Grey Pizza

Please login or register.

Login with username, password and session length
Advanced search  

News:

Donations (BTC): 1DMzymyV7DeYoZ9ijXH6fnTJKN6ov3vnNJ

Author Topic: Asset Protection 101  (Read 68 times)

John Doe

  • Newbie
  • *
  • Posts: 10
    • View Profile
Asset Protection 101
« on: December 07, 2017, 12:13:58 AM »

Asset Protection is tricky. It is not easy to achieve, sometimes it is not cheap and it will hardly be absolutely bullet proof.

Asset protection in a nutshell are the precautions you can take to not have your assets lost, stolen, devaluated or frozen.

A common example are judicial freezing due to senseless litigation. Your neighbor feels entitled to sue you because he found his car scratched. He thinks it was you. He is not sure. However the judicial system allows him to simply go ahead with this proofless acusation. The judge in its wisdom calculates the cost of repair in 10000$. Your bank account with 10000$ only will then be seized throughout the duration of the litigation. You do not have access to that asset anymore. No matter what.

The most common way to protect you assets is moving them out of a jurisdiction where people are law suits happy and judges are overpowered. You can also convert seazable assets in less seazable ones. You can withdraw cash and replace it by gold. In case of crises, your gold will be usually protected against devaluation where FIAT currency flutuates easier.

In summary, one thing is to protect your assets from unjust litigation. Usually it can be achieved by shelling your assets under a limited liability company. You can go one step further and stabilish a Trust. A trust is a financial institution in which the trustee is an entity with power of attorney to to hold assets on behalf of a beneficiary. It means your name won't be listed as the owner of the legal entity that holds your assets.

Another thing is to protect your assets from devaluation either due to inflation, to currency weakening or to widespread financial crises. Usually it can be achieved by diversifying your assets into less risky ones. E.g. Gold, Silver, precious metals, art or cryptocurrencies.

Finally assets can be protected by devaluation due to excessive taxation. There's no way to go around high taxation but to find tax legislation loop holes or to simply earn your money in more favorable tax jurisdictions. E.g. Off-shore banking.

This is one example of asset protection system that might give you a starting point to think about possibilities:
https://www.youtube.com/watch?v=DHNHasrOqdE
« Last Edit: December 07, 2017, 12:20:35 AM by John Doe »
Logged

No One

  • Newbie
  • *
  • Posts: 34
    • View Profile
Re: Asset Protection 101
« Reply #1 on: December 13, 2017, 05:30:46 PM »

Asset Protection is tricky. It is not easy to achieve, sometimes it is not cheap and it will hardly be absolutely bullet proof.

Asset protection in a nutshell are the precautions you can take to not have your assets lost, stolen, devaluated or frozen.

A common example are judicial freezing due to senseless litigation. Your neighbor feels entitled to sue you because he found his car scratched. He thinks it was you. He is not sure. However the judicial system allows him to simply go ahead with this proofless acusation. The judge in its wisdom calculates the cost of repair in 10000$. Your bank account with 10000$ only will then be seized throughout the duration of the litigation. You do not have access to that asset anymore. No matter what.

The most common way to protect you assets is moving them out of a jurisdiction where people are law suits happy and judges are overpowered. You can also convert seazable assets in less seazable ones. You can withdraw cash and replace it by gold. In case of crises, your gold will be usually protected against devaluation where FIAT currency flutuates easier.

In summary, one thing is to protect your assets from unjust litigation. Usually it can be achieved by shelling your assets under a limited liability company. You can go one step further and stabilish a Trust. A trust is a financial institution in which the trustee is an entity with power of attorney to to hold assets on behalf of a beneficiary. It means your name won't be listed as the owner of the legal entity that holds your assets.

Another thing is to protect your assets from devaluation either due to inflation, to currency weakening or to widespread financial crises. Usually it can be achieved by diversifying your assets into less risky ones. E.g. Gold, Silver, precious metals, art or cryptocurrencies.

Finally assets can be protected by devaluation due to excessive taxation. There's no way to go around high taxation but to find tax legislation loop holes or to simply earn your money in more favorable tax jurisdictions. E.g. Off-shore banking.

This is one example of asset protection system that might give you a starting point to think about possibilities:
https://www.youtube.com/watch?v=DHNHasrOqdE

You forgot to mention crypto.

Put everything in crypto provided you know how to protect your data.

Diversify your assets. Split it in various crypto currencies and you should be good against law suits.

Besides why even buying stuff? We have uber and Airbnb nowadays. You need to own nothing. Put no anchor and roots and thatís the best most of us can do.
Logged

hidden0

  • Newbie
  • *
  • Posts: 19
    • View Profile
Re: Asset Protection 101
« Reply #2 on: January 11, 2018, 06:47:38 PM »

I agree! One should have nothing under his name. Cars, houses, money, stocks... Everything should be owned by a trust or LLC. Make it hard and expensive for investigator to find or affect your stuff. That's freedom!
Logged

No One

  • Newbie
  • *
  • Posts: 34
    • View Profile
Re: Asset Protection 101
« Reply #3 on: January 14, 2018, 02:37:41 AM »

I insist thatís not freedom as much as owning nothing. Properties and stuff ground you down. In the crypto world where you can anonymously pay for services like airbnb and Uber thereís no need to own cars, houses or anything.
Logged