Law Office of
Robert J. Mintz
Exclusive Legal Representation For Your
Asset Protection Planning Needs
  • Asset Protection
  • Estate Planning
  • International Tax
  • Business Planning

Fiscal Crises

Wealth also can be attacked by ill-conceived political and fiscal policies, which weaken the local currency and devalue the accumulated wealth of the population. Cyprus, Greece, Italy, Spain, Iceland, Ireland and the fiscal crisis in the rest of southern Europe has caused great concern about the extent to which  the Euro will be able to survive as a single currency.  Besides Europe, at various times in the recent past, Russia, Indonesia, Thailand, and South Korea, have seen the value of their currencies collapse as a result of entrenched corruption and  badly mismanaged  fiscal policies.The cumulative savings of much of the citizenry have been obliterated. Cyprus is only the most recent  example  of strict exchange controls, prohibiting the movement of bank deposits out of the country.  A devalued currency  disproportionately penalizes that portion of the population without sufficient resources or ingenuity to successfully avoid capital control  laws.

To protect against the financial consequences of a shift of political power and to avoid controls on the flow of funds, those who have accumulated wealth rely on financial privacy to ensure their livelihood and their physical safety. The universal strategy for those who can afford to do so is to keep what they own well-protected and hidden-outside the country-in a jurisdiction that specializes in providing these services.

Complimentary New Book

New & Revised Edition
Asset Protection for Physicians and High-Risk Business Owners by Robert J. Mintz JD, LLM

Essential reading for every professional, business owner and potential deep-pocket lawsuit defendant.

Legal Services Request

Free Consultation:

Or call 760-758-4748 to schedule a phone consultation