How can I tell if I need asset protection?
The types of circumstance that would indicate asset protection benefits are:
- if you are in a high risk occupation or business
- if you have a substantial liquid net worth
- if you have employees
- if you are on the board of Directors of any company
- if you own real estate
- if you own a business
- if you have family members who drive a car that you own
- if you have family members who are break the law
- if you own a plane or a boat
I have ample insurance. Isn't that enough?
- asset protection is in addition to adequate local/domestic liability insurance, but there
are large gaps in the coverage limits of different policies.
- only in the event of a claim will you know if the insurance company will defend you or
pressure you to settle due to their economic reasons (you appear guilty)
- after one claim, you may not be able to get insurance again
- for some high risk occupations the cost of insurance is too expensive to be affordable
- having insurance can actually attract more attention to you
We recommend that individuals have sufficient insurance to meet statutory / public / 3rd party
requirements.
I've been sued, will your service help me?
- Asset protection like many other facets of business is about planning. Nothing will help if
you wait until it is too late. You need to learn about asset protection and implement it before
there is an actual need for it.
Is asset protection just a way to dodge legitimate creditors from being paid?
- "All is fair in love and war" should also include business. Unfortunately, with the best will
in the world, one can't always bank on a fair outcome to situations, regardless of whether one is
at fault or not. This is not a fair world that we live in and we prefer to take the view that your
survival from a given situation leaves you able to carry on, possibly continuing to provide jobs etc.
Will you help me protect my assets and income from taxes?
- There are some legal methods of tax avoidance to save taxes or to avoid problems with the
Inland Revenue / IRS / ATO. Tax evasion is illegal and we do not partake nor assist in any such methods or
schemes.
Why should I move my assets offshore if I can't save taxes?
- There are many good reasons to go offshore which are described
here.
Aren't offshore trusts just for the dishonest?
- No. There are dishonest businesses and crooks who use offshore trusts to hide and protect their
assets from the government and their competitors or even their family, but there are many investors
and entrepreneurs who are equally concerned about attacks and the growing asset forfeiture
capabilities.
How can I be sure my money will be safe offshore?
- There are three steps that will help you to be sure your offshore funds are being managed by
ethical people and are safe from a variety of risks.
- don't put all your savings / investments / assets etc with just one provider
- diversify so that no one loss will wipe out your entire investments etc
- investigate the provider and subject before you invest
Will I be hassled or audited by the Inland Revenue if I go offshore?
- the Inland Revenue does not have any easy way to know who is using offshore vehicles. We know
they monitor websites for keywords and try to trace them back to a UK company if they can.
- in the USA, the IRS is keen to know who has an offshore bank account, offshore investments,
offshore trust or offshore corporations to see if they are not filing relevant tax forms and
therefore not paying all their taxes.
- both governments are after people who are not paying their taxes.
- they are also looking for promoters of illegal schemes in order to find their clients
- we do not offer any illegal schemes or methods of tax evasion
Can you send my company an invoice?
- Yes, if it is a legal entity, any purchase from us automatically gets an invoice.
How long have you been in business?
- Since 1993. You will find more information about the principal consultant behind Snowdon
Consultants Ltd here:
Why don't you publish your street address?
- we do not have an office for walk-in business nor do we want advertisers abusing the street
address so we use a post office box address.
