Asset Protection Planning: How effective is ... - MS Estate Planning

In short, offshore asset protection is very effective. ?Done properly, an offshore asset trust can frustrate and defeat collection efforts of the most powerful creditors in the U.S., including the Internal Revenue Service. ?Again, the planning must be done at a time when the client is not under financial duress. ?Also, this type of planning has been effective in divorce proceedings, as a state court divorce judge has no jurisdiction over a foreign trustee.

Excerpt from The Complete Guide to Estate and Financial Planning in Turbulent Times (Collaborative Press, 2011) - Walt Dallas, Contributing Author

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Source: http://blog.estateplanning123.com/2012/10/asset-protection-planning-how-effective-is-offshore-asset-protection-planning.html

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