Rocco Beatrice

Nevis LLC (Foreign LLC) Protects Assets & Avoids Fraudulent Conveyance

This is a letter in response to a reader regarding offshore limited liability companies (aka Foreign Limited Liability Company or FLLC) in asset protection planning and specifically addresses issues surrounding the Nevis LLC. Re: Using Offshore Limited... Read >

Frivolous lawsuits: Why are they so prevalent?

ASSET PROTECTION is the concept of protecting and preserving one's assets from frivolous lawsuits designed to primarily destroy your current and future lifestyle. Let me put it another way, up to now, you've probably worked very hard to get where you a... Read >

What is good asset protection? Part 2

Authorities are looking for NON-COMPLIANCE, not for those who report and comply. We believe in full disclosure. If there's no reporting form, we make-up our own and file. To my knowledge, there are no laws prohibiting you from protecting your hard-earn... Read >

What is good asset protection? Part 1

ASSET PROTECTION DEFINED Asset protection is the concept of protecting and preserving one's assets from frivolous, illogical, ill-motivated, and more often than not, devastating catastrophic claims against your wealth, designed to destroy your current ... Read >

Why offshore asset protection (aka Foreign Asset Protection) is good?

The U.S. Taxpayer has been intimidated by the government, accountants, and lawyers into equating offshore or foreign business asset protection as fraudulent, unlawful illicit activities and as hiding their assets, fortunes and money illegally. The foreign... Read >

Selecting a Good Trustee. Factors to Consider When Choosing a Trustee.

WHAT TO LOOK FOR IN A TRUSTEE When selecting a Trustee the most important qualities are honesty, stability, dependability, organization, financial experience, and ability to devote time and energy on an impartial basis for the benefit of all Beneficiar... Read >

Trust Protector. The Powers and Responsibilities of a Trust Protector.

When presenting potential clients with different asset protection options, systems, and strategies, one of the questions asked is if I would be willing to act as their Trustee. Yes, I reply but only as a temporary basis and with a resignation letter. The ... Read >

Beneficiary of a Trust

BENEFICIARY OF A TRUST The beneficiary is the reason for your trust (contract). Your beneficiary is the person who will enjoy the benefits of your trust assets. They include, wives, children, grandchildren, charitable organizations of every color and v... Read >

Trustee of a Trust

TRUSTEE OF A TRUST The trustee is the guy who manages your trust assets. Great care should be taken in your selection of your trustee. The trustee is bound by the trust document (i.e. contract) and he has a duty to protect trust assets for the benefici... Read >

Grantor Trust-What is it?

GRANTOR TRUST - WHAT IS IT? - The purpose of a trust is to create an "artificial legal person" to protect, hold, and manage your private wealth for the benefit of your heirs. - As in any contract, someone must initiate the contract (grantor or trustee... Read >

Part 3: Asset Protection: General/Limited Partnership, Corp Chapter

PART 3: ASSET PROTECTION: GENERAL/LIMITED PARTNERSHIP, CORP CHAPTER "C"/CHAPTER "S", LLC, TRUSTS CORPORATIONS (Standard Corporation under Chapter "C") The corporation is a legal entity created under the different state laws and internationally recog... Read >

Part 2: Asset Protection: General/Limited Partnership, Corp Chapter

PART 2: ASSET PROTECTION: GENERAL/LIMITED PARTNERSHIP, CORP CHAPTER "C"/CHAPTER "S", LLC, TRUSTS THE CONCEPT OF ASSET PROTECTION includes the possibility of placing title in certain assets in the name of a less vulnerable spouse or other family members... Read >

Part 1: Asset protection with Joint Tenancy, Tenancy in Common & Community Property

PART 1: ASSET PROTECTION: JOINT TENANCY, TENANCY IN COMMON, TENANCY IN ENTIRETY & COMMUNITY PROPERTY THE CONCEPT OF ASSET PROTECTION includes the possibility of placing title in certain assets in the name of a less vulnerable spouse or other family mem... Read >

Why a Will is Not Enough to Save Anna Nicole Smith's Baby Daughter?

With much discomfort I have been forced to watch the Anna Nicole Smith probate proceedings and much more information than I wanted to know about Anna Nicole's life events. Her reported death is everywhere: on TV, in print, magazines, online and everywhere... Read >

Personal Injury Lawyer Will Steal Your Unprotected Personal Assets

While driving to an appointment, one of your employees remembers he needs to contact a co-worker regarding a meeting. He dials the number on his cell phone, and briefly takes his eyes off the road. In that instant, a vehicle in front of him shifts lanes, ... Read >