Interesting I agree, HOWEVER collecting from this
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Posted On: 10/09/2020 1:47:48 PM
Interesting I agree, HOWEVER collecting from this piece of trash will be another thing. He's had plenty of time to move his fowl gained finances to off shore accounts and then claim bankruptcy. Hope I'm wrong and the scumbag has a thread of decency in him or at least insurance.
https://www.wikihow.com/Protect-Assets-from-a-Lawsuit
#2 Research offshore jurisdictions. In some cases you may be able to better protect your assets by moving them to a bank overseas.
Keep in mind that offshore trusts are expensive to create and maintain, so this is a viable option only if you have significant assets or pre-existing ties to another country.[24] For example, if you own a vacation property in The Bahamas, you might consider creating a trust there since you already own real estate in the country and presumably visit on a regular basis.
Some countries require anyone trying to reach assets held in a trust to hire an attorney in that country and personally appear in court. This can decrease anyone's interest in going after those assets as it would be extremely expensive and time-consuming to do so.
Historically, foreign trusts were considered more effective at protecting significant wealth and assets from lawsuits. However, at least 12 states now have laws allowing for the creation of asset-protection trusts. These domestic asset-protection trusts have most of the benefits of offshore trusts, but are generally less expensive to create and maintain.[25]
https://www.wikihow.com/Protect-Assets-from-a-Lawsuit
#2 Research offshore jurisdictions. In some cases you may be able to better protect your assets by moving them to a bank overseas.
Keep in mind that offshore trusts are expensive to create and maintain, so this is a viable option only if you have significant assets or pre-existing ties to another country.[24] For example, if you own a vacation property in The Bahamas, you might consider creating a trust there since you already own real estate in the country and presumably visit on a regular basis.
Some countries require anyone trying to reach assets held in a trust to hire an attorney in that country and personally appear in court. This can decrease anyone's interest in going after those assets as it would be extremely expensive and time-consuming to do so.
Historically, foreign trusts were considered more effective at protecting significant wealth and assets from lawsuits. However, at least 12 states now have laws allowing for the creation of asset-protection trusts. These domestic asset-protection trusts have most of the benefits of offshore trusts, but are generally less expensive to create and maintain.[25]
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