The Marvont Group: A Short Review on Asset Protection Trust

What is common to all asset protection techniques is that they make it harder for a creditor
to either find or take the assets. With a properly constructed asset plan that might include
an asset protection trust and a family limited partnership, a person can legitimately put a
significant part of his assets from the reach of judgment creditors and still retain
substantial control over those protected assets.
A properly implemented asset protection approach minimizes the size of the target the
plaintiff’s attorney is aiming for. As soon as the plaintiff’s attorney is sure that any
judgment will be hard or perhaps not possible to collect, his determination fades because
he’s not likely to be paid for his work. For those who wonder what the main effect of a
carefully constructed plan, it is the elimination of the plaintiff’s economic incentive to
litigate.
Based on a review made by <strong>The</strong> <strong>Marvont</strong> <strong>Group</strong>, an asset protection trust with a citizen or
resident of the United States and soon to offer in Tokyo, Japan as the settlor is normally
structured to become tax neutral. In particular, due to the settlement of an asset protection
trust, no further income, estate, gift or excise tax should be due. <strong>The</strong> trust shouldn’t be also
expected to save taxes. It’s also wise to note that a foreign trust can’t be legally or safety
utilized to hide income from the long arm of the U.S. Department of the Treasury regardless
of the almost complete confidentiality it offers.
If you’re a U.S. citizen/resident and considering an asset protection trust, the <strong>Marvont</strong>
<strong>Group</strong> suggests that have it implemented by a genuine tax expert with extensive
experience. Remember that if you’re ever told that an asset protection trust, or any foreign
trust, could save you income taxes, then you’re getting a negative advice and perhaps being
asked to commit a crime as you go along.