Why is asset protection necessary?
Naturally when we speak about asset protection, we are speaking about the legal definition and vehicles, not the act of physically defending one’s wealth. If we wish to be totally frank, we can say that asset protection is necessary because in numerous cases there are many people in addition to the rightful owners who would like to get their hands on accruing and growing fortunes. Usually unjustifiably.
In relation to asset protection, the average person usually thinks of the state. However, the family, friends, acquaintances, relatives or even neighbours of the person with assets can be much more dangerous than the state and in certain cases can cause far greater damage. In a dispute of assets, a demanding spouse, or a business partner with designs on royalties or a relative with links to the source of the assets can make the life of the true owner of the assets quite miserable.
The structures which LAVECO Ltd. offers its clients can provide an efficient solution in the face of such “intruders”. Naturally, in these cases the planning required is much more detailed and comprehensive, and it is advisable to include other professionals, such as accountants, lawyers and business consultants in the discussions.