The safest way to protect your assets from sue-happy patients, other litigants, the IRS, even divorce is offshore banking. Every question is answered, every strategy revealed as America's #1 asset protection expert shows you how the offshore WealthSaver Trust can help you.
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Most Helpful Customer Reviews
31 of 35 people found the following review helpful:
5.0 out of 5 stars
Why Go Offshore?,
By A Customer
This review is from: How to Protect Your Money Offshore (Paperback)
Many Americans wonder why anyone would want to take their money offshore. Some might reason that with news of the Dow rising to record levels, inflation being tamed, the unemployment rate standing at its lowest level in six years and the federal deficit being down sharply, that there is no real reason to go offshore. In spite of all the national good news, there are many legitimate reasons for moving money offshore. In a nutshell, all these reasons are based on the fact that offshore rules are different from domestic ones. Since the French Revolution, the wealthy have moved money offshore to safeguard their assets, to make a decent return, and to avoid paying taxes on their gains. There are currently some 218 jurisdictions that offer these and other special incentives to foreign investors, and many are among the best places on Earth to vacation. For example, the Caymans, three lush islands 475 miles from Miami, do not levy taxes on personal or corporate income, capital gains or your overall wealth. On top of that, the islands' financial-privacy laws can protect your assets from creditors and people who might sue you. It is indeed no wonder why the main street of this tropical paradise is lined with branches of banks from New York City, Amsterdam and Geneva. The US government frowns on you relocating your money offshore. If everyone could invest abroad and in secrecy and never pay a dime in taxes the federal government would go broke even faster than it already is doing. It is in no way illegal to take your money offshore, even though the government has done its part to try to persuade you to not do so. Although several reporting requirements have been instituted by the government for those who do go offshore, several excellent strategies have been developed to minimize or eliminate them, and for that matter to also minimize any tax effects that such a move might entail. Furthermore, US citizens are generally required to report income from offshore investments and to pay taxes on this income. Once again, numerous strategies have been developed to eliminate these reporting requirements so that the government will not tax your earnings at a higher rate than if your money had never left home. It is important to understand that this excessive taxation is the government's way to discourage citizens from moving funds offshore because when you move your money offshore, the government loses control. Some strategies include elements such as chartering your own foreign bank, insurance company, corporation, or establishing a foundation or trust. An offshore corporation, bank, or insurance company is as much a legal entity as you are.
12 of 12 people found the following review helpful:
1.0 out of 5 stars
Waste of time and money,
By A Customer
This review is from: How to Protect Your Money Offshore (Paperback)
This book provides the reader with no information on offshore accounts. Neither does it give any information in regards to privacy, structuring etc... It is merely an attempt by the author to advertise his own scam. I would highly recommend and urge at the same time that you do not waste your time or money on this useless garbage. What a waste of valuable paper.
15 of 16 people found the following review helpful:
1.0 out of 5 stars
Question marks over Goldstein recommendations,
By A Customer
This review is from: How to Protect Your Money Offshore (Paperback)
In this book, Goldstein recommends three financial services providers with checkered histories.1. Global Assets Advisors, owned by International Assets Holding Corp. which, on Jan. 16, 1998, lost a National Association of Securities Dealers arbitration and was ordered to pay $99,845 to a client and $100,000 in legal fees; in 1997 the company had to pay out $146,000 to settle client disputes and there are additional arbitration and litigation matters pending relating to client disputes 2. Goldstein recommends Security Traders International, which was struck off the companies registers in both Florida and the Bahamas in 1997. He also recommends a web-site that heavily promotes his own work 3. He recommends Bermuda-based Lines Overseas Management and, in particular, LOM salesman Scott Oliver, who was caught out in 1998 lying to clients about his qualifications and about the secrecy offered by LOM accounts. Clearly, the above seriously calls into question Goldstein's judgment and possibility his impartiality. Posted by David Marchant, Publisher of Offshore Alert
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