How Smart Billionaires Hide Their Money (Legally)

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How Smart Billionaires Hide Their Money (Legally)

Рет қаралды 30,609

Күн бұрын

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Summary of this video:
💼 Asset Protection Strategies for Billionaires
- Strategies for protecting assets against lawsuits and divorce,
- Cook Islands as a top jurisdiction for asset protection,
- Setting up trusts and LLCs for safeguarding wealth.
🏝️ Alternative Asset Protection Jurisdictions
- Comparison of asset protection options: Cook Islands vs. St. Kitts and Nevis vs. Belize,
- Considerations for cost, ease of setup, and level of protection,
- Importance of thorough research before selecting a jurisdiction.
🇭🇺 Asset Protection in Europe: Hungary
- Overview of asset protection options in Hungary,
- Benefits of setting up trusts and companies in Hungary,
- Comparison of Hungarian trust laws with other jurisdictions.
📜 Importance of Structuring for Future Generations
- Significance of structuring assets to protect future generations,
- Benefits of trusts in safeguarding wealth for children and heirs,
- Legal implications and protections offered by trusts in case of lawsuits or divorce.
DISCLAIMER: This video is not tax and/or financial advice. Any information or advice I give is purely based on my own experience and research. I am not a tax professional and/or lawyer and/or accountant so I am not liable for any steps you take to lower your taxes. I'm not a financial advisor nor do I pretend to be. Always do your own research.

Пікірлер: 128

@pratheeshm400 5 ай бұрын

Protecting from women

@FatmaYousuf 5 ай бұрын

hahahahahaha

@magnolya8 5 ай бұрын

You came from a woman. Protection from you.

@solus6459 5 ай бұрын

💯

@vlad7269 5 ай бұрын

Another reason not to have partner

@harrytes4364 5 ай бұрын

You can have a partner. just don’t make her your wife legally.

@heyjude2109 5 ай бұрын

This is the content I have been waiting to watch for years on KZfaq. Now I know where to "park" my hard earned money.

@lindsayscott4537 5 күн бұрын

Talk to a corporate banker. Talk to people that actually deal with money. Lawyers and accountants don't! When I was a banker we would have the Lloyds come every 6 months to visit etc. 😂

@HeyMr.Johnson901 5 ай бұрын

Cook Island Trust, Bahamian or Dubai Holdings company with a Wyoming or Delaware LLC

@don_kandon6006 5 ай бұрын

Wrong. USA judge can pierce the veil of usa llcs, even if its in wyoming (most private in usa). Why? Because he has a jurisdiction there, that is why you should have an llc in offshore, preferably cook island or nevis, thats where usa judge has no jurisdiction. So yeah, the strongest set up is cooks trust, that holds either cooks or nevis llc, and that llc has bank account in swiss. Thats the #1 set up. Men lie, women lie, stats do not. Cook island trust veil never been pierced- undefeated, untouchable. There was some guy in usa who defrauded millions, usa govt was not able to get that money. Dude serving 8 years in prison, but 40 mil he defrauded, is still there in cooks.

@rarobro6380 5 ай бұрын

I'm Cook Island I heard this I'm going there in July I'm going to check this out

@Towanda-xq2xg 5 ай бұрын

You know you are the best, join your online group, been busy, didn't forget about you guys, traveling, stay blessed and let's go! 💯💯💯💯💯💯

@PlateletRichGel 2 ай бұрын

Cook Islands trust and LLC cost $10,000 per year to run

@dream.lifestyle 5 ай бұрын

You forgot to mention in order to sue somone in Cook Islands, all legal fees must be prepaid up front there. I then only Cook Islands Court will even register a case there

@lvdeluxe1 5 ай бұрын

Offshore trust structures are to protect Liquid Assets, such as cash and share instruments. Domestic real estate needs to be in a domestic trust and all equity stripped from it through liens and mortgages. Creditors won't have anything to attach this way. The basics are to keep your money offshore and to let your physical asset titles be held by the banks. This way creditors and a loose wife will get nothing but a finger from your accountant, bank and lawyer.

@kwannp6141 5 ай бұрын

I agree 💯 with everything you mentioned except for one thing, instead one middle finger to that greedy b$#@&, how two middle fingers!!!!

