International Asset Protection Trust (IAPT)
Collapsing Bridge Trust
Benefits to You:
A “Collapsing Bridge” Trust may be a prudent
technique if you:
- Want unassailable Asset Protection
- Want financial privacy
- Want complete control over your assets
- Are concerned that lawsuits or creditors will attempt to seize your assets
Quick Description:
A “Collapsing
Bridge” Trust is comprised of an IAPT (herein the Protector, but could also be the Low Profiler) plus a Domestic Family Limited Partnership (in some circumstances a domestic or offshore LLC will be used instead). It
is recommended for those who want to maintain maximum control
over their assets. When a creditor looms or a lawsuit occurs, the “bridge” between
the domestic entity and the international entity is “broken”.
Features:
A “Collapsing Bridge” Trust has a:
Read Enough?
Call 1.800.800.9191
to schedule your Free Consultation!
Our Techniques:
- We create a Domestic Family Limited Partnership (FLP)
- The IAPT owns 98 percent of the FLP's Limited Partnership interests AND voting rights if the question concerns dissolving the FLP.
- Until concern arises, no (or few) assets are
in the IAPT. Your assets
are all in the FLP and totally
subject to your control as the General Partner. The IAFP holds Partnership interests and perhaps $7,500
- If concern arises, the Trust
can vote to dissolve the FLP and
98 percent of the assets in the FLP go to the IAPT and are now located internationally
and controlled by the IAPT.
- As General Partner of the FLP you maintained absolute control over the assets of the FLP, until a lawsuit or creditor
arises. After that you maintain indirect control through your chosen Trust Protector.
How the “Collapsing Bridge” works:
- If an Event of Duress occurs (e.g. a lawsuit or creditor), the
Foreign Trustee (controlling 98% of the FLP) votes his limited partnership interests
to dissolve the FLP. Unless the Protector negates his decision, the FLP is dissolved.
- 98% of the FLP's assets move to the Trust. You as the General Partner take no action-because you can't, a 98% majority vote causes dissolution of the FLP.
- The FLP's assets are
then transferred to the Trust, and beyond
the power of your creditor or divorcing spouse to attach it's assets. The “bridge” between
the two entities has been collapsed.
Our Services:
We:
- Create the Collapsing Bridge Trust in an Offshore Jurisdiction
- Create the FLP in one of several states
- Appointed you the General Partner (the partner that controls all decisions) of the FLP
- We draft the clauses into your IAFP and FLP which control how the Bridge collapses
- Assist you with moving certain assets directly to your Trust and others to your FLP
- Move Your FLP's limited interests to the Trust
- Hire a Foreign Trustee
- Send a letter to your accountant re IRS FORMS 3520 and 3520A and new Treasury reporting form that needs to be filed.
Additionally, We:
- Complete all Paperwork
- File all Documents
- Draft specialized clauses into your IAPT and FLP permitting the bridge to collapse
- Obtain a Taxpayer ID Number with IRS for your FLP
- Obtain the Certificate of Filing for your FLP
- Document the Appointment and Acceptance of the Foreign Trustee
- Assist you with your Trustee's required Due Diligence Documentation
- Create the Appointment and Acceptance of Protector documentation
- Obtain for you the Trust's Certificate of Filing
Trustee Fees: You pay annually all fees of the trust company you select.
Government fees: You pay annually fees of the jurisdiction you select.
State Fees: You pay annually the fees of the State you select.
The Cost:
Initial Set-Up:
Please call to discuss your situation.
Prices start as low as $12,500 for the Collapsing Bridge Technique
With our Free Consultation you have nothing to lose .
Don't delay and become a lawsuit or creditor victim!
Call us at: (800) 800-9191).
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