The Strongest Asset Protection From Lawsuits Available in the World
The Strongest Asset Protection From Lawsuits Available in the World
(NewDesignWorld Press Release Center)November 22, 2008, London, UK -- For those looking to protect their assets from being taken away by lawsuits or creditors, there are powerful strategies available, including the strongest asset protection available on the planet, the Cook Islands Trust.
The average person in the world will likely experience several lawsuits in their lifetime. In the United States, the average person today experiences five lawsuits in their lifetime, says asset protection attorney, Jay Mitten. The odds are that one of these will result in the loss of the victims entire assets, including their life savings. "Our mission is to keep that from happening to our customers," states Kevin Wessell, a renowned asset protection expert and CEO of Offshore Company, an asset protection company in business for over 30 years. “If you have assets, including cash, stocks, property, businesses and assets under your name, then you risk losing everything you own by a single lawsuit or judgment brought against you,” warns Mr. Wessell.
“Everyone is vulnerable and your assets can be taken away in a split second by one simple court judgment brought against you. Think of an everyday situation that can happen to anyone. You are driving your car, minding your own business when suddenly you are involved in an accident. The other driver decides to file a lawsuit against you. The plaintiff’s attorney sues you for more than your insurance covers. He investigates what your assets are worth, including money in the bank, stocks, home, properties and businesses you and your family own. The plaintiff’s attorney now has an idea how much you are worth and how much they can seize from you. In this simple everyday situation, one split second (the accident) could cause the loss of everything you and your family own,” cautions Mr. Wessell.
How could a person lose everything they own from a lawsuit such as this? Isn’t that what auto insurance is for? “Auto insurance, similar to any other type of insurance, is merely the first layer of protection, covering a set amount of money filed from a claim. If the accident is minor and the victim is a good ethical citizen, then everything is likely covered. However, we are living in a dangerous world where opportunities to take advantage of a person’s misfortune flourish. Moreover, attorneys need to pay their bills and put food on the table. Even people that ordinarily wouldn’t think of suing you will certainly be motivated once an attorney shows them how much money they can confiscate from you in lawsuit. Thousands of lawsuits go far beyond the limits of the insurance policy that is meant to protect you,” Explains Mr. Wessell.
Offshore Company has helped many thousands of clients with asset protection services including celebrities, business executives, medical professionals, attorneys and everyday people just trying to make a living and build a nest egg. One of Offshore Company’s clients included a Los Angeles surgeon who was in the middle of eight breast implant lawsuits after it was found that silicone had leaked due to the manufacturers’ design. This manufacturer had to file bankruptcy. Since the manufacturer was no longer available to be sued, the lawyers went after the surgeon himself, though he wasn’t at fault.
The surgeon had to file bankruptcy to clear away the lawsuits. Beforehand, however, his assets were under the jurisdiction of a licensed and bonded foreign trustee outside of the United States court’s jurisdiction. The trustee refused to release the funds to the surgeon’s legal enemies. As soon as the bankruptcy removed the debts and liabilities of the surgeon, the foreign trustee released the funds back to the surgeon.
The advantages of setting up a Cook Islands trust compared with a domestic trust are the powerful asset protections the Cook Islands trust provides. With a domestic trust, the trust is required to follow the orders of the U.S. judge and if these orders include turning over the trustees’ entire assets to their legal enemies, then the trust must obey. The Cook Islands trust however is not required to obey the orders of the U.S. judge and the Cook Islands offers a host of additional protections for the trust that simply do not exist anywhere else in the world.
For more information about offshore trusts including the Cook Islands trust, call Offshore Company toll free at 1-800-COMPANY (1-800-266-7269) or visit: http://www.offshorecorporation.com/offshore-trusts/CookIslandsTrust.aspx
About Offshore Company
Established in 1977, Offshore Company serves businesses and individuals by providing asset protection services, creating offshore companies, trusts and offshore banking services.
Offshore Company is based in the Los Angeles area at 28015 Smyth Drive, Santa Clarita, CA 91355. Telephone number: 1-661-253-3303. The website is: http://www.OffshoreCompany.com
Offshore Company is a document filing organization and is not a law firm or accounting firm. The information presented is designed to provide accurate and authoritative information with regard to the subject matter covered. It is presented with the understanding that the organization is not engaged in rendering legal, accounting, or other professional advice. If legal advice or other expert assistance is required, the services of a competent professional person should be sought.
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Offshore Company
28015 Smyth Drive
Santa Clarita, CA 91355
Contact: Brett Schoneman
1-661-310-2807
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