@lindsayscott4537 5 күн бұрын

This is not the case. In New Zealand there are other entity structure other than Trusts are far more beneficial to hold asset. 😂

@dexterspeights3484 5 ай бұрын

The Cook Islands has the best asset protection trust in the world 100%

@unclephil0231 5 ай бұрын

What about the new EU asset register? It specifically also requires you to tell them about any company or trust or foundation that you are profiting from! Also real eastate, crypto, etc. Thr limit is 200k, which is rediculously low! It affects everyone who owns a house. How can we escape this hell?

@matthewnirenberg 5 ай бұрын

Great question. I've been wondering the same as well. I guess that would mean either live in Andorra or Monaco (Both are outside the EU, within Schengen (but with different rules for residency), but part of the EEA - confusing much...), or don't live in Europe. The EU Asset register as far as I can tell, only applies to EU located assets and EU residents - thus just because someone is an EU citizen doesn't mean they are required to register their assets on the EU asset register unless they live in the EU or the asset is located in the EU.

@michaeljohnscott7989 5 ай бұрын

Buy gold, silver & Bitcoin. 😊

@matthewnirenberg 5 ай бұрын

@@michaeljohnscott7989 That will only result in being forced to register those assets or in the case of crypto have them registered by the exchange. Simply put, as long as you have to AML/KYC you can't avoid it except to be within the amounts which don't require ID. The problem is AML/KYC and unless laws get repealed there is no solution. Whats the point in having bullion or crypto when you can't do anything with it because you have no audit trail that shows how you got it and thus no one will accept it? Sure it might be fine person to person but in reality you still need to be able to function within the tyrannical systems.

@unclephil0231 5 ай бұрын

@@michaeljohnscott7989 I did😉 But all these assets have to be reported, as well. And since there is KYC on every Broker and every Exchange, not reporting is not smart, because punishment is believed to be twice the amount of what you've tried to hide

@micomarinas2753 5 ай бұрын

can a billionaire create a multiple LLC and multiple trust in cook island and st.kitts?

@HexAlchemist5555 5 ай бұрын

What about a singaporean bank account instead of a swiss bank account? I hear swiss banks are overrated.

@michalblaskovic293 5 ай бұрын

I live near Hungary and I didn't know about trust so thank you

@jesselivermore9285 5 ай бұрын

The ONLY correct answer is to put it in self-custodied bitcoin.

@wouter1602 5 ай бұрын

Bitcoin…..at least nobody can take that!

@WealthyExpat 5 ай бұрын

Yes !!!

@diya.codes93 5 ай бұрын

Pepe coin😀

@UnboxFnnydude 5 ай бұрын

Can always get blacklisted from exchanged when cashing out tho so it’s kinda not fully bulletproof

@thisplaceisnuts 5 ай бұрын

@@WealthyExpat and it doesn’t cost you “$50-$100K” that you so casually mentioned throughout your video 🙄 Ledger Nano X is $149! 🤔😳😇

@Valhalla_Heathen 5 ай бұрын

Crypto is where it’s at!

@jacquelynjeanne9536 5 ай бұрын

Can you talk about how to find a company to set up these structures and trusts? I have been researching but don't know who's reputable or trustworthy.

@monkeyrater 5 ай бұрын

Go to City of London (the financial district in London).

@manuelmanuel3968 3 ай бұрын

There's a guy on KZfaq called the the business guy. He's a pro at setting up this structures look him up

@monkeyrater 3 ай бұрын

@@manuelmanuel3968 Thanks, The Business Guy came on my YT feed a couple of weeks ago. But I think The Business Guy only works with LLCs and I think setting up a company in a place like Dubai is more complex than an LLC.

@miyaniprince3358 5 ай бұрын

Sir what did you study

@JohnSmith-zo6ir Ай бұрын

You must be joking. Both Switzerland and the Cook Islands handed over their clients to the USA and Australian governments. Among them was the Australian Prime Minister at the time Kevin Rudd.

@WealthyExpat Ай бұрын

I mean if you’re the PM of Australia not much I can do for you

@JohnSmith-zo6ir Ай бұрын

@@WealthyExpat If they can hand over the PMs trust set up in the Cook Islands, then they can hand over anyone's. That was the point. New Zealand is on the one world order bandwagon, so as administrators of the Cook Islands, nothing there is safe.

@DanXRP 5 ай бұрын

Great video.

@rivenoak 5 ай бұрын

4:00 huh, what is that map ?

@HT-xv1qp 5 ай бұрын

"north and central america 2048" kinda like an alternative futuristic map

@pratheeshm400 5 ай бұрын

So with is LLC, can we buy property in Dubai and obtain golden visa?

