In this interview with Joel Nagel, we discuss what asset protection is, how to protect your assets, the offshore markets, estate planning and how to make sure no-one would ever dare to sue you. Grab our brand new infographic report called “15 Global Strategies to Protect Your Wealth” for free that Joel and I created.
Interview with Joel Nagel
Joel Nagel is an internationally-recognized lawyer, visionary, and strategic thinker. He has been featured in countless business publications across the world and quoted in U.S. News & World Report as well as in Forbes Magazine. He is the founder and managing partner of Nagel & Associates, LLC, which specializes in international law, estate planning, global commercial transactions, and asset protection. And has been the Ambassador to Austria and other countries in Europe.
What are the Offshore Markets?
We start the episode off with two important definitions: What is Asset Protection? and What are the Offshore Markets?
Investopedia’s Definition of Offshore
“What is Offshore? – “Offshore” refers to a location outside of one’s national boundaries, whether or not that location is land- or water-based. The term “offshore” may be used to describe foreign banks, corporations, investments and deposits. A company may legitimately move offshore for the purpose of tax avoidance or to enjoy relaxed regulations.”
I ask Joel Nagel some questions like: “Why do you use the offshore markets? Is there anything illegal, dodgy, or unethical about using the offshore markets in this manner?”
What is Asset Protection?
Investopedia’s Definition of Asset Protection:
“Asset protection is the concept of and strategies for guarding one’s wealth. Asset protection is a type of financial planning intended to protect one’s assets from creditor claims. Individuals and business entities use asset protection techniques to limit creditors’ access to certain valuable assets while operating within the bounds of debtor-creditor law.”
I also ask Joel Nagel some questions about asset protection like: “Why do we need asset protection? Why don’t people just use a normal asset protection lawyer and keep things onshore, or inside the USA?”
Hear how Joel Nagel describes asset protection and why he decided to practice this field of law, and the very personal reasons for doing so as it will help you understand why asset protection is so important.
Joel talks about how using the offshore markets and international trusts are more than just asset protection. Estate Planning is often just as important and is one of the three main reasons people go down this road.
Listen in to the complete episode to hear the third major reason you might want to consider the offshore markets for more than just asset protection.
Hear how the offshore markets can set your family up for generational wealth with Estate Planning and how you can responsibly pass your wealth on to your descendants.
How To Protect Your Assets
In this interview with Joel Nagel, we go into depth on multiple strategies you can use to make creditors double think about coming after you and attorneys terrified to even consider suing you.
For a complete outline on how to protect your assets download “15 Global Strategies to Protect Your Wealth” in PDF for free right now.
Joel has really become a mentor to me these last couple of years. As he says in our interview: “we are cut from the same cloth” and I tend to agree with him. I hope you get as much out of this interview as I did. And if you would like to stay up to date with all new content that comes out at The Expat Money Show make sure you sign up below for our newsletter; EMS Pulse. – My behind the scene correspondence where I give you all the intel as I travel the world building my business, develop key relationships and investing in non-traditional investments overseas (very profitably I might add!)