Bitcoin Asset Protection
Bitcoin and other cryptocurrencies are growing in popularity, and many countries are starting to regulate their use. Still, Bitcoin remains largely unregulated in the United States. While that’s not necessarily a bad thing, it means the laws may not be perfect and justice may not be what you expect. What will happen to your Bitcoin if you owe taxes, find yourself on the losing end of a lawsuit, or get into financial trouble? The answers to these questions are potentially very scary. Fortunately, with proper cryptocurrency asset protection there is no need to fear them.
Taking Steps
Protection Plan
Bitcoin is one of the hottest new investments. A handful of early adopters have reaped big profits. But any asset that has value attracts the attention of creditors and lawsuits. Bitcoin is no different. If you don’t have the right asset protection plan, the government or creditors can seize your bitcoin. You must take steps now to protect your bitcoin from creditors and judgments.
Domestic Assets
Domestic Asset Protection
The best legal strategies utilize the strongest laws in the US that require your creditors to file a lawsuit in a jurisdiction that is not friendly to creditors. The goal is to protect your crypto assets from your personal liabilities. To do this, you must legally move your assets to the strongest jurisdiction using a domestic asset protection trust. You don’t have to physically reside in that state, but there are specific requirements for a domestic asset trust. We guide you through this process.
A domestic asset protection trust is one of the most powerful legal tools you can use to protect your crypto assets from your own liabilities. This trust is a legal entity that can hold assets, own property, and pay you distributions. This trust offers important protections against all creditors. This trust allows you to retain control over your crypto assets, but creditors cannot reach them directly. Let us help you keep your crypto assets confidential, within your control, and outside the reach of any creditor.