Asset protection involves using certain laws to protect your assets from claims of future creditors. As long as you answer the questions correctly at the bottom of your Schedule B of the Form 1040 - you will be OK. Check with your tax attorney or the Asset Protection Service to be sure you are in full compliance with the Department of Treasury.
To learn more about offshore asset protection services, click on the heading of this post and scroll down towards the bottom of the page. There is a short summary and a link for a well known International Asset Protection service, which is used by many US citizens who are living offshore.
http://forgottosaveforretirement.com/
Blog Flux
About Me
- YouTube Channel
- I am a telecommunications engineer by trade, graduated DeVry - Chicago Campus, and worked WNUS-Chicago, KPIX San Francisco, Hewlett Packard and United Airlines - SFO. Born and raised in the San Francisco Bay Area. Lived in Europe, Africa for a short time, Mexico and South America. Early Childhood Education was my second career and my most rewarding. From vocational instructor at the college level to my own private preschool and kindergarten, this is the career that touched my heart. And now, even though I am retired and traveling the world, I still find the need to provide value for young children around the globe. I am the author of Travel the World on Social Security and several short fictional reads in the Kindle Store. My favorite Kindle eBooks are the series of educational books for kids ages 3 to 9 years of age. I have included each of the topics necessary for a young child to do well in Kindergarten. My eBooks are best viewed on a large-screen TV. The pages come to life, and children enjoy the enormous size of viewing their eBook on the big screen.