Methods of asset protection:
a. Self-settled trust in foreign jurisdiction that doesn’t recognize US judgments or other legal processes, such as asset freezes.
b. Include clause in self-settled trusts about divesting trustee (settlor) of interest if there is an event of duress like when a judgment has been entered against you and a party is trying to get to those funds. Don’t give yourself the power to determine whether or not duress has occurred.
c. Make it impossible to repatriate money so that you can defend against a contempt charge.
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