Life Insurance Overview Insurance began as a way of reducing the risk to traders, as early as 5000 BC in China and 4500 BC in Babylon. Life insurance dates only to ancient Rome; “burial clubs” covered the cost of a member’s funeral expenses and helped survivors monetarily; this is akin to modern day final expense […]Continue reading
There are many types of trusts, but for this example I will define a asset protection trust as any trust formed for a term of years in a foreign jurisdiction, which does not recognize (or imposes significant barriers to the recognition of) United States judgments. Honestly, this is every country in the world since every […]Continue reading
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Download Foreign Bank Account Tax Form (FBAR) Download IRS Form 3250, Foreign Trust Reporting Download Foreign Bank Account IRS Tax Form (FBAR) More info on filing FBAR form, how to file fbar form and other details – http://www.irs.gov/businesses/small/article/0,,id=148849,00.html Today, I’m going to deal with reporting your offshore bank account […]Continue reading
Download IRS Form 3520, Foreign Trust Reporting Today I am going to be talking about ‘When is your offshore trust domestic for tax purposes?’. It is really weird but sometimes in fact many times you can have a asset protection trust that is offshore, international, when translated: unreachable by most creditors…an offshore international trust for debtor/creditor […]Continue reading
Today I am talking about jurisdiction and trustee selection. This is an overview video. I am going to talk about the attributes of the great jurisdiction. Next I am going to talk about the attributes of a great trustee. Then I will discuss the bottom line and some of the freebies you may be able […]Continue reading
Hello Rob Lambert here with assetsprotectiontraining.com. Today I’m going to explain differences between a traditional and a kinetic Asset Protection Plan and I’m going to deal with my preferences on each. They both have their places and the bottom line is I don’t think any of you should ever do a kinetic asset protection structure; […]Continue reading