Texas Annuity - And how to keep it! Protect Your Assets in Texas or Anywhere Else

September 9, 2004
By Michael Joseph

How would someone use asset protection strategies with a Texas annuity? Do what anyone would do, but it into a trust; maybe use a limited liability company, perhaps an offshore investment firm. The field of possibilities is endless and the combinations nearly so.

An annuity is an asset like anything else and the point of asset protection is to camouflage it from the prying eyes lawyers who would like nothing more than to sue you for those assets to line their own pockets. Choosing an asset protection plan is critical in keeping and expanding your assets and securing your legacy for your loved ones.

The first step is to pick a strategy that works for you and like I said there are plenty to choose from out there. One is the trust whose benefits are numerous and apparent to those wishing to camouflage their wealth from the public eye.

A limited liability company is often used in conjunction with a trust to give the maximum benefit of secrecy and security. An offshore investment can move your assets overseas though it works better when combined with a limited liability company. It is feasible to combine all three by having an overseas land trust managed by a limited liability company thus giving incredible security and effectively camouflaging your wealth from litigious lawyers.

Now that you've chosen what strategy or combination of strategies you intend to use, remember, so long as the trust or the limited liability company are not sued your assets and the names of all involved will be kept strictly confidential so no one will know who owns what thus achieving the look of minimal assets and litigious lawyers will not bother to sue you, who wants to sue someone who couldn't possibly pay what they want?