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Other Added - Wealth Management, Wealth Protection, and Tax Planning
Whether you call it website promotion or search engine optimization or even internet marketing, it's still important to 'court the what, don't marry the how'.What do I mean by that?Basically, that expression means to be concerned about *what* you are trying to achieve -- more visitors to your website, say -- rather than *how* you want to achieve it -- a high ranking on Google.For example, here are three websites that *can* help you promote your website and thus help you promote your business, online:1) YouTube 2) Digg.com 3) Del.icio.usThe above sites are known as social networking sites or social bookmarking sites or even social media sites. Whatever they are known as, the most important thing about these types of sites (and these three sites in particular) is that they are some of the most visited websites in the world.Notice I haven't mentioned Google, until now that is: 4) Google Video.I could also include: MySpace, Technorati, Bloglines etc.With the arrival of these social media sites, the website promotion game has change
►Offshore Planning
Offshore business structures and offshore estate planning structures, including offshore trusts and offshore insurance policies can often offer an excellent solution to asset protection problems. Variable life insurance policies and variable annuity contracts which are compliant with U.S. tax laws, offer a wider range of investment opportunities, and are often available at lower costs than comparable U.S. policies for policies with total aggregate premiums of over $100,000.
Be careful in choosing an Offshore Planning and Asset Protection Planning Consultant.
A Web search will reveal hundreds of offshore service provide
First and foremost, you must submit your articles to the top article directories. The top two, in my opinion, are EzineArticles.com and GoArticles.com. The reason that this is so important is because many e-zine and web site owners turn to the best when searching for articles to publish. They know that these sites have strict guidelines and that the articles in their databases have been reviewed and are ready to publish.Next, and not necessarily any less important, you really need to go out and find popular sites in your niche. If you notice that a popular site publishes articles written by others and they include the authors’ by-lines, then you should be e-mailing them. In the e-mail be sure to provide a link to some of your work. This link could be to your author bio from one of the big article sites that shows a list of all of your articles or it could be your own site.Just by sending out an e-mail, you are showing that Webmaster that you have initiative and that you are determined. If your articles look good, in most cases, they will tell you that they would be happy to publish your a
"I live in Alexandria Virginia. Near the Supreme Court Chambers is a toll bridge across the Potomac. When in a rush, I pay the dollar toll and get home early. However, I usually drive outside the downtown section of the city and cross the Potomac on a free bridge. This bridge was placed outside the downtown Washington, DC area to serve a useful social service, getting drivers to drive the extra mile and to help alleviate congestion during the rush hour.
If I went over the toll bridge and through the barrier without paying the toll, I would be committing tax evasion. If, however, I drive the extra mile and drive outside the city of Washington to the free bridge, I am using a legitimate, logical, and suitable method of tax avoidance, and I am performing a useful social service by doing so.
For my tax evasion, I should be punished. For my tax avoidance, I should be commended. The tragedy of life today is that so few people know that the free bridge even exists."
Our progressive tax system in the United States facilitates the redistribution of wealth from the more fortunate to the less fortunate. Now, the U.S. judicial system is also being used to redistribute wealth through litigation. Entrepreneurs, business owners, retirees and others who have accumulated any significant amount of wealth are often financially devastated by the U.S. judicial system.
With that in mind, it is easy to see why even a person of average wealth with assets at risk would benefit from implementing a wealth management plan to protect assets from the claims - especially the frivolous claims - of unknown future judgment creditors. Among many other exceptions to liability insurance coverage, most insurance policies do not cover punitive damages or employment-related claims.
Insurance against the most common source of judgments and settlements over $1 million, automobile accidents, is only very rarely maintained at the level necessary to cover such claims. In fact, it may be prohibitively expensive or impossible to insure at such a high level of coverage. While insurance is the first line of defense against legal claims for damages, it is impossible to insure against many sources of significant potential liability.
It is essential to implement an asset protection plan integrated with your estate plan. Your asset protection plan will greatly enhance your estate plan by providing additional assurance that you and your family will be able to reap the fruits of your labor, and often, by providing the means to make gifts of interests in protected assets to family members - gifts which are protected from your unknown future creditors and from all of the creditors of your family members. Simply put, the objective of legitimate offshore asset protection planning is to avoid litigation altogether by using a structure involving the prudent use of professional advice and foreign law; it is not intended to protect dishonest or incompetent persons from creditors. Legitimate tax-neutral, flexible offshore asset protection and investment vehicle are available.
International variable life insurance and international variable annuities with reputable companies in secure offshore jurisdictions can be attractive investment vehicles. In addition to being well protected, because they have different commission structures they are not subject to certain U.S. taxes, offshore life insurance policies and annuities can be significantly less expensive than comparable products offered in the United States.