@Pajtim2023 5 ай бұрын

If u invest 400-500k dollar u get 10 year golden visa

@pratheeshm400 5 ай бұрын

Under the name of trust, I was asking@@Pajtim2023

@jamess2483 27 күн бұрын

I want a Nevis LLC instead of a Cooks one.

@sergeyyakymchuk1224 5 ай бұрын

There are too many situations in life, where you will need a passport nobody knows about in your back pocket, to ignore the possibility and even don't do so much as thinking about it. All this video about protection of ur assets in court reminded me a moment in film Big Stan, when M.EmmetWalsh, who played the corrupt lawyer Lew Popper, winks at a judge and says :"Thanks, Your Honour!".😂

@lenzo6551 5 ай бұрын

What is a trust?

@monkeyrater 5 ай бұрын

A trust is like a corporation. As you may know a corporation is an independent entity. Instead of board members you have trustees. So you dont own the money that you put in a Trust. The trust has total control over it and only lets you use the money if you request it. It sounds crazy and it is, but thats how you protect your money. By letting other people own and control your money and you pay them to let you use the money when you need it.

@Trumppower 5 ай бұрын

You can Trust me.

@magnolya8 5 ай бұрын

📚

@havsum 4 ай бұрын

@@monkeyratercan these trustees run away with the money

@user-qk3dx7ho5x Ай бұрын

@@monkeyrater what if trust betray with ownership?

@Masterciety 5 ай бұрын

Just spread it out to different locations.

@ginorako2176 5 ай бұрын

The question now is: how would someone in gods name even know that you have set up a trustfund that owns a LLC that owns your investments be it properties or financial securities or money in your savings account assuming you keep your mouth shut.

@betserv.1187 5 ай бұрын

1) Even if you have trust set up in the US, the personal liability court cannot go after that trust since you are not considered an owner of that trust if you are a custodian or beneficiary of that trust. So there's no need to set it up outside the US. Am I right? 2) if you set up trust I Cook Islands, will you also need to pay tax to Cook Islands?

@fiftyshadesofurban 5 ай бұрын

Does your company help set this up? I went to your website and it seems like you just help set up moving / residency / citizenships

@MyLatinLife 5 ай бұрын

Smart!!!!!!

@MrEmptyfuel 4 ай бұрын

Awesome free value here

@efexzium 5 ай бұрын

I tought the cook island 🏝️ belonged to Tim Cook’s family

@Bambotb 5 ай бұрын

A trust needs a beneficiary it cant be you so you will lose them😊

@shazzadhasan3970 5 ай бұрын

what about Panama ?

@Yysanlau 2 ай бұрын

What’s about Sam Bankman ? 😅😅

@greatindiandreams 5 ай бұрын

You forgot to mention labuan.

@ronbonora7872 5 ай бұрын

Canadians need to report the Trust too! The government have the most power, period!

@Technoanima 5 ай бұрын

Then don't be Canadian. 😂

@rydergoode6922 5 ай бұрын

@@Technoanima🎯💯

@sergeyyakymchuk1224 5 ай бұрын

If i am wrong, please somebody correct me, but if you have an other citizenship and register trust on other passport, maybe you aren't supposed to report? For example, if you are Canadian/St.Lucian?

@azavy 5 ай бұрын

@sergeyyakymchuk1224 ask a tax person who works with offshore accounts. Rules are always changing.

@matthewnirenberg 5 ай бұрын

Consult a professional for the correct advice. One thing to keep in mind is that in many places, simply being a citizen isn't enough to force one to register/report everything - that's usually tax residency. If you had Australian tax residence you'd have to report bank accounts, trusts, etc. to the ATO. If you legally closed your tax file and moved abroad, then those obligations wouldn't exist with the ATO unless you became tax resident in Australia again. The new country of primary residence could impose such requirements though.

@JamalTurner-kq2ty 5 ай бұрын

Can you own a home anywhere in the Caribbean and have it in a Nevis trust?

@willeywealth 2 ай бұрын

from what ive researched, youd have the home in a holding company thats owned by the trust

@hannibal-y4h 5 ай бұрын

Make a video about texas bro and their 0 income tax

@Virtues162 5 ай бұрын

How greed haunts billionaires making them miserable __ a better title !

