of the money already spent to get the judgment against you in the United States. And there’s no guarantee that the suit in the foreign country will be successful. It will cost the creditor so much time, effort and expense for an uncertain result, the creditor will simply give up and leave you - and your assets - alone.
Additional protection is provided in many offshore trust documents. If litigation is filed in the foreign jurisdiction, the language requires the trustee of the foreign trust to immediately move the assets from that jurisdiction to yet another foreign jurisdiction. A creditor could spend $25,000 pursuing you in a foreign jurisdiction, get a judgment there, and then discover that the assets are now located in still yet another foreign jurisdiction. (This would be in compliance with the first foreign jurisdiction’s laws and the trust documents.) Think they want to be out of pocket another $25,000 - with the possibility that the assets would again be transferred to another jurisdiction (again, in compliance with the second foreign jurisdiction’s laws and the trust documents)?
Not too likely.
In order to provide you with the highest level of protection for your liquid assets, our Comprehensive Asset and Liability Management (C.A.L.M.) Plan must provide you with offshore planning solutions
C.A.L.M. plan members get discounts of up to 20% off the usual and customary price of an offshore asset protection trust. An offshore asset protection trust plan can range in price from $20,000-$50,000 (less a 20% discount), depending on the complexities.
Our recommendation is that if you have liquid wealth worth protecting, you should have an offshore asset-protection trust.
Other offshore asset-protection tools are captive insurance companies and LLCs. If you buy the C.A.L.M. plan, a number of available asset protection tools, domestic and offshore, will be reviewed in light of your particular situation.
Whether you have the liquid wealth to justify offshore asset protection or not, we can help you get there through asset protection and strategies to grow your wealth safely. Why not call us today at (269) 216-9978 for a no-obligation free consultation. Call today!