Qualified Retirement Plans
Qualified retirement plans
are a vehicle for the successful business owner and professional to save
for retirement. Qualified retirement plans provide for substantial tax
deductions today and tax advantaged income in the future. A properly designed
qualified plan will help you keep more of what you earn.
International Asset Protection Trust
One of the most important pieces to any sophisticated
asset protection plan is the international asset protection trust (IAPT).
An IAPT can offer the highest level of asset protection available under
current law, and enables an individual to establish a “start-over” fund
in the event of unforeseen misfortune. This level of asset protection
is achieved through a variety of components found in certain foreign jurisdictions
which permit the creation of a “Self-Settled Spendthrift Trust” which
is exempt from the Settlor’s claims. The IAPT can be effectively funded
with almost any type of asset. These structures can hold assets in any
jurisdiction even the U.S. These transactions are reportable to the IRS
but not taxed. These foreign jurisdictions do not recognize U.S. court
judgements; do not allow U.S. attorneys to prosecute claims and will bar
any claims in which a creditor failed to bring the action within 1-2 years
from the date of the transfer. IAPT allows flight provisions which permit
the trustee, and the “Trust Protector” to monitor the trust assets and
immediately move them to a similar protective foreign jurisdiction in
the event it appears the assets are threatened in any way.
International Private Placement Variable Life Insurance
In addition to the traditional
benefits afforded by life insurance (tax-free accumulation of assets,
tax-free policy loans and tax-free death proceeds) foreign insurance companies
have developed investment-oriented contracts which provide lower fee structures.
Such life insurance policies provide you with the opportunity to achieve
tax-free accumulation in your investment portfolio.
Captive Insurance Companies
A captive is a insurance company organized primarily for the
purpose of insuring or reinsuring the liabilities of the business owners.
The structures provide federal, state and international tax advantages.
They can be established either domestically or internationally.
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