International Asset Protection Planning
A roundtable discussion amongst private client experts from Florida, Texas and New York - plus the European jurisdictions of the UK, Portugal & Malta.
Synopsis
Proper asset protection planning is an important consideration for clients with significant personal assets they wish to shelter from future legal judgments.
There is potential for anyone with creditors in a commercial or personal context to be subject to a negative judgment, should those creditors decide the terms of an agreement have been broken, a contract violated or a loan payment missed. Anyone with substantial assets should plan ahead and know how to structure them efficiently.
Residents of Florida will appreciate the following weather metaphor for our increasingly litigious society: If you know you live in a region prone to hurricanes you should fortify your house to ensure it is sturdy enough to withstand the storm when it strikes. To do nothing is to invite dsaster.
With this in mind, IR Global teamed up lawyers for a virtual round table of Private Client professionals, including Peter Greswold from Wrigleys, to discuss how asset protection planning is handled in jurisdictions across the US and Europe.
Full details of the discussion are here
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If you would like to discuss any aspect of this article further, please contact any member of the Leeds private client team on 0113 244 6100. You can also keep up to date by following Wrigleys private client team on Twitter. The information in this article is necessarily of a general nature. Specific advice should be sought for specific situations. If you have any queries or need any legal advice please feel free to contact Wrigleys Solicitors.
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