Why protect your assets?

The wealthy of the world have always protected their assets. It can be surprising how little the wealthy actually own! By carefully constructing their financial affairs they end up with nothing actually in their names.

The key to asset protection is financial privacy. If a government, (or its courts), can find your assets, they can make them the subject of an order and have them seized, fact; no ifs', no buts, and in effect no appeals worth talking about as the assets will remain frozen and beyond your reach until the appeal is finalised and that may take years! Rather than play the lawyers game it is better to stay low, beneath the radar, and quietly hide your assets in places where they cannot be found.

Some clients say to me, "That means I'll have to pay a lawyer fees for "Off-shore companies" and so on; what a waste of money!" My reply is the same on every occasion; "Do you think that the money you've paid for years on tax was well spent? Do you not think that if you spend a little on setting up secret structures to save tax for years to come it would be worth it?"

All over the world personal freedoms are being eroded, usually in the name of some grand purpose campaign that it seems difficult to argue against; " If you are innocent what have you got to hide by not providing this personal and financial information?" is the usual comment. The free individual replies, "If I am innocent why should you have the right to know?" Privacy is not only a personal right but also a moral duty for the free individual.

Your money, your businesses, your bank accounts, your homes and your assets of any kind you can think of can be seized by a court order, often an "ex-parte" order so you do not even know about the application before the order is made. "Little wifey" trips along with her ugly rottweiler of a lawyer and applies to court saying she fears you are about to dissipate the assets, or flee the country or prejudice her in some way from seizing her pound of flesh from around your vital organs. Mr. Judge will obligingly give her lawyer an Order for the freezing of your accounts until the divorce is finalised, possibly years from now.

The one safety valve you have is that a court -or a wife's lawyers- cannot seize what they cannot find!!!!!!!!!!!!! Learn the lesson men! My first Maxim is; " Treat confidential matters confidentially." Hide all you can and - and this is an equally important part - TELL NO ONE!!!! NOT EVEN YOUR MOTHER!!!!!!! What your friends and family don't know won't hurt you!

Finally, DO IT NOW - BEFORE PROBLEMS ARISE!!!!! Lets face it, if all remains ok you will have lost nothing but a few fees; but if your marriage falls apart and you have done nothing to prepare, your FAILURE TO PREPARE COULD COST YOU EVERYTHING!!!!!

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