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Tax Engineering

What does asset protection mean?


Question

What does asset protection mean?

Answer

The term asset protection describes the legal concept of transferring your assets to a legal entity that protects it from frivolous litigation, government misappropriation and spousal attacks. The protection of assets protects them from any situation that may threaten their property. In any of these situations an offshore company will protect your assets, as it will act as a shield against these unexpected situations.



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