Interested parties have a way of finding the true owner for the right price. The information access on the Internet today is similar to an athlete on steroids. Anything you do is public knowledge.

However, the original owner and its present owner can legally be changed without having to go offshore. Legitimate repositioning of assets from you to an irrevocable trust is perfectly legal. The fact is, if your assets are owned by a subchapter S. Corporation or a Limited Liability Company and in turn the shares of the Sub S or membership units of the LLC are owned by an irrevocable trust, it’s the fortress of US Asset Protection.

Hide Your Assets with Irrevocable Trusts

How to hide your assets is as simple as the repositioning your assets through an irrevocable trust with a true independent trustee. The key to the transfer is the exchange of equal value in return for the asset, or the receipt of a fair market value for the asset transferred.

If you reposition your assets, you will no longer own them. If you don’t own assets, no one will want to sue you; no one will want to track you; no one will want to know your name. You don’t have to go offshore. US Laws, US courts will defend and support your asset protection system.

Give Up Control of Your Assets to an Independent Trustee

These laws have been defined by numerous court cases, over and over, right up to the Supreme Court. You must however, give-up control over your assets to a true independent trustee. Your asset protection system is enhanced when a Limited Liability Company further re-defines your asset protection system.

How the LLC Can Help Protect Your Assets?

The LLC is nothing new, but (until recently) states refused to legislate its existence. The LLC resembles the German GmbH the French SARL and the South American Limitada forms of doing business. The LLC allow small groups of individuals to enjoy limited personal liability while operating under partnership-type rules (rather than the complex rules that apply to corporate-type structures).

The LLC is recognized by the IRS as a “pass-through type” of disregarded tax entity. That is, the profits or losses of the LLC pass through the business and are reflected and taxed on the individual’ member’s tax returns of the owners, rather than being reported and taxed at a separate business level.

Other pass-through entities include general and limited partnerships, sole proprietorships and “S” corporations. The IRS now lets an LLC elect corporate tax treatment if it wants it (by filing IRS Form 8832, consult with your tax advisor).

About the Ultra Trust®:

• Part 1 - Estate Street Partners
• Part 2 - What is the Ultra Trust®?
• Part 3 - What is a Trust?
• Part 4 - Asset Protection Plan
• Part 5 - Asset Protection Eligible Assets
• Part 7 - What is Probate?
• Part 8 - What is Estate Tax?
• Part 9 - Medicaid Spend Down Rules
• Part 10 - What is the Ultra Trust®?
• Part 11 - Irrevocable Trust Benefits

Read more articles on irrevocable trust asset protection:

• Irrevocable Trust Benefits
• Ultra Trust® Irrevocable Trust
• What is the Irrevocable Trust?
• Irrevocable Trust Divorce
• Irrevocable Trust Agreement

To learn more about irrevocable trusts & senior elder care visit:

• Medicare: elder care
• Asset Protection from Medicaid
• Hide My Assets Medicare
• Protect Assets Nursing Home Costs
• Nursing Home Spend-down Program
• Medicaid Estate Planning

Learn more about how to hide your assets from Medicare:

• Hide My Assets from Medicare
• How the Rich Hide Their Assets
• Hide My Assets Medicare
• Asset Protection Trusts
• I'm Getting Sued-Hiding Assets
• Revocable Trusts vs. Irrevocable Trusts