How can I effectively protect my capital assets from creditors?
December 5, 2022 | 40,00 EUR | answered by Paula Köhler
Dear tax advisor,
My name is Johann Busch and I would like to know how I can effectively protect my capital assets from creditors. In the past, I have made some investments and have built up a considerable amount of capital assets. Now, I am concerned that creditors could access my assets in the event of insolvency or other financial problems.
My capital assets consist of various securities, investment funds, and real estate. I want to ensure that my hard-earned wealth is protected and cannot be claimed by creditors. What options are there to protect my capital assets from creditors? Are there specific legal measures I can take to secure my assets?
I am looking for specific solutions and strategies to protect my capital assets from potential creditors. I would like to know what legal regulations to consider and what actions I can take to secure my assets.
Thank you in advance for your help and advice.
Best regards,
Johann Busch
Dear Mr. Busch,
Thank you for your inquiry regarding the protection of your capital assets from creditors. It is understandable that you are concerned about safeguarding your hard-earned wealth and ensuring that it is protected from potential financial problems.
There are various ways to secure your capital assets from creditors. One option is to establish a corporation, such as a GmbH. By transferring your assets to the company, they are separated from your personal assets. In the event of insolvency or other financial difficulties, your personal assets would be protected.
Another option is to establish an asset protection trust. In this case, you transfer your assets to a trustee who has control over them in case of creditor claims. This way, your assets remain protected and cannot be claimed by creditors.
Furthermore, you can also transfer your real estate properties into a wealth management company to protect your capital assets from creditors. This measure separates your real estate ownership from your personal assets and thus protects it.
However, it is important to consider the legal framework when implementing these protective measures. A professional tax advisor or lawyer can provide comprehensive advice and assist you in selecting the appropriate measures.
In conclusion, it is important to take early measures to protect your assets in order to be secured in case of financial problems. I am happy to answer any further questions you may have and provide individual advice regarding your concerns.
Best regards,
Paula Köhler
Tax advisor and expert in capital assets.
