For those looking to protect everything they own from being taken away by lawsuits or creditors, there are powerful strategies available, including the strongest asset protection available on the planet, the Cook Islands Trust.
If you and your family have assets, including cash, stocks, property, businesses and inheritance, then you are vulnerable to losing everything you own by a single lawsuit or judgment brought against you, warns Kevin Wessell, CEO of Offshore Company, a leading asset protection and offshore services company in business since 1977.
Everyone is vulnerable and everything you own can be taken away in a split second by one simple court judgment brought against you. Think of a simple everyday situation that can happen to anyone. You are driving your car, minding your own business when suddenly you are involved in an accident. The other driver decides to file a lawsuit against you. The plaintiffs attorney not only investigates what your insurance policy covers, but what your assets are worth, including money in the bank, stocks, home, properties and businesses you and your family own. The plaintiffs attorney now has an idea how much you are worth and how high they can set the lawsuit. In this simple everyday situation, one split second (the accident) could cause the loss of everything you and your family owns, cautions Mr. Wessell.
How could a person lose everything they own from a lawsuit such as this? Isnt that what auto insurance is for? Auto insurance, similar to any other type of insurance, is merely the first layer of protection, covering a set amount of money filed from a claim. If the accident is minor and the victim is a good ethical citizen, then everything is covered. However, we are living in a dangerous world where opportunities to take advantage of a persons misfortune flourish and attorneys need to pay their rent and put food on the table. Even people that ordinarily wouldnt think of suing you will certainly be motivated once an attorney shows them how much money they can get from a lawsuit. This lawsuit can likely go far beyond the limits of the insurance policy that is meant to protect you. And what are the limits? As high as the assets of the defendant can cover, Explains Mr. Wessell.
This is just one example explaining why it is critical to everyones financial survival to put into place the strongest asset protection strategies available. Asset protection can be very complicated and the results can even be disastrous for those that try to handle this process themselves. But when using a professional asset protection company such as Offshore Company, it is extremely easy and cost-effective as well. A small amount of a persons time invested now can provide a life time of solid armor that is virtually impossible for a persons legal enemies to penetrate. Why trust losing everything you have worked so hard to achieve to chance, states Mr. Wessell.
Offshore Company has helped many thousands of clients with asset protection services including celebrities, business executives, medical professionals, attorneys and everyday people just trying to make a living and build a nest egg. One of Offshore Companys clients included a Los Angeles surgeon who was in the middle of eight b****t implant lawsuits after it was found that silicone had leaked due to the manufacturers design. This manufacturer had to file bankruptcy. Since the manufacturer was no longer available to be sued, the lawyers went after the surgeon himself, who wasnt even at fault.
The surgeon had to file bankruptcy to clear away the lawsuits, once this was done, his assets were under the jurisdiction of a licensed and bonded foreign trustee outside of the United States courts jurisdiction. The trustee refused to release the funds to the surgeons legal enemies. As soon as the bankruptcy removed the debts and liabilities of the surgeon, the foreign trustee released the funds back to the surgeon.
Offshore Company has also provided offshore trusts to business people whos partnerships crumbled and resulted in lawsuits that would have cost them a great deal of money. These are just a fraction of the stories Offshore Company clients have shared with us and further emphasize the extreme importance of having an asset protection strategy in place. There are so many different ways the citizens of this world can be financially attacked. Offshore Company has one core mission and that is to protect its clients and their assets from lawsuits.
What is a Cook Islands trust and why should people use this strategy to protect their assets? The Cook Islands are situated off of the U.S. state of Hawaii. The Cook Islands trust is similar to a traditional trust in that it enables a person to create a separate legal entity that they can control to protect and manage their assets should an unfortunate situation occur, such as a lien against their assets by a creditor or a judgment brought against them by a lawsuit.
The advantages of setting up a Cook Islands trust are powerful asset protection and privacy. With a domestic trust, the trust is required to follow the orders of the U.S. judge and if these orders include turning over the trustees entire assets to their legal enemies, then the trust must obey. The Cook Islands trust however is not required to obey the orders of the U.S. judge and the Cook Islands offers a host of additional protections for the trust that simply do not exist anywhere else in the world.
For more information about offshore trusts including the Cook Islands trust, call Offshore Company toll free at 1-800-959-8819 or visit: http://www.offshorecorporation.com/offshore-trusts/CookIslandsTrust.aspx
About Offshore Company Established in 1977, Offshore Company serves businesses and individuals by providing asset protection services, creating offshore companies, offshore banking services and privacy programs. Offshore Company is based in the Los Angeles area at 28015 Smyth Drive, Santa Clarita, CA 91355. Telephone number for U.S: 1-800-959-8819. International telephone number: 1-661-253-3303. The website is: http://www.OffshoreCompany.com Offshore Company is a document filing organization and is not a law firm or accounting firm. The information presented is designed to provide accurate and authoritative information with regard to the subject matter covered. It is presented with the understanding that the organization is not engaged in rendering legal, accounting, or other professional advice. If legal advice or other expert assistance is required, the services of a competent professional person should be sought.
Offshore Company 28015 Smyth Drive Santa Clarita, CA 91355 Contact: Brett Schoneman 661-310-2807
Asset Protection Planning & Strategy Services Launch - Offshore Law Firm, 11 August 2008 ( Pressreleasespider )
Panama Offshore Legal Law firm is a recognized leader in the offshore services industry. Based in the Republic of Panama, they offer clien .. (179 Views)