►What Asset Protection Planning Is Not
Asset protection planning and proper tax planning do not involve tax evasion or anti-IRS theories. All solid well designed asset protection planning is done with full IRS compliance and disclosure.
Asset protection advice is not "cookie-cutter" planning. Avoid cheap asset protection "kits" promoted by dozens of providers via seminars or the Internet. Good asset protection advice is formulated on a case-by-case basis. Neither does legitimate asset protection planning does not involve hiding money offshore and using offshore credit card accounts. While it is a bit more difficult to track protected assets offshore than in the U.S., if you rely mainly on offshore secrecy to protect assets, you will likely soon find you and your assets parted.
►Offshore Planning
Offshore business structures and offshore estate planning structures, including offshore trusts and offshore insurance policies can often offer an excellent solution to asset protection problems. Variable life insurance policies and variable annuity contracts which are compliant with U.S. tax laws, offer a wider range of investment opportunities, and are often available at lower costs than comparable U.S. policies for policies with total aggregate premiums of over $100,000.
Be careful in choosing an Offshore Planning and Asset Protection Planning Consultant.
A Web search will reveal hundreds of offshore service provider
Deciding whether or not to open a business is far from easy. It takes courage, initiative, determination and creativity as well as the appropriate opportunity and suitable financing. Unfortunately, is not enough just to make the decision. New businesses require a tremendous amount of effort while new business owners must have certain qualities or at least acknowledge the need to have them and start working of developing them.From my own personal experience I have come to realize that there are seven milestones on the way to becoming a successful business owner:1. Education To succeed in business requires training and discipline. However, the main and most important asset you can possess is knowledge. Learning must encompass both theory, such as reading books and participating in lectures and courses and practical experience in sales or customer service.2. Commitment Finding the right opportunity and then taking on a good idea requires making a commitment to it. Many people do not trust themselves and the judgments and decisions they make. The best business owners however, have fu
Our progressive tax system in the United States facilitates the redistribution of wealth from the more fortunate to the less fortunate. Now, the U.S. judicial system is also being used to redistribute wealth through litigation. Entrepreneurs, business owners, retirees and others who have accumulated any significant amount of wealth are often financially devastated by the U.S. judicial system.
With that in mind, it is easy to see why even a person of average wealth with assets at risk would benefit from implementing a wealth management plan to protect assets from the claims - especially the frivolous claims - of unknown future judgment creditors. Among many other exceptions to liability insurance coverage, most insurance policies do not cover punitive damages or employment-related claims.
Insurance against the most common source of judgments and settlements over $1 million, automobile accidents, is only very rarely maintained at the level necessary to cover such claims. In fact, it may be prohibitively expensive or impossible to insure at such a high level of coverage. While insurance is the first line of defense against legal claims for damages, it is impossible to insure against many sources of significant potential liability.
It is essential to implement an asset protection plan integrated with your estate plan. Your asset protection plan will greatly enhance your estate plan by providing additional assurance that you and your family will be able to reap the fruits of your labor, and often, by providing the means to make gifts of interests in protected assets to family members - gifts which are protected from your unknown future creditors and from all of the creditors of your family members. Simply put, the objective of legitimate offshore asset protection planning is to avoid litigation altogether by using a structure involving the prudent use of professional advice and foreign law; it is not intended to protect dishonest or incompetent persons from creditors. Legitimate tax-neutral, flexible offshore asset protection and investment vehicle are available.
International variable life insurance and international variable annuities with reputable companies in secure offshore jurisdictions can be attractive investment vehicles. In addition to being well protected, because they have different commission structures they are not subject to certain U.S. taxes, offshore life insurance policies and annuities can be significantly less expensive than comparable products offered in the United States.
►What Asset Protection Planning Is Not
Asset protection planning and proper tax planning do not involve tax evasion or anti-IRS theories. All solid well designed asset protection planning is done with full IRS compliance and disclosure.
Asset protection advice is not "cookie-cutter" planning. Avoid cheap asset protection "kits" promoted by dozens of providers via seminars or the Internet. Good asset protection advice is formulated on a case-by-case basis. Neither does legitimate asset protection planning does not involve hiding money offshore and using offshore credit card accounts. While it is a bit more difficult to track protected assets offshore than in the U.S., if you rely mainly on offshore secrecy to protect assets, you will likely soon find you and your assets parted.
►Offshore Planning
Offshore business structures and offshore estate planning structures, including offshore trusts and offshore insurance policies can often offer an excellent solution to asset protection problems. Variable life insurance policies and variable annuity contracts which are compliant with U.S. tax laws, offer a wider range of investment opportunities, and are often available at lower costs than comparable U.S. policies for policies with total aggregate premiums of over $100,000.
