| Asset Protection |
| Moving
Offshore |
| By Frank M. Ahearn |
| In my last
article I taught you how to disappear. This week I was stranded in a hotel
room held hostage by daytime TV. I have to admit, it was a horrible experience
yet enlightening. Like a thunder bolt I realized that I had neglected to
explain why one should disappear or perhaps at least consider protecting
their assets, by going offshore.
So here I am,
lost in hotel hell, flicking from one talk show to another.
Trust me, no
fun in that act. However, there was one consistent on every station. Lawyers
advertising on Local stations and networks too. In big bold letters “HAVE
YOU BEEN INJURED” , “IF YOU’VE BEEN WRONGFULLY TERMINATED”. |
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I’m sitting
there wondering who their target audience is? Perhaps the unemployed, the
lazy, the unmotivated? It doesn’t matter, cause you are their pay day and
the attorney is the hired gun!
| Search
4Escape - The International Lifestyles Search Engine |
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4Escape is a search engine that searches our network of websites each of
which shares a common theme: International relocation, living ? investing
overseas, overseas jobs, embassies, maps, international real estate, asset
protection, articles about how to live ? invest overseas, Caribbean properties
and lifestyles, overseas retirement, offshore investments, our yacht broker
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vacation rentals, international vacation packages, travel resources,
every embassy in the world, maps of the world, our three very popular eZines
. . . and, as they are fond to say, a great deal more. |
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There is nothing
wrong with lawyers advertising their business. I love capitalism. However,
when some ambulance chasing hack is trying to dip his hands into the pockets
of those who worked hard for what they earned, its war! Truthfully, lawsuits
have turned into a lottery system for those looking for the easy payday.
Most of us
have heard the story of the woman who burned herself with coffee and sued. |
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| Why was she
not more responsible in holding her coffee cup properly? What about the
parents who sued because their child became obese eating fast food? Hello,
we as parents do have a responsibility towards our children’s’ intake.
I think common sense tells you if you suck smoke in your lungs it can’t
be all that healthy. The recent trend of class action suits against tobacco
companies have become quite successful. The tobacco companies paid back
millions if not billions. Just curious… did the government ever repay all
the taxes they collected to the people who sued? Of course not!
The devastating
part of lawsuits are not always the results. The cost of defending
the suit can actually be more crippling. Your attorney will most likely
try to settle the case, since the cost of trial is exorbitant. The results
of a law suit in reality have nothing to do with who is right or who is
wrong. Never forget the experts in court cases want the money up front! |
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Offshore
Resources Gallery
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| Learning how
to disappear was a tool for the hardcore. Learning why and how you should
protect your assets is for everyone. If you are reasonably successful and
have any type of savings you should be offshore. Whether it is an IBC (international
business corporation) or some type of trust.
No one ever
expects the worst, or plans on disasters. It would be cheaper to protect
your assets than fight a law suit. Prior to most suits lawyers will do
a preliminary investigation to determine if your pockets are deep enough
to tap. If you are judgment proof most likely they will not pursue a case.
Why? Because there is no money in it.
There was
a time in society when lawyers represented people who had been truly wronged.
The legal system has evolved into a money making machine for those who
have a license to practice. Justice does have its cost, she is not blind!
There is a price tag attached; it could be the house you worked hard for
all those years.
“But I have
insurance.” Yes you do. However, it does not cover punitive damages.
Remember, your insurance company hires the law firm of their choice. |
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| Those firms
actually work for the insurance carrier and their best interest, not yours.
Punitive damages comes out of your pocket, your savings, your, child’s
college fund, your home equity.
When it comes
to a judgment most things are attachable. Judgments on your home last for
twenty years and accrue interest. In some cases treble damages can be awarded,
in which the amount becomes threefold.
If you read
my first article you would be aware there are companies like Ahearn Group,
Ltd. that specialize in locating people and their assets. Most of us that
do it are very good at what we do, its our payday. Part of the solution
is to educate yourself on offshore living. Besides websites such as Escape
Artist, there are great books out there for you to read. It's very important
you speak with your accountant or perhaps a tax attorney. There go those
attorneys making money again for specific tax advise. |
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Offshore
Resources Gallery
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| Escape
From America Magazine - The Magazine To Read To If You Want To Move Overseas |
| - Began Summer
1998 - Now with almost a half million subscribers, out eZine is the resource
that expats, and wantabe expats turn to for information. Our archives
now have thousands of articles and each month we publish another issue
to a growing audience of international readers. Over 100 people a
day subscribe to our eZine. We've been interviewed and referenced
by the Wall Street Journal, CNN, The Washington Post, London Talk Show
Radio, C-Span, BBC Click Online, Yahoo Magazine, the New York Times, and
countless other media sources. Featuring International Lifestyles
~ Overseas Jobs ~ Expat Resources ~ Offshore Investments ~ Overseas
Retirement - Second Passports ~ Disappearing Acts ~ Offshore eCommerce
~ Unique Travel ~ Iconoclastic Views ~ Personal Accounts ~ Views From Afar
~ Two things have ushered us into a world without borders... the end of
the cold war and the advent of the world wide web of global communications
? commerce. Ten years and over one hundred issues! We're just
getting started - Gilly Rich - Editor |
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| There is a
recent law that was passed that supposedly stops individuals from locating
assets http://www.senate.gov/~banking/conf/grmleach.htm. The law states
that an individual cannot pretext a bank or a financial institution. This
law put the asset searching community in a frenzy. Some companies have
yet to change the ways in how they locate assets. Most investigators or
skip tracers invest $250.00 and mail a copy of the judgment to 675 institutions
that surround the subject’s place of employment or home. How many banks
and brokerage companies are still out there? The odds are in my favor for
a hit. If the above do not work, I can have your trashed pulled for old
statements. There are more ways than to locate assets. Protection should
be a part of personal and business planning.
So I thank
daytime TV for my epiphany and words to you. Remember a little offshore
protection is a good thing. However, a little offshore living is a better
thing!
The following
article is the first article that Frank Ahearn wrote for the magazine:
To contact Frank
Ahearn Click Here |
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Articles
On Various Subjects Index ~ |
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