Asset Protection

Definition

Asset protection refers to strategies used to shield assets from potential claims, creditors or legal proceedings. Irrevocable trusts, when properly structured, can provide a degree of asset protection by separating legal ownership from beneficial ownership.

Context

This term is commonly used in the context of trust administration in Switzerland. Understanding this concept is essential for international families, entrepreneurs and legal professionals considering or managing trust structures administered from Switzerland.

Related terms

• AML (Anti-Money Laundering) — Anti-Money Laundering (AML) refers to the set of laws, regulations and procedures designed to preven...
• Beneficial Ownership — Beneficial ownership refers to the natural person(s) who ultimately own or control an entity or trus...
• Beneficiary — A beneficiary is a person or entity designated to receive benefits from a trust, such as income, cap...
• Change of Trustee — A change of trustee is the process of replacing the existing trustee with a new one. This involves l...
• Compliance Calendar — A compliance calendar is a structured schedule of all regulatory deadlines, reporting requirements a...