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PROTECTINGS ASSETS DURING CHAOS

Life is what happens while you’re busy making other plans.” (John Lennon)

 

There are two main financial battles in life: the first is creating wealth, and the second is keeping it. Many have learned the hard way that the second battle can be more difficult than the first.

Asset protection is first about excepting the probability that eventually your hard-earned assets will come under attack; and then, taking steps to protect those assets. Asset protection is like building a home: You start with a solid foundation to weather future storms.

In this newsletter we take an unusual approach and look at asset protection from a quantum perspective.

The Chaotic Quantum Called Living

First, consider how seemingly random events occur with probability.

Sometimes it seems the more you attempt to bring order to life or finances, the more it becomes disordered. Or, the more you look for certainty, the more it appears to be filled with random, unplanned events.

Random events can and do appear in many forms, including investments gone wrong, business failures, unexpected law suits, death, divorce, and in many other unexpected ways. Life is uncertain, but the happening of these events act with a certain probability.

The above famous saying by John Lennon reflects the reality of life. Many of us would like to have a good ride, enjoy the moment, and be in control of the future. Lennon never said we shouldn’t make plans, but only that the true experience of being alive is beyond those plans, and that stuff happens to all of us. How ironic the random, unexpected event that ended John’s life.

That’s why those that understand that unexpected events will occur take steps in advance to manage, minimize or eliminate risks. Asset protection and risk management are but two examples of protecting a lifetime of hard work.

Events in life do not form an orderly or organized queue, like the Swiss. Instead, events crowd around in a chaotic fashion, like the Italians. 

By comparison, quantum mechanics is the study of the small details of the world that act randomly, but with probability to occur, yet are interconnected. Unlike the grand cosmos that is said to be relatively orderly, the quantum world is filled with random events that react and occur in a chaotic manner. The unsettled paradox is that the cosmos is made up of the quantum world, which means that the seemingly orderly big picture consists of random, small events that are interconnected and hold it together. 

A lot of things in our lives behave like quantum mechanics. We continually live through this dynamic process of random changes.

If you’re like most individuals, whether on the road to success, or having arrived, you understand the logic in creating a big picture and orderly planning. And you’ve hopefully discovered the importance of being flexible for the unexpected small, random events to mitigate your risks. But without advance planning to protect your assets, you’re left playing the random lottery of life.

And even with the best plans made, things can and do go haywire when you least expect it. The real risk is not recognizing that these random events can and will occur with certain probability.

Investments go south, partnerships falter, businesses go bankrupt, patients or employees become disgruntled, litigation - and legal fees – overwhelm, social and political changes can make little sense, and divorce, death, and so many other events seem to randomly appear just when they shouldn’t.

We understand the world by studying change. Our error lies in failing to understand the world as a series of events that change – our downfall is in ignoring these changes.

Remember, ‘stuff happens’.

Imagine, from the fresh perspective of an astronaut from afar, how the planet earth is viewed as a blue and white, peaceful and tranquil place. Yet up close, like the quantum world of physics, the planet is filled with agitation and random interacting chaotic events that often become interconnected.

This is the reality of the world we live in. Like the Swiss, we try to maintain order. But up close, like the Italians, we live in chaos.

For these reasons, asset protection and risk management are essential to preserve assets.

Does history tell us anything about the future?

In the 1930s, after experiencing historic economic prosperity, world trade started to collapse. At first trade wars and protectionism bumped up the local economy, jobs, and finances.  But eventually wealth evaporated and the banking system was almost broken. Companies slashed production, pay and prices. What unexpectedly followed was the worse depression with 25 percent unemployment. Worse yet, many millions were led to their death in the name of fighting for nationalism.

Yes, the recent GFC was tough for many individuals, but unfortunately may only be a harbinger of what is yet to arrive. Most today have never lived nor learned the most difficult past lessons from the deepest economic collapse and the changes that followed.  

History tells us that new laws, regulations and protectionism restricting the free economy and the movement of people and money were certain to follow the GFC. And they did. Short term they too may appear to work. But history shows how devastating they become long term.

What’s also true is that more laws and tougher regulations will make the free movement of people and money more cumbersome – border controls and Exit Taxes are already in place - but it will not stop those with a different view of their place in the world.

No one knows for certain what will occur next. The only certainty is the high probability of more uncertain, random changes to come. 

