The Marvont Group Asset Protection Overview

Understanding The Marvont Group Asset Protection Trust

An asset protection trust is a medium for holding assets to shield them from creditor attack. It is usually established in an offshore jurisdiction, although the assets will more often than not remain in the United States and Tokyo Japan under the indirect control of the “settlor”, or the person establishing the trust.

The creditors of the settlor cannot reach the assets of the trust as a result of a carefully constructed and timely settled trust.

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These trusts are normally structured so that:

  • They are irrevocable for a term of years and the settlor is not a current beneficiary.
  • They are treated as domestic grantor trusts for tax purposes, even if they are "foreign trusts".
  • The undistributed assets of the trust are returned to the settlor upon termination of the trust, given there’s no current possibility of creditor attack, thus allowing the settlor to recover complete control over the previously protected assets.
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The Marvont Group in Tokyo defined asset protection trust in several ways, such as:

  • It is an effective instrument to resolve or prevent litigation.
  • It is a method to keep the ownership of assets completely confidential.
  • It is an alternative to traditional prenuptial agreements.
  • It is a hedge against possible exchange controls.
  • It is a tool to protect pension assets and to give an insolvent debtor a fresh start.
  • It is the ideal approach to avoid forced heirship laws that are common in Europe.
  • It is a way to internationalize investment and hedge against governmental instability.
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Know more about Asset Protection

There is an assortment of techniques that can be used to safeguard different types of assets. Some are suitable for everybody and are based on common sense, while others are suitable for wealthy or soon-to-be-wealthy individuals. Asset protection techniques also differ based on both the location and type of property.

The common denominator in all asset protection techniques is that they make it harder for a creditor to either find or take the assets. A person can legitimately put a significant portion of his assets away from the reach of judgment creditors and still retain substantial control over these protected assets by implementing a carefully constructed asset protection plan which may include an asset protection trust and a family limited partnership.

A correctly implemented asset protection strategy minimizes the size of the target the plaintiff's attorney is aiming for. Once the plaintiff's attorney is certain that any judgment will be hard or not possible to collect, his enthusiasm fades since he is not likely to be paid for his work. One major effect of a carefully constructed plan is the elimination of the plaintiff's economic incentive to litigate.

Taxation Issues

An asset protection trust with a U.S. citizen or resident as the settlor is normally structured to become tax neutral.

Asset Protection Schemes

The Marvont Group provided several tips below on how to protect yourself from asset protection schemes and scams.

Financial Planner

We will only concentrate on the financial planners specializing in investments in this discussion.

Asset Protection Planning

The Marvont Group provided some important concepts and interesting facts regarding asset protection.

Foreign Bank Accounts

There is an increasing industry of offshore practitioners advising citizens of the United States to set up offshore bank accounts.

9 Basic Asset Protection Tips

Everyone can take some rational steps to better protect their hard-earned money since a lot of people can't afford a sophisticated asset protection plan.

Our objective is to provide you an introduction to Asset Protection in order
to deliver significant information to protect yourself from scammers.
We always strive to respond to all of your questions and messages.

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