Protection of assets

Protection of assets is a process during which the composition of a person’s assets is structured in a way the potential creditors and other claimants do not have the possibility to involve all the person’s assets in fulfilling claims.

In order to protect assets, it is possible to use various means, depending on the situation it is possible to use a trust, foundation, Swiss bank accounts and investment products. By creating such a structure you eliminate the claimant’s chances of involving your other assets to guarantee a claim.

Traditional reasons for asset protection:

• Privacy and protection – individuals who own businesses and personal assets often become the targets of criminal organizations. The aim of such clients is often to administer their property in a way not revealing the identity of the real owner of assets.
• Realization of assets – media often expresses unreasonably high interest in the state of assets of an individual. In order to avoid the public interest resulting from the realization of assets it is often desired to administer one’s assets in a more private manner.
• Investments in real estate – clients who make or have considerable investments in real estate as a rule wish to escape publicity.

Asset protection plans are based on unique circumstances and privacy and the protection aims of clients are different. Various companies, trusts, foundations and private banking agreements enable the clients to achieve the desired outcome.