The Rich Don’t Hide Their Money—They Fortify It. Here’s How - Attorney Blake Harris
In this conversation, attorney Blake Harris discusses the niche field of offshore asset protection law, emphasizing the importance of protecting assets in a litigious society. He explains the benefits of offshore trusts, particularly in the Cook Islands, and addresses common misconceptions about asset protection. The discussion also covers the history of offshore trusts, the reasons behind the U.S.'s litigious nature, and the process of setting up a trust. Harris shares insights on client experiences and the future of the asset protection industry. Chapters 00:00 Introduction to Asset Protection Law 01:56 Understanding Offshore Trusts 06:07 The Importance of Asset Protection 10:32 The History of Offshore Trusts 13:05 Why the U.S. is Litigious 18:17 Choosing the Right Offshore Location 22:03 Client Perspectives on Asset Protection 25:25 Myths About Wealth Protection 28:36 Accessing Trust Assets 33:30 Conclusion and Resources