Foreign Asset-Protection Trusts: Tax and Other Considerations (Paperback)

This book is written mainly for the U.S. attorney and/or affluent individual. It discusses certain aspects of using foreign trusts for the purpose of protecting one's own assets from potential future creditors. The author, having been a practicing estate-planning attorney since 1999, is a strong proponent of using foreign asset-protection trusts (FAPT's) to protect client assets. After all, what good does it do to create an elaborate estate plan if the client is left to lose everything in a future lawsuit? Preserving the client's estate should be the first consideration in the estate-planning process. This book explains how there are many countries around the world that have specific laws established that allow you (or your client) to establish an asset-protection trust in order to protect one's own assets from one's future creditors. Such countries will NOT honor any court judgment rendered outside of its own jurisdiction that would cause a seizure of trust assets by a judgment creditor.