Asset Protection F

7/28/2019 Asset Protection F

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What is Asset Protection ? Asset Protection refers to a set of legal techniques

and a body of statutory and common law dealing withprotecting assets of individuals and business entitiesfrom civil money judgments.



Asset Protection At International level

PATENT TREATMENT

OUT PATENTS

TRADING PATIENCE

PATENTED INHABITANTS

PATENT A LUXURY

EUROPE TARGETS CONSUMERS IN COUNTERFEITCLAMPDOWN



PATENT TREATMENT

Enforcement actions by patent offices in developingcountries have traditionally been slow, but thissituation is improving, especially as the WTO isensuring that IP rights in developing countries aremoving nearer to those standards in the West.

In 1995, India signed TRIPS agreement with WTO.



OUT PATENTS

China’s State Intellectual Property Office announcedin 2008 that 20 methods to protect IP have beendrawn up, it includes:-

Improving the Protection System

Strengthening law Enforcement

Raising Public Awareness.



TRADING PATIENCE

Western companies are becoming more hopeful aboutChina’s efforts to enforce foreign IP rights, especially since a number of WTO rulings went against China.



PATENTED INHABITANTS

IP Infringement lowers the creativity.

It has poor effect on company’s Brand Equity, Profits

and also increases costs.



PATENT A LUXURY

Third-party policy



EUROPE TARGETS CONSUMERS IN

COUNTERFEIT CLAMPDOWN Authorities in France and Italy are not just targeting

those who produce and sell fakes but also those whobuy them in an effort to clampdown on counterfeitgoods and tax evasion.



CLAIM TYPES Claims

ExternalClaims

Internal

Claims



ASSETS TYPE

Assets

Safe Assets

Dangerous Assets



TYPES OF ASSET-PROTECTION VEHICLES

Asset-Pro. Vehicles

Corporations Partnerships Trusts



Corporations Corporations are a form of business organization

created in accordance with state law.

Three Types:- C Corporations

S Corporations

Limited Liability Corporations



Partnerships• An association of two or more persons

carrying on a business activity

• Each partner is personally liable for allof the debts of the partnership

General

Partnerships

• LP is authorized by state law and

consists of one or more generalpartner and one or more limitedpartners.

• Limited partners have no personalliability for the debts and obligations

LimitedPartnership



Trusts

Trusts

Irrevocablerusts

Revocable

Trusts



ASSET PROTECTION SHYSTERS

THE CROOKED PURE TRUST SCAM ASSET PROTECTION CONSULTANTS SCAM

THE MISLEADING "INSTITUTES" CONCERNING ASSET PROTECTION VARIOUS BOOKS ON OFFSHORE TRUSTS

THE UNQUALIFIED AND/OR MISGUIDED ACCOUNTANTS ESTATE PLANNERS



NECESSARY PRECAUTIONS TO ASSET PROTECTION

DON'T WAIT

DO SHIFT RISK TO AN INSURER

DON'T TRANSFER TITLE TO YOUR SPOUSE DO KNOW WHAT'S PROTECTED BY LAW

DO CONSULT THE RIGHT KIND OF EXPERT

DON'T GET SUCKERED INTO POTENTIALLY

SHADY STRUCTURES

DO INSULATE YOUR ASSETS— JUDICIOUSLY



CONCLUSION

Contrary to popular beliefs, asset protection does notmean hiding assets, and is not a trick to evadeauthority.

Asset protection also does not involve deceptiveagreements or fraudulent transfers. It is simply smartand safe financial planning.

It safe guards your assets from being extracted byoutsiders who do not have any right to or claim on your hard earned money.

Asset Protection F

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