In the USA, but also elsewhere, frivolous lawsuits, unjustified claims and the fact that asset seizure has become easier and easier, pose a danger to anyone who possesses certain wealth. Particularly those who are most exposed such as medical doctors, lawyers and other professionals, entrepreneurs, company executives and real estate owners, nowadays have an acute need to legally protect their assets from lawsuits and unjustified claims or asset seizure. In this environment legal protection from creditors, various forms of seizure and forced repatriation is essential.
The special advantages offered by Swiss insurance policies in terms of asset protection represent the main reason why a special section on this website is devoted entirely to this topic.
Swiss annuities are interesting alternatives to more complex, more costly and less secure asset protection structures such as domestic or foreign trusts. The advantages are based on specific provisions in Swiss insurance law. Although this aspect is particularly relevant to American investors, wealthy individuals and families in other countries are also increasingly looking to protect their assets from frivolous lawsuits and unjustified claims.
For further reading:
Asset Protection, Swiss Annuities, and Trusts – by Alexander A. Bove, Jr. – Offshore Investment Journal, 2004
Asset Protection with a foreign insurance policy and an irrevocable life insurance trust – by Michael G. Chatzky – Chatzky & Associates, San Diego, USA, May 2006