There seems to be a misconception about offshore asset protection in that its legality seems to be questioned. Some people even ask if the concept is sleazy. Despite all the myths that surround the topic, it is a viable way to protect your assets should you ever be facing litigation. For a few years towards the end of the 1990’s, offshore asset protection was synonymous with offshore planning. Offshore banks, mutual funds, and trust funds were sprouting up like weeds, and offshore tax/debtor havens were booming.

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