Be careful in choosing an Offshore Planning and Asset Protection Planning Consultant.
A Web search will reveal hundreds of offshore service provide
Millions of consumers across the globe are searching for a way out of debt. Credit card bills, loans, and other unsecured debts have left many people unable to meet their monthly expenses. If you have found yourself in this position, don't feel alone. High interest rates and late charges can make paying down your credit card balances nearly impossible. Debt consolidation companies can help you pay off your debts and restore your credit rating.Debt consolidation is not a loan. Debt consolidation companies can help you lower your monthly bills and allow you to pay off credit card bills and other loans that may have fallen behind due to outrageous interest rates and fees. A debt consolidation company will contact each of your creditors and help you to lower your current interest rates and monthly payments. Generally speaking, the debt consolidation company contacts each your creditors to make arrangements in regard to your account. The debt consolidation company will then inform you of the new interest rates and fees the creditor has agreed to accept. You will make one monthly payment to the debt c
It is essential to implement an asset protection plan integrated with your estate plan. Your asset protection plan will greatly enhance your estate plan by providing additional assurance that you and your family will be able to reap the fruits of your labor, and often, by providing the means to make gifts of interests in protected assets to family members - gifts which are protected from your unknown future creditors and from all of the creditors of your family members. Simply put, the objective of legitimate offshore asset protection planning is to avoid litigation altogether by using a structure involving the prudent use of professional advice and foreign law; it is not intended to protect dishonest or incompetent persons from creditors. Legitimate tax-neutral, flexible offshore asset protection and investment vehicle are available.
International variable life insurance and international variable annuities with reputable companies in secure offshore jurisdictions can be attractive investment vehicles. In addition to being well protected, because they have different commission structures they are not subject to certain U.S. taxes, offshore life insurance policies and annuities can be significantly less expensive than comparable products offered in the United States.
►What Asset Protection Planning Is Not
Asset protection planning and proper tax planning do not involve tax evasion or anti-IRS theories. All solid well designed asset protection planning is done with full IRS compliance and disclosure.
Asset protection advice is not "cookie-cutter" planning. Avoid cheap asset protection "kits" promoted by dozens of providers via seminars or the Internet. Good asset protection advice is formulated on a case-by-case basis. Neither does legitimate asset protection planning does not involve hiding money offshore and using offshore credit card accounts. While it is a bit more difficult to track protected assets offshore than in the U.S., if you rely mainly on offshore secrecy to protect assets, you will likely soon find you and your assets parted.
►Offshore Planning
Offshore business structures and offshore estate planning structures, including offshore trusts and offshore insurance policies can often offer an excellent solution to asset protection problems. Variable life insurance policies and variable annuity contracts which are compliant with U.S. tax laws, offer a wider range of investment opportunities, and are often available at lower costs than comparable U.S. policies for policies with total aggregate premiums of over $100,000.
Be careful in choosing an Offshore Planning and Asset Protection Planning Consultant.
A Web search will reveal hundreds of offshore service provide
There are some people who begin work not as a permanent employee but rather as a temp. Whatever the case may be, being a temp does not end at just a temporary position, but can lead to a permanent position so long as the time and effort into the job is put forth and noticeable. Here are a couple of tips to help transition from a temporary position to a permanent position.Many people today go through job or temp agencies to find work. Some treat it as just a temp position while others treat it as a stepping stone to become a permanent employee. In either case, as an employee of the company, one should put forth 100% to their work. Some temporary workers treat their jobs differently as if their work would be different if they were permanent employees at their place of business. If you want to land a permanent position at that company, you should not take the work lightly. Treat it as if you were a permanent employee and work to your highest potential. Having people notice your work is important, especially if you want to transition from temporary to permanent. Make sure that the quality of your wo
International variable life insurance and international variable annuities with reputable companies in secure offshore jurisdictions can be attractive investment vehicles. In addition to being well protected, because they have different commission structures they are not subject to certain U.S. taxes, offshore life insurance policies and annuities can be significantly less expensive than comparable products offered in the United States.
►What Asset Protection Planning Is Not
Asset protection planning and proper tax planning do not involve tax evasion or anti-IRS theories. All solid well designed asset protection planning is done with full IRS compliance and disclosure.
Asset protection advice is not "cookie-cutter" planning. Avoid cheap asset protection "kits" promoted by dozens of providers via seminars or the Internet. Good asset protection advice is formulated on a case-by-case basis. Neither does legitimate asset protection planning does not involve hiding money offshore and using offshore credit card accounts. While it is a bit more difficult to track protected assets offshore than in the U.S., if you rely mainly on offshore secrecy to protect assets, you will likely soon find you and your assets parted.
