Protecting Assets with Domestic and Offshore Entities
Chapter 21 discusses the often misunderstood area of offshore asset protection planning. It will explain why a well constructed offshore structure combining a foreign trust with an offshore limited liability company can provide some of the strongest asset protection available. It will also explain why these structures are not a wise choice to protect assets if a creditor has already been identified. Chapter 22 introduces the topic of equity stripping (i.e., ways to remove sufficient value from an asset so as to render it unattractive to a creditor). Equity shifting is structuring the ownership of an asset or business entity so that any resulting cash flow and/or appreciation end up in a “protected place.” Neither equity stripping nor equity shifting are stand alone asset protection techniques but rather involve the use of the other asset protection techniques discussed in other chapters of this book. Chapter 23 will discuss various means of protecting the assets of your medical practice. It also discusses the weaknesses of the heavily promoted “accounts receivable financing structure” and suggests lower cost alternatives to accomplish the same result.
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