Asset Protection Strategies Put to the Test: Exemption from Creditors on Real Estate Owned as Tenants by the Entirety—Are You Protected?

March 29, 2017

As another example for our Asset Protection Strategies Put to the Test series, here is an example of a plan that does not work. A taxpayer named Gary in Arkansas created a trust that he believed would avoid any need to pay any taxes on the income from the assets he placed into the trust.   He eventually discovered that the trust did not provide the tax shield the he desired. He found himself owing the IRS over $160,000. Continue reading

Top-Rate Asset Protection Law for Trusts in Belize

March 22, 2017

Belize law compared to other offshore trust asset protection laws has some interesting aspects. Most offshore laws allow a creditor a certain period (typically 2 or more years) to bring a case in court to show that the assets that were transferred into the trust were fraudulent transfers. Continue reading