Meaning of Asset Protection in Our Disputatious World
Asset protection refers to legal strategies put in place by debtors to escape creditors from accessing, discovering or seizing their valuable assets.
Most times, these asset owners take the pre-planned action to not just escape unfavorable asset protection lawsuits, but also to avoid payment of taxes and several liabilities that follow. On several occasions they are being accused of concealment of assets, tax evasion, fraudulent fund transfer, or bankruptcy fraud when a claim or lawsuit breaks out.
How Companies are Protecting Their Assets
Many corporations can pay the best asset protection lawyers to represent them against asset protection lawsuits, but many times they don’t come out victorious. The long laborious processes to arrive at judgment, is financially burdening. So, at best, they avoid any form of litigation. Companies like McDonalds in time past, had to pay millions in fines and class-actions settlements. Some other corporations or individuals don’t have the financial girth to sustain an asset protection lawsuit for as long as it lasts; many have gone out of business because of these lawsuits, others struggle to regain what was once theirs.
While several companies now have an asset protection plan, some have gone ahead to hire an asset protection attorney. Many secure partnerships with an asset protection specialist, while several others go for asset protection insurance. While these methods seem to solve their problems, these companies have complained bitterly about the cost of asset protection.
America is the No. 1 country in the world, with more lawsuits than any other nation combined, and anyone can get sued for almost anything. In a world where corporate mistakes cost millions, or even billions of dollars it is only strategic to protect one's personal and corporate assets.
Corporations, and individuals that are perceived to have resources, become prime targets for lawsuit hungry individuals and litigation lawyers. Notwithstanding, there are laws in the state and federal levels, insurance policies and structures that may provide a level of asset protection, but these laws are not wholesome and do not cover many areas.
The best asset protection strategy that is tested, trusted and affordable is the establishment of your own Blockchain Trust®, the product of an asset protection company that rely on the most secure platform—the blockchain—to protect your assets from threats that could lead to the loss of all accrued wealth and valuables.
We don’t just offer wealth preservation techniques; we also offer asset protection management and provide strategic structures that shield you from stringent policies, lavish tax extortions, and greedy litigation lawyers that may try to facilitate the liquidation of your assets. Asset Protection through your own Blockchain Trust® gives you the option to legally protect your assets from frivolous lawsuits that are trying to target you or your business.
Does Everyone Need Asset Protection?
The argument of who needs protection in every asset and valuable circumstance never gets old. While a number of people maintain that only big corporations, large firms and huge business establishments need to protect assets and manage their valuable possessions, a greater number have argued otherwise.
Asset protection in reality is nearly for everyone, especially when acquiring such assets costs you a fortune. Small organizations, healthcare professionals, business owners, employees, entertainers, artists, individuals, athletes, celebrities, and anyone in possession of revenue generating streams will need to protect assets. This includes anyone with:
High visibility, and assets that can be traced.
High net worth individuals
Professions with high potential for mistakes and lawsuits like pharmacists, engineers, lawyers, realtors, doctors etc.
How Much Does an Asset Protection Trust Cost?
How much does it cost to set up a foreign or domestic asset protection trust?
It all depends on several factors.
If you are creating a foreign asset protection trust, the initial amount can be as high as $15,000 or more, with the least cost pegged at $12,000.
On the other hand, if you are setting up a foreign asset protection trust, then the cost will be practically high with $25,000 as the least price. It could cost up to $30,000 or more.
In addition to these fees, you will be required to pay annual fees for maintenance, which is valued in thousands of dollars, applicable to both types of asset protection trust.
Part of these fees are paid to the attorney, while the rest is given to the offshore trust company saddled with the responsibility of logistics for setting up the asset protection trust.
How Much Does a Blockchain Asset Protection Trust Cost?
Setting up your own Blockchain Asset Protection Trust cost a one-time payment fee of only $2,999, a huge discount compared to traditional methods. The Blockchain Asset Protection Trust provides you with all the benefits of the traditional asset protection trust, and provides you with extra levels of privacy and security.
Do I Need Asset Protection?
Do you have assets? Then, you need to secure them. In 2016 Apple was sued by Nokia for asset infringement claims, this claim cost Apple billions of dollars to settle.
IF YOU HAVE ASSETS, THEY CAN BE TAKEN FROM YOU, SO YOU NEED TO PROTECT THEM.
The Blockchain Trust® is securely registered on the Blockchain, especially on the Ethereum and Polygon networks, which provides the most secure option for your assets. The Blockchain Trust® is registered under a unique identification and registration number that can’t be claimed by any other person. Due to its decentralized nature, the Blockchain Trust® has 100% tax exemption and gives you the freedom to perform transactions globally without limitations from regulatory bodies. The blockchain network makes it impossible for forgeries, and false claims to occur, and with your own Blockchain Trust®, we ensure that you are properly registered on the blockchain network in 30 minutes. We also provide you with the necessary guidance, strategies and consultation you or your business would need. All of this, 100% tax free, in 30 minutes!
Why Asset Protection?
At the Blockchain International Corporate Registry Authority, we understand that the most important aspect of any transaction is “trust”, that’s why our Blockchain Trust® registration process is decentralized but 100% secured on the blockchain. A good asset protection will provide for you easy-step-by-step guides for implementation, transparent processes, solid structures and strategies that shield against creditor claims and incidents that could diminish revenue.
So, who needs asset protection? Anyone with an asset, or a revenue generation stream, and that includes you and your business.
Protect yourself against any possible future threats by registering your own Blockchain Trust® today!