Steven Sears Attorney And CPA Tax Plannig :
Most important in case of a court order and all assets are offshore,
everything is private. There are short statues of limitations. Until
the lawsuit is won, they cannot find out the amount of assets that are
associated with you. You always want to work with an experienced law
office for legitimate transactions. There is a Flight clause which can
Move the case to another jurisdiction and also a Duress clause for if
you are being ordered to turn over the assets, you are going to be
disassociated with those assets. You want to designate a committee of
trust protectors to handle the trusts, which should be mostly offshore
Multiple businesses should be a separate corporation or LLC. You can
also set up physical assets in one corporation which can hold physical
and tangible assets that can make up the corporation. Income through
another corporation or LLC is no assets. You can use those assets as
lease agreement.
Steven Sears Financial Privacy
Retirement Plans
401K's and pension plans set up under Federal law (ERISA) are
usually protected, however, IRA's are usually only protected under
state laws and those laws vary widely. Part of our strategy is to move
the unprotected portion to a fully protected strategy using pension
plans and custodial accounts. Be careful, plan early. These is your
retirement estate planning management is at stake.
Steven Sears Attorney And CPA
If you would like to meet to discuss these matters in more detail,
please give us a call. We will be happy to discuss the best plan to
accomplish these very important objectives.
Chapter 13 bankruptcy allows people to repay a portion of
their debts with court supervision, over a three to five year period.
Chapter 13 lets you rearrange your financial affairs, repay a portion
of your debts and put yourself back on your financial feet. Under a
typical plan, you make monthly payments to a bankruptcy trustee, who is
appointed by the bankruptcy court to oversee your case. The bankruptcy
trustee distributes the money to your creditors.
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Steven Sears Financial Privacy
Steven Sears Attorney And CPA
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