►Offshore Planning
Offshore business structures and offshore estate planning structures, including offshore trusts and offshore insurance policies can often offer an excellent solution to asset protection problems. Variable life insurance policies and variable annuity contracts which are compliant with U.S. tax laws, offer a wider range of investment opportunities, and are often available at lower costs than comparable U.S. policies for policies with total aggregate premiums of over $100,000.
Be careful in choosing an Offshore Planning and Asset Protection Planning Consultant.
A Web search will reveal hundreds of offshore service provide
There was an English tea merchant selling tea packs in his town during the year 1660 A.D. He used to get a bag of tea from one estate or the other and make small packs and sell them to the people in his area. People were buying from him, but used to make remarks on the quality of the tea he supplied. THE GOODNESS OF TEAS! It had become quite customary to hear comments of his customers about his tea. They said, “The tea was good last time, but it is different now”. When the color was good, the taste was not so. Again, when the taste was good, the tea color was very low. The flavor was not always the same.When ever he buys a new tea bag and distributes it in small packs, the customers’ comments were also changed. This is because the teas grown in different estates differ in their characters. The tea characters change from grade to grade, season to season, process to process and even time to time. Man could be a silent listener of all these things and cannot control. The merchant was not able to find out a way to escape from the unsatisfied customers’ remarks.<
►Offshore Planning
Offshore business structures and offshore estate planning structures, including offshore trusts and offshore insurance policies can often offer an excellent solution to asset protection problems. Variable life insurance policies and variable annuity contracts which are compliant with U.S. tax laws, offer a wider range of investment opportunities, and are often available at lower costs than comparable U.S. policies for policies with total aggregate premiums of over $100,000.
Be careful in choosing an Offshore Planning and Asset Protection Planning Consultant.
A Web search will reveal hundreds of offshore service providers offering various offshore tax planning and asset protection schemes, as well as company formation services. How do you choose one out of all of these?
First, look for a consultant with extensive tax experience who can provide competent and comprehensive U.S. tax advice. Most reputable offshore service providers specifically disclaim the U.S. tax consequences of their structures and suggest that you seek the advice of U.S. tax counsel. Less reputable offshore service providers will claim that their plans are set up in jurisdictions where there are no income taxes, no capital gains taxes and no death taxes. While true - for that jurisdiction - the U.S. tax consequences are entirely different.
There is no simple way to avoid taxes offshore that cannot be done onshore. There are sophisticated means that work for legitimate businesses, but there are not "offshore only" ways for the average investor, holding marketable securities and acting alone, to avoid income taxes on investment income. The most predatory offshore service providers will simply lie and tell you that for whatever reason, there are no U.S. taxes due on their preferred type of offshore vehicle ("you don't own the company - you're just the manager;" "you don't owe taxes on offshore trust income;" "the Panamanian foundation is a separate legal entity without any owners, so you don't pay taxes on its income," etc.). Bad tax advice can have grave consequences. Willful tax evasion and willful failure to file required information returns are, of course, serious crimes that can and do result in massive fines and imprisonment. Even worse, for some, may be the fact that relying on the tax advice of an incompetent advisor may not even keep you out of serious trouble - at best, it can result in the imposition of hundreds of thousands of dollars or more in fines and interest, and at worst, fines and imprisonment.
The hiring of a lawyer is an important decision that should not be based solely upon brochures, advertising or other promotional materials. Before you decide, ask for written information about qualifications and experience.
A sophisticated and creative tax planner can:
* Transform tax plans from methods of cost-containment to integrated systems of advanced tax risk management and value creation;
* Transform asset protection plans from ineffective collections of legal odds and ends to integrated systems of advanced legal risk management and security enhancement; and
* Transform individual financial plans and company treasuries from piecemeal jumbles to integrated systems of financial management and wealth preservation.
U.S. citizens should always consult a competent tax attorney or CPA before implementing any planning involving domestic or foreign structures. Windward Harbor's principals are experienced tax planning, wealth management, insurance, investment, tax, and asset protection professionals. We specialize in providing the most effective, legal tax planning available for entrepreneurs and high net worth clients. Windward Harbor will offer asset protection and offshore planning services only to clients who are committed to full U.S. tax compliance.
The materials found in this article, including these comments on asset protection planning and offshore planning, are for general informational purposes only. The information provided herein is not warranted to be accurate or current and must not be regarded as legal advice. All legal and tax planning is very fact- and circumstance-specific, asset protection planning and offshore planning, in particular. Internet subscribers and online readers should not act upon this information without seeking professional advice. You should consult a lawyer if you have a legal matter requiring attention.
© Windward Harbor LLC 2004
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