Spendthrift Clause Explained

What is a spend thrift clause or spendthrift provision?Today we’re talking about spendthrift clauses. They’re found in almost every trust ever done in the United States and in the English speaking world.What I’m going to talk about is what a spendthrift clause does, why they normally are irrelevant in traditional asset protection and how if […]

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Cuba Clause & Definition of Event of Duress

 Typical Cuba ClauseThis is an example of your typical Cuba Clause & Definition of Event of Duress in a asset protection trust.Change of Trustee and Situs of Administration (a) Notwithstanding any other provision contained in this Settlement, the Trustee, upon the happening of an Event of Duress in the jurisdiction where any Trustee or part […]

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Banking and Single Member Offshore LLC’s

Today, I’m going to be talking briefly about offshore single member LLCs. What are they used for? How do you form them? What does an agreement look like? I’m going to keep it simple and straightforward right now. What are single member LLC’s? Offshore single member LLCs are normally disregarded entities. You need to be […]

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Overview of Typical Family Limited Partnership

What is a Family Limited Partnership (FLP)? Today, I’m going to take on family limited partnerships. I’m going to give you an introduction in five minutes or less. You won’t learn anything too important but you should watch this first and I wanted to let you know that the methodology is I’m going to give […]

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Typical Asset Protection Plan Structure

Download PDF Ebook: ASSET PROTECTION TRUSTS; What they are, How they work & Tax aspects 112 pages Download example St Lucian Trust to follow along with video PDF Table Of Contents- Asset Protection Trusts; What they are, How they work, and Tax aspects INTRODUCTION …………………………………………. 6 I. WHAT IS AN ASSET PROTECTION TRUST? ……………………… 7 […]

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Pure Trusts Are Pure Crap

Abusive Trust Arrangements- General Overview This notice describes some typical abusive trust arrangements, as well as the tax benefits promised by promoters, and then explains the correct tax principles that apply to these trust arrangements. Taxpayers should be aware that abusive trust arrangements will not produce the tax benefits advertised by their promoters and that […]

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