Asset Management & Protection

What is Asset Management and Protection? Why is it something you should be interested in? Find out why wealth management and protection is not just for the super rich and rock stars, it is a very useful tool for business people who simply want to protect their assets from prying eyes.

Do you want to know more about Asset Management & Protection? You need to call Swiss Trust Bank http://www.swisstrustbank.com ..Now on 001-784-458-2400 for a more informal discussion.

Swiss Trust's Focus on Asset Protection

Swiss Trust Bank is a financial institution serving affluent individuals and businesses seeking to maximize their wealth.

Specializing in innovative strategies for capital appreciation, tax minimization, asset protection and estate planning, we help clients meet their financial and lifestyle goals by maximizing their net worth, while minimizing taxes and other costs associated with the accumulation of wealth.

We employ an interdisciplinary approach; drawing upon a diverse array of licensed professionals, service providers as well as existing advisors to customize solutions that meet the personal, professional and corporate needs of our clients.

Bottom line, our strategies can help clients achieve the following:

Elimination of all taxes on income in excess of consumption levels.

Elimination or deferral of all capital gains tax.

Tax-free compounding growth of investments.

Establishment of integrated investment programs.

Access to high quality private placements and venture capital investment opportunities

Elimination of estate taxes.

Among those objectives, perhaps the most easily appreciated and in demand among our clients is Asset Protection.

Now more than ever, affluent individuals face serious threats to their wealth. Encouraged by courts, juries and attorneys that tolerate or reward predatory litigation, claimants are increasingly filing spurious or aggressive lawsuits intended to exploit the affluent.

Statistically speaking, every affluent person will face at least one significant lawsuit during his or her lifetime and those in certain fields, such as surgery, for example, face far higher likelihood of litigation.

Because of this alarming trend, asset protection planning has recently entered the mainstream of professional practice, with the U.S. Supreme Court and other federal courts validating its legitimacy. (E.g. Grupo Mexicano de Desarrollo v. Alliance Bond Fund (Supreme Court, 1999); Federal Trade Commission v. Affordable Media, LLC, et al, (9th Cir. 1999).

Asset protection planning consists of the positioning of assets to deter creditors or other claimants from attack. Employed correctly, asset protection planning reduces the risk of future litigation through lowering the client's financial profile and by increasing the costs associated with pursuing a claim through the legal process. In addition, asset protection can even be effective in legitimately protecting assets where a judgment has been rendered against a client.

Sophisticated asset protection planning will incorporate several strategies or products according to the needs and objectives of clients. Frequent elements of an asset protection plan include, among others:

Asset transfers, financial products, Incorporations, Trust formations (domestic and foreign), gifting situs and jurisdiction selection.

In addition, a strategy may be implemented in phases and may be modular, thereby allowing for increasing complexity and protection if threats arise, while still remaining economical and practical while the skies are clear.

Do you want to know more about Asset Management & Protection? You need to call Swiss Trust Bank http://www.swisstrustgroup.com ..Now on 001-784-458-2400 for a more informal discussion.

Swiss Trust Bank develops sophisticated asset protection strategies for clients. Ideally, these strategies are incorporated into the client's tax, investment and estate planning objectives, thereby insuring a seamless, economic and effective integration of the client's entire financial plan. To achieve this we work with the client's existing financial professionals or we can assemble a team to create an integrated plan to meet the client's individual needs.

We did make a point of the fact that we are sensitive to jurisdiction in the protection of client assets. The reason we stress this is that establishing a trust in a jurisdiction that does not recognize U.S. judgments requires a creditor to pursue its claim against our client in that foreign jurisdiction. And because of the stringent procedural laws in selected jurisdictions (e.g. short statute of limitations period, no contingency fees for attorneys permitted, posting of bonds required, more debtor-friendly laws, etc.), it would be difficult as a practical matter for the creditor to prevail in that jurisdiction. Second, in conjunction with our captive insurance carrier, we will be able to issue an annuity, which would be payable in turn in another jurisdiction itself, and through Swiss Trust Bank, we could invest the client's assets in yet another jurisdiction or jurisdictions, as well.

In particular, we recommend the use of a Panamanian Private Interest Foundations (see link in our Home page) which is then domiciled in our Caribbean-based bank (yet another jurisdiction), the assets of the Foundation could also be transferred to other jurisdictions at any time in the event that creditors were about to prevail in an action to seize the assets, consistent with the trustees' fiduciary duties.

By such aggressive and sophisticated procedures and strategies, our clients can rest assured that their assets are safely protected in these highly litigious times.

Do you want to know more about Asset Management & Protection? You need to call Swiss Trust Bank http://www.swisstrustbank.com ..Now on 001-784-458-2400 for a more informal discussion.

The Author of this article David Morgan is manager of the Swiss Trust Bank Group www.swisstrustgroup.com and has over 20 yrs experience in the banking and financial world. You have permission to syndicate this article providing you the link it to www.swisstrustgroup.com.