How Smart Billionaires Hide Their Money (Legally)

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Summary of this video:

💼 Asset Protection Strategies for Billionaires

– Strategies for protecting assets against lawsuits and divorce,
– Cook Islands as a top jurisdiction for asset protection,
– Setting up trusts and LLCs for safeguarding wealth.

🏝️ Alternative Asset Protection Jurisdictions

– Comparison of asset protection options: Cook Islands vs. St. Kitts and Nevis vs. Belize,
– Considerations for cost, ease of setup, and level of protection,
– Importance of thorough research before selecting a jurisdiction.

🇭🇺 Asset Protection in Europe: Hungary

– Overview of asset protection options in Hungary,
– Benefits of setting up trusts and companies in Hungary,
– Comparison of Hungarian trust laws with other jurisdictions.

📜 Importance of Structuring for Future Generations

– Significance of structuring assets to protect future generations,
– Benefits of trusts in safeguarding wealth for children and heirs,
– Legal implications and protections offered by trusts in case of lawsuits or divorce.

DISCLAIMER: This video is not tax and/or financial advice. Any information or advice I give is purely based on my own experience and research. I am not a tax professional and/or lawyer and/or accountant so I am not liable for any steps you take to lower your taxes. I’m not a financial advisor nor do I pretend to be. Always do your own research.

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44 thoughts on “How Smart Billionaires Hide Their Money (Legally)”

  5. There are too many situations in life, where you will need a passport nobody knows about in your back pocket, to ignore the possibility and even don't do so much as thinking about it.

    All this video about protection of ur assets in court reminded me a moment in film Big Stan, when M.EmmetWalsh, who played the corrupt lawyer Lew Popper, winks at a judge and says :"Thanks, Your Honour!".😂

    Reply

  7. Offshore trust structures are to protect Liquid Assets, such as cash and share instruments.

    Domestic real estate needs to be in a domestic trust and all equity stripped from it through liens and mortgages. Creditors won't have anything to attach this way.

    The basics are to keep your money offshore and to let your physical asset titles be held by the banks. This way creditors and a loose wife will get nothing but a finger from your accountant, bank and lawyer.

    Reply

  17. What about the new EU asset register? It specifically also requires you to tell them about any company or trust or foundation that you are profiting from! Also real eastate, crypto, etc. Thr limit is 200k, which is rediculously low! It affects everyone who owns a house. How can we escape this hell?

    Reply

  20. Put your wealth in Bitcoin on some several ledger sticks and is your 100%. Safe easy to set up.
    Milions bilions can cross border etc.. .
    Nobody can take it from you. 10000%bullet proof.
    În case of divorced 100000%bullet proof.

    Reply

  26. The question now is: how would someone in gods name even know that you have set up a trustfund that owns a LLC that owns your investments be it properties or financial securities or money in your savings account assuming you keep your mouth shut.

    Reply

  35. 1) Even if you have trust set up in the US, the personal liability court cannot go after that trust since you are not considered an owner of that trust if you are a custodian or beneficiary of that trust. So there's no need to set it up outside the US. Am I right?
    2) if you set up trust I Cook Islands, will you also need to pay tax to Cook Islands?

    Reply

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