Global Reserve and Finance, Ltd. Clarifies Why the Emphasis on Privacy

(SANEPR.com) June 3, 2009 -- FOR IMMEDIATE RELEASE
May 29, 2009

Global Reserve and Finance, Ltd. Clarifies Why the Emphasis on Privacy

(Auckland, New Zealand – May 29, 2009) It's personal. It's private. And it's no one's business but yours…
These days, professionals as well as business and property owners all face increased risk from out-of-control jury awards and zealous regulators. If you are ever involved in litigation, your insurance should cover some of your losses, but sometimes that is not enough. People who have been sued could lose everything that they have worked their whole lives to build up; the risk is compounded if they are near retirement age. People who are financially well off are even more at-risk for lawsuits, solicitors, swindlers, and in some cases extortion.

“If you open yourself up like a book, you are inviting almost anyone to potentially take advantage of you. Individuals need their privacy; the more people know about you, the more power they have over you. Anyone who is interested in not being forced into future subservient relationships or potentially precarious situations should be cautious on how they display their wealth and assets,” states a representative at Global Reserve and Finance, Ltd. Asset protection goes hand in hand with privacy, and it entails protecting what is yours from those who have not earned it.

Asset protection planning is a process by which you organize your assets--personal, business and/or professional--and employ legal tools, common sense, and out-of-the-box thinking to guard against risk of future creditors, complainants, and plaintiffs. Asset protection techniques are designed to deter others from going after you, and discourage them if they do, generally by making it difficult or impossible for them to take hold of your assets or collect judgments against you.

“By incorporating the element of privacy into your daily routine, you are protecting yourself. Whether it’s an unwarranted vengeful plaintiff, or as