One needs to diligently protect one’s assets from the insidious corporations law, the family court, accidents, litigious litigation and ‘murphy’s law’; and this can be achieved by:
- ? Quarantining ANY defined beneficial interest by the client;
- ? Quarantining ANY defined beneficial interest by the client’s spouse;
- ? Eliminating the power of the Corporations Law;
- ? Implementing an appropriate child maintenance program;
- ? Diluting and /or eliminating the power of the Family Court;
- ? Removing any beneficial interest from BOTH the client and his spouse;
- ? Additional cross-border quarantining of a Trust’s assets;
- ? Being able to present supporting interlocutory documentation to demonstrate transparent commercial business transactions;
- ? The creation and maintenance of the relevant registers in order to chronologically record date related transactions and their financial implications.
Domestic Asset Protection ( Personal & Business )
Domestic Asset Protection mechanisms are designed to effectively eliminate the power of the Corporations Law by restructuring businesses to operate outside of corporation’s law parameters. This forces any potential Plaintiff to bring court proceedings on a civil and/or commercial basis and provides a business with far more legal flexibility.
Overview of the Corporations Law
Structuring of business normally results in using a company as the operational and structural tool for SMEs. The reason for this is that it has resulted from self-serving government policy as a result of the implementation of a government controlled education agenda through the current curriculum distributed nationally through universities and colleges. As a direct result, professional graduates of the accounting, banking, legal, insurance and other financial disciplines have been nourished and conditioned accordingly by the government curricula; to the point of un-questioned acceptance. This same curricula agenda has also been broadly distributed throughout the education schooling systems as a whole.
NB: The purpose of introducing international trustees is to eliminate the power of the Corporations Law and force any Plaintiff to bring court proceedings into the trustee’s domestic jurisdiction of choice.
International Asset Protection
International asset protection mechanisms are designed to force any potential Plaintiff to bring court proceedings in the trustee’s domestic jurisdiction of choice; this places them at a great disadvantage, because it removes the power of the corporation’s law and/or the plaintiff’s local court action(s). A different jurisdiction creates a completely different set of domestic legal precedents and circumstances, and adds huge additional legal costs. Such mechanisms may include:
Specialist Trustee Services | Limited Liability Partnerships |
Double Taxation Treaty Analysis | Specialised Trust Structuring |
International Business Relocation | Private and Charitable Foundations |
The BFS Group is the result of comprehensive national and international research into the delivery of tax-efficient international corporate restructuring which includes:
Income Source Rules | Transferor Trust Laws | International Anti-Avoidance Rules |
Controlled Foreign Companies | Transfer Pricing | Dominant Purpose Laws |
Controlled Foreign Trusts | Thin Capitalization | Double Taxation Treaty Analysis |
Goods and Services Tax | Managed Investments Act | Financial Reporting of Banks |
Capital Gains Tax | Fringe Benefits Tax | Mutual Legal Assistance Treaties (MLAT’s) |
Financial Centre Reporting |
Asset Protection ….. Negates Legal Warfare!
The end goal of asset protection mechanisms is to limit, reduce, nullify, quarantine and polarize the effects of all forms of litigation which may affect any entity, be it individual or corporate, from attacks on all and any assets; these attacks may emanate from adversarial litigation resulting from different types of legal action, such as:
Business Related Litigation | Spurious Litigation | Government Sponsored Litigation |
Employee-Related Litigation | Family Court Related | Business Liquidation and/or Receivership |
Creditor Litigation | Opportunistic Legal Attack | Personal and/or Business Bankruptcy |
Exposure to insurance-related liability, usually to do with public liability and/or professional indemnity, where the insurance company(s) is/are able to deny claims on the basis of deemed client related policy breaches, such as:
Negligence | Fraud | Prior Court Precedents |
DUI | Suicide |