@michaeljohnscott7989 5 ай бұрын

Trust no-one buy Bitcoin & become your own bank. 😊

@HigginsLawLLCWinterHaven 5 ай бұрын

the usa requires reporting of all companies' beneficial owners effective jan. 2025 or else prison and big fines. once sued and a judgment entered, judge can order you to retrieve money or assets from your cook island etc. trust. sit in jail for contempt of court until you obey that court order, so get legal advice on how to avoid that probability.

@myronbourne6937 Ай бұрын

Nah, that's BS 😂

@efexzium 5 ай бұрын

I’ve got nothing to protect so I’ll keep working on my AI law service

@-vv3rv 5 ай бұрын

What is the best strategy to enter crypto trading for someone with more or less than $5,000 to invest?

@beachlife-f7z 5 ай бұрын

As a beginner, it's essential for you to have a mentor to keep you accountable. I'm guided by a widely known crypto consultant

@beachlife-f7z 5 ай бұрын

Mrs Nancy Williams Laplace.

@user-fe9nv9lw9f 5 ай бұрын

The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional

@ann-ie4hc 5 ай бұрын

Isn't she the same Mrs Nancy Williams Laplace that my neighbors are talking about, she has to be a perfect expect for people to talk about her so well.

@KN0852 5 ай бұрын

~Mrs Nancy Williams was my hope during the bear summer last year. I did so many mistakes but also learnt so much from it, and of course from Nancy Williams. She is my number one when it comes to crypto and TA.

@dialecticalmonist3405 5 ай бұрын

You're saying that people aren't willing to fly to an island to win MILLIONS of dollars? I would fly to the moon.

@don_kandon6006 5 ай бұрын

Sure, but it still adds to the whole picture. All small details adds up to a big picture.

@matthewnirenberg 5 ай бұрын

He also said that even if they actually go there, the Cook Islands can very easily refuse to acknowledge the legitimacy of the persons legal qualifications and capacity. Most people won't go somewhere knowing that if the "wind blows one way" they'll be rejected but it could "blow the other way once a blue moon".

@dialecticalmonist3405 5 ай бұрын

@@matthewnirenberg I would imagine that there is a lucrative profession in becoming a lawyer in the Cook Islands.

@matthewnirenberg 5 ай бұрын

@@dialecticalmonist3405 There's a reason no one's done it - isolation aside and the work required to become a lawyer aside, those who can sue don't want to ruin the benefits of the Cook Islands as they benefit from it as well. Its a case of "whilst they'd like to sue, they don't want to get rid of their own golden goose" so they let it go. Also the visa policy of the Cook Islands helps prevent it.

@myronbourne6937 Ай бұрын

You wouldn't win. You can't take assets in the possession of a Trustee.

@Trumppower 5 ай бұрын

Dudes got a strong Chin, is he a Boxer?

@WealthyExpat 5 ай бұрын

Judo

@lovelymix8056 4 ай бұрын

Rude 😂😂😂😂

@itsmePassportBro 15 күн бұрын

Bitcoin... Is the only way.

@Strawbreaker 5 ай бұрын

Lichtenstein!!!

@dexterspeights3484 5 ай бұрын

Lichtenstein will sell you out in a heartbeat to Count taxman!

@Bashy776 5 ай бұрын

I mean, just buy Bitcoin and keep your private key secrets, it seems easier.

@wanderwoman3976 5 ай бұрын

That doesn’t keep you from paying taxes. Whenever you sell crypto it is a taxable event in the U.S.

@PIKOLO390 5 ай бұрын

Bitcoin is the new thing 😂 it is amazing belive me

@iainsanders4775 5 ай бұрын

Almost anywhere with a British connection or history is ok.

@skranz7790 5 ай бұрын

Except for the UK.!

@Valhalla_Heathen 5 ай бұрын

Get those crypto investments going, gents! 😎

@realitywithmj4334 5 ай бұрын

but you are not even a millionaire so why would you talk about billionaires?

@azavy 5 ай бұрын

How do you know he's not a millionaire?

@WealthyExpat 5 ай бұрын

I'm broke af

@AIGenerated 5 ай бұрын

Nice try IRS

@realitywithmj4334 5 ай бұрын

yes@@azavy

@thisplaceisnuts 5 ай бұрын

@@WealthyExpat I figured as much, since you very casually toss around the figures $50,000 to $100,000 like those figures mean nothing😮 My divorce cost me $500K and I don’t throw around figures lightly. $50K is still $50K even when you’re a millionaire!🤔😳😡