Viles Law Firm

Foreign entities are an alternative to foreign trusts as a way to protect your liquid assets. Foreign trusts often allow you unbreakable protection. However, foreign trusts can be expensive. You also want to avoid owning assets in your own name – meaning you do not want stock in your own name or an overseas bank account in your own name. Creditors can reach assets titled in your name. A foreign LLC may be a better solution because all LLCs offer protection from charging orders. The benefit of a foreign LLC is often that a creditor would need to go to the foreign jurisdiction to commence litigation against the assets. Your creditors may not want to incur the cost and difficulty of litigating in another country.




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Call us now at (713) 622-4647