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(More customer reviews)I have long considered Mario Mata to be one of the best and most practical asset protection attorneys. Unlike many of the newbie asset protection planners who so lately have sprung up like so many weeds and who lack anything like real experience, Mario has actually been practicing in this area for well over a decade, and is currently a director of the American Bar Association's Asset Protection Planning Committee. Mario is the "real deal" and one of the very few asset protection attorneys whom I would trust with my own planning.
Planners have been using offshore annuities and life insurance products for many years, sometimes correctly and often not. Such financial devices are commonly referred to as "Swiss annuities" or "Swiss life insurance" although they might be purchased in another offshore haven, say, Bermuda or the Isle of Man. The IRS and Treasury guidelines for reporting and taxing these instruments are unclear and ever changing, making the area difficult to practice in, and unfortunately some planners misuse these products in what are clearly tax shelter schemes and tax evasion schemes.
Offshore annuities and offshore life insurance products are not for everybody, and in fact are correctly used only for a relatively very small segment of society, such as truly international families having members spread across at least a couple of different nations. For these families, sophisticated international trust planning which includes foreign annuity and life insurance planning is a must. For purely "domestic" families, such planning can be overkill, and the higher costs of such planning can quickly degenerate its efficiency.
This book is basically a collection of 14 articles on the subject, as written by 16 different authors. Each article gives a fairly detailed discussion of the technical issues involved with offshore annuities and life insurance. The depth of the articles is such that this is probably more of a book for learned legal and financial professionals than for the layman considering the purchase of such a product (such a person should hire the best counsel available and follow their guidance -- there are far too many minefields in this area for this to be anything like a "do it yourself" planning area). This is not anything like light reading, but consists of technically deep analysis of both Swiss law and how the IRS treats foreign annuities and life insurance products.
In the final analysis, this book will be a much referred-to tome found on the shelves of every planner who has an interest in this area. Highly recommended.
Click Here to see more reviews about: Swiss Annuities and Life Insurance: Secure Returns, Asset Protection, and Privacy (Wiley Finance)
Swiss Annuities and Life Insurance examines the key characteristics of Swiss annuities and life insurance, and explains how the use of these products can help you achieve asset protection, growth, and, in some cases, significant tax planning opportunities. Swiss annuities and life insurance are an excellent alternative investment, particularly for high-net-worth individuals. With this expert guidebook, you too will learn how to safely capitalize on these attractive products.
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