DELOS TRUSTS

Trusts come in a wide variety and are used for many purposes. Some trusts keep assets private and out of the probate court. Others hold property for minors or incompetent adults. Others reduce or eliminate taxes. Trusts can also protect assets against litigation, creditors, divorce or other claims.

A trust is an easy legal concept to understand. Trusts are created by a settlor, grantor or trustor (the terms are interchangeable) who provides the funds or other property to be held in trust. As trust creator, the grantor also establishes the terms under which the donated assets shall be managed and eventually distributed.

The grantor names a trustee(s) in some cases this is the grantor and the beneficiaries who are to receive the benefit of the trust and eventually its assets. The grantor also may simultaneously be both the trustee and beneficiary. This is common with the popular living trust. However, this arrangement is not acceptable for asset protection trusts where the grantor must be neither the trustee nor sole beneficiary.

Trusts can also be classified living trust, for example, as implied by its name, is set up during the grantor's lifetime. It is often called an inter vivos trust. Trusts that become activated upon death are called testamentary trusts.

Trusts can also be classified as revocable or irrevocable. A revocable trust can be changed or revoked by the grantor. An irrevocable trust cannot. Trusts can also be domestic or U.S.-based or can be established in a foreign country, or Offshore.  For Privacy and confidentiality most should carefully consider the Offshore Trust.

You must judgment-proof yourself before trouble strikes. Courts can unwind last-minute transfers that defraud existing creditors or spouses. Asset protection should occur before serious problems arise. But first you must anticipate financial trouble and accept your vulnerability. Only then will you take asset protection seriously.

Most people quickly seek asset protection only when prompted by a lawsuit or other temporary crisis. And the perceived need for asset protection usually vanishes with the threat. Most procrastinators eventually get hit with a financial disaster that never vanishes as easily as does their hard-earned wealth and with the state of the world today it is more critical than ever to protect your assets.

Contact DELOS now to protect your wealth before it’s too late because proper planning now will avoid costly problems in the future that you can’t afford.  The cost to prevent problems is much less than the cost to resolve the problems later.

1.  Good planning is essential to a sound asset protection plan.

2.  You must start with the reality that you can at any time face a wealth-robbing crisis from any direction. Without an asset protection plan you are vulnerable.

3. Asset protection is legal and ethical financial self-defense using structures and strategies approved for that purpose by our legal system.

4.  Asset protection planning requires you to involve family members and other trusted individuals who will play a role in or be affected by your plan.

5. Prioritize your financial objectives so your plan properly integrates tax, estate planning and investment goals.

6. Make asset protection a lifelong commitment. It is too easy to relax your protection once a danger passes and that only makes you vulnerable once again. 

7. You need asset protection professionals to design your best plan. That means involving your tax advisor and financial planner as well as an attorney who specializes in this field.  Delos is directed by international attorneys that specialize in Asset Protection and the Delos legal staff can create the perfect structure for any situation but you must act now!

8. Make certain that you protect all your assets and not only the most obvious ones.

9.   Keep a low profile. Good planning includes learning how not to attract the wrong kind of attention.

10. Protect yourself before it's too late. The time to protect assets is before you have creditors.

The two words “ACT NOW” are the two most important in asset protection.  Contact Delos and “ACT NOW”; you can’t afford not to.

DELOS IV LIMITADA

Republic of Costa Rica