Offshore asset protection planning often gets a bad rap from domestic practitioners, but the new article from the law firm of Donlevy-Rosen & Rosen puts certain oft-cited misconceptions to rest.
Namely, the article analyzes the recent Marciano case where a debtor was incarcerated for contempt. A reader who skims any other article on the Marciano case may be persuaded that Mr. Marciano’s incarceration was related to his attempt to protect his assets. The truth behind the contempt order reveals a very different story – that of a man who lied about assets, hid items in his possession, and deliberately disobeyed court orders when he had the ability to comply.
An impartial reading of the case reveals even more reasons for effective asset protection planning prior to a claim arising. The lesson learned from the case and the article is that properly structured asset protection planning can be effective when implemented in advance of a claim.
Link to article: http://goo.gl/EYkmI
Full text of case: http://goo.gl/bwbRu
Practitioners and consumers seeking a way to effectively protect assets should contact the law offices of Donlevy-Rosen & Rosen, P.A. at (888) 412-8844 to schedule a consultation.
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