Asset Protection & Cyprus International Trusts

A. WHAT DOES ASSET PROTECTION MEAN?

Asset protection is the adoption of advance planning strategies which place, in a legal and efficient manner, one's assets beyond the reach of future potential creditors or other claimants as well as forced heirship or matrimonial rules. It's a legal device that is designed to provide a substantial barrier to an attack on assets from potential creditors. In our practice, it does not involve hiding assets, nor is it based upon secret agreements or fraudulent transfers. It is based upon proven sophisticated combinations of business and estate planning techniques. The methods employed vary from outright gifts to the sophisticated use of legal entities, limited partnerships and trusts.