When is the best time to start with international asset protection?

International asset protection can be an important part of a comprehensive wealth management plan, but it is not something that should be undertaken lightly. It is important to carefully consider the potential benefits and drawbacks of international asset protection, as well as the legal and ethical implications, before deciding if it is right for you.

So, when is the best time to start with international asset protection? Here are a few key factors to consider:

1. Risk level: One of the primary reasons to consider international asset protection is to protect assets from potential risks and liabilities. If you are in a high-risk profession, such as law or medicine, or if you have a significant amount of assets that could be at risk in the event of a lawsuit or other legal action, it may be a good idea to consider international asset protection sooner rather than later.

2. Asset value: The value of your assets is another important factor to consider. If you have a significant amount of assets, such as real estate, investments, or a business, it may be worth considering international asset protection to ensure that those assets are protected from potential threats.

3. Estate planning: International asset protection can also be an important component of estate planning. If you are in the process of developing an estate plan, it may be a good time to consider international asset protection to ensure that your assets are distributed according to your wishes.

4. Future plans: Your future plans and goals can also be a factor in deciding when to start with international asset protection. If you are planning to retire or move abroad in the near future, it may be a good idea to consider international asset protection to ensure that your assets are protected and available to you in your new location.

Ultimately, the best time to start with international asset protection will depend on your individual circumstances. It is important to carefully consider your specific goals and needs, as well as the potential risks and liabilities, before deciding if international asset protection is right for you. 

BUT BETTER SOONER THAN LATER

AND WE WILL TELL YOU EXACTLY WHY

When it comes to international asset protection, it is generally better to start sooner rather than later. Waiting until you are facing a potential threat or liability, such as a lawsuit or other legal action, may be too late to effectively protect your assets. This is because many international asset protection tools, such as trusts and offshore foundations, require advance planning and can take time to set up and implement.

Additionally, waiting until you are already facing a threat or liability can make it more difficult to effectively protect your assets. This is because creditors and other interested parties may be able to argue that the asset protection measures were implemented with the specific intention of avoiding or hindering legal action, which could potentially invalidate the protection.

Therefore, it is generally best to start thinking about international asset protection as soon as you have assets that you want to protect. This will give you the time and opportunity to carefully consider your options and develop a well-planned, effective asset protection strategy. It will also ensure that you are able to take advantage of the full benefits of international asset protection, such as the ability to take advantage of favorable laws and regulations in different countries.

It is important to keep in mind, however, that international asset protection is not a one-size-fits-all solution and that it may not be appropriate for everyone. It is important to carefully consider your individual circumstances, goals, and needs, as well as the potential risks and liabilities, before deciding if international asset protection is right for you. It is also important to work with legal and financial professionals to ensure that you are making informed decisions and that your asset protection strategy is well-planned and effective.