United Kingdom, (PressExposure) August 21, 2008 -- A new law firm based in Panama has decided to enter the offshore services market in Britain.
Offshore Law Firm will primarily offer it's clients asset protection planning and strategy services with an emphasis on wealth building and management through limited partnerships and trusts in offshore jurisdictions.
The bottom line with any asset protection strategy and plan is to keep your assets safe so that creditors cannot seize them from you through legal action. If youâre assets are not fully protected, you are an easy target for any financial predator poised for the attack and every one of them comes equipped with a contingency fee attorney.
What most people just donât realize is how easily you can be in a creditorâs "gun sights". Typically, if you fall into any one of the following scenarios, you could already be under the microscope and have no idea that you are:
If you own and operate your own business If you own bonds, property, and/or stocks If you are a celebrity of any sort If you are known in smaller circles as being "well off"
Current statistics divulge a gruesome fact -- if you are a business owner or a licensed professional, there is a one-in-three chance that you will be sued this next year. Are you prepared for that if it happens? Lawsuits have become an epidemic in the United States and what is worse is that there are 100,000 new ones being unleashed on society every year.
How do you know if you need an asset protection plan? The financial incentive for litigation can never be completely eliminated by trust makers, but a proper plan can make litigation difficult or cost prohibitive to attempt. Contingent fee attorneys / litigators sue for money -- your money -- so the necessity of a strong asset protection strategy and plan is critical to your estate planning.
As your financial portfolio grows, and your assets continually appreciate in value, it becomes more and more imperative for you to take action and ensure that they are safe and secure. When creditors realize that they cannot get their hands on your assets, you become an increasingly smaller target. As the old saying goes, "you canât take it with you." However, you can make certain that no one can take it from you.