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Steven Sears - ArticlesSteven Sears, Attorney and CPA offers Asset Protection and other services in Irvine, CA. For more information, visit: http://www.steven-sears.net
Offshore Asset ProtectionAggressive asset protection, in particular lawsuit protection, often involves use of offshore entities. Certain foreign jurisdictions do not recognize the judgments of United States courts. To reach assets held offshore, it may be necessary for the creditor to retry the claim in the foreign jurisdiction. This would require hiring local attorneys and having witnesses, exhibits and other evidence presented in the foreign court. The costs associated with such an action may deter a creditor from pur Offers in CompromiseThe IRS Offer in Compromise Program authorizes the IRS to compromise outstanding tax obligations with taxpayers with financial hardship for less than the full tax due. What this means is that the IRS negotiates a deal with you to pay what you can afford and forgives any remaining balance. Non-profit OrganizationsOrganizations seeking recognition of exemption from federal income tax includes a church or a convention or association of educational, or organization operated for the benefit of certain state and municipal colleges and universities or a hospital or medical research organization. Life Insurance TrustA Life Insurance Trust is simply a document that acts like a very private and secure box into which you place your life insurance policy. Did you know that upon your death the life insurance proceeds will be included in your Estate? International-isle of ManThe Isle of Man is located in the Irish Sea between Britain, Scotland and Ireland. The official language is English and the official currency is the pound Sterling. It is a democratic self-governing territory within the British Commonwealth. Although this island has never formally been a part of Britain, today Britain is responsible for the island’s defense and its international relations. International-irelandIreland is located to the west of Britain, separated by the Irish Sea. The capital and commercial center is Dublin. The official language is English and the official currency is the Irish pound. The legal system is similar to that of Britain, common law. Ireland is divided into the Republic of Ireland and Northern Ireland. The Republic of Ireland is an independent territory. Northern Ireland remains under British rule. Delaware CorporationsFor over a Century, Delaware has been the location of choice for more than fifty percent of the U.S. Corporations. The reason for the continuation of this trend relates to the Delaware Corporation Law which is one of the most advanced and flexible corporation statutes in the nation. International-costa RicaThe Republic of Costa Rica is located between Panama and Nicaragua. It is considered the most “westernized” nation in Central America. It separates the waters of the Pacific Ocean from the Caribbean Sea. The official language is Spanish, although English is widely spoken, especially in the business area. The official currency is the Colon, which is one of the most stable currencies in Latin America. International-cook IslandsThe Cook Islands is a group of 15 islands located in the South Pacific between Tahiti and Samoa. The official language is English and the official currency is the New Zealand dollar. The legal system is based on British Common Law with some local regulations.
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