10 Proven Wealth Protection Strategies to Secure Your Assets

Open an asset protection trust

You can set up an offshore trust in Nevis, Cook Islands, and other such places with strong legal statutes to protect your assets. Several states — including Nevada, Delaware, Alaska, South Dakota, and Rhode Island — also allow you to set up asset protection trusts. Offshore trusts, however, are generally considered a better option due to the added layer of protection they offer. Since foreign trustees do not come under the jurisdiction of local courts, your assets will remain safe irrespective of the legal problems you face in the country.