But for those willing to take steps today to protect their hard-earned assets, there is greater certainty they will survive.

Technology and international planning provide us as individuals enormous power to live, invest, and diversify assets where and how we choose that politicians cannot undue. History has shown that those prepared today to think and act internationally - and use asset protection planning tools - will certainly come out much better than those who don’t. That’s a fact you can rely upon.

If you look around, the world is struggling with holding together a world order forged at Bretton Woods following World War II. Today, a new world order and banking system is being formed without the U.S., and in place of the US$. Long term allies are increasingly isolated from the U.S., old villains are suddenly good guys, and new villains are created to threaten your world. The U.S. once fostered the global order that brought mostly peace and economic opportunities for the past seventy-five years, yet now is unwinding almost overnight.   

The happening of unexpected, random events occurring with probability is alive and well in our larger world of politics, economics, social order, and financial markets.

Bring Some Certainty into Your World

Are you thinking for yourself? Or are you following the crowd? Do you understand howinternational planning and International Trusts can benefit you and your family?

There are approximately 100 complimentary past articles at our website that provide basic principles and tips to protecting your assets. Look closer at what international planning means. How to protect assets in a changing world. Learn more about offshore risk management, whether offshore is legal, and much more.

Asset protection planning - whether at home or abroad - provides a superior alternative for protecting a lifetime of achievement. An International Trust and a Standby International Trust © are two excellent examples for managing assets, global protection, and asset diversification.

As a former litigation attorney and judge, I’ve witnessed how fortunes were quickly won and lost in courtrooms. Asset protection designed and implemented with an eye towards future challenges – including litigation - is essential.

For some individuals it’s all about asset protection, wealth preservation and estate planning. For others: retirement. For many: opening doors to international investing, foreign currencies, offshore banking, or global diversification. And for some it’s about keeping open the option for offshore living & investing, full or part-time.

For a select few, it’s about leaving America’s burdens behind. Or becoming a sovereign individual, as found here and here.

Integrated planning is an important component of the planning process to combine estate planning and protecting assets. Minimizing estate taxes, providing for surviving spouse or children, keeping assets from a re-marriage - or second marriage children - are a few of the objectives when integrating estate planning into a structure.

The freedom to choose can be found without leaving home by combining domestic and offshore planning. Learn how to reopen the door to greater opportunities with asset protection.

Your world will continue to change in unexpected, and seemly random ways. Yet, there are ways to retain some certainty and control over your assets in a random, chaotic world.

Start Now.

There are more International Trust and Standby International Trust© tips found at our siteDavidTanzer.com.

The book How to Legally Protect Your Assets, 2nd edition, explains how you can use an International Trust to accomplish your objectives. And information on the Standby International Trust© can be found right here.

Offshore Living & Investing, 2nd edition, takes offshore planning to another level.

Both books are available at reduced prices right here at our web site in quality soft cover, pdf, or Kindle.

If you’d like to learn more and discuss your planning objectives in a confidential initial review, contact me here.

Until next time …

David

 
David A Tanzer, Esq.
JD, BSc, Ph.D (Hon)
 
For more information visit www.DavidTanzer.com or email to Datlegal@aol.com. David is the author of “How to Legally Protect Your Assets” and “Offshore Living and Investing.”

David A Tanzer & Assoc., PC.
Datlegal@aol.com
DAT@DavidTanzer.com
www.DavidTanzer.com

Vail, CO USA:
Tel. (970) 476-6100
Fax (720) 293-2272

Auckland, New Zealand:
Tel. (64) 9 353-1328
Fax (64) 9 353-1328

Brisbane, Australia:
Tel. (61) 7 3319 6999
Fax (61) 7 3319 6999

(Licensed to Practice Law in U.S. States & Federal Courts;
Assoc. Member Auckland, N.Z. District Law Society - Foreign Lawyer; &
Assoc. Member Queensland Law Society, AU - Foreign Lawyer)
 
The comments herein are not intended to constitute a legal or tax opinion regarding any specific legal or tax issue as additional issues may exist; does not reach a conclusion with respect to any specific legal or tax issue addressed herein or any additional issues not included; and cannot be used for the purpose of avoiding legal or tax obligations or penalties with respect to issues in or outside the scope of matters discussed herein.
 
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