The trust protects you
For as long as anyone can remember, the attitude to property has been among the most important issues in human society. The ability to own, use and dispose valuable property is at the heart of many human actions and behavior patterns.
Accumulation of assets by some people and the inaccessibility or limitation of this to others have caused many problems and their consequences, especially during the initial development of human civilization. With the development of the state and its institutions, assets have become more protected from attacks by other persons. However, at the same time it increased the risk of being confiscated by the state, a bank or more privileged members of society.
While significant progress has been made later in protecting the assets of dutiful owners, it is still possible to be the target of an attack on their property. That is why a whole branch of law, called ‘Asset Protection’, appeared.
The main method of asset protection is legal distancing from assets, that is, transferring them from a subject whose property risks are high to another entity. This person is a trust. In this approach, the owner of the property loses legal connection with the transferred assets, but retains a certain level of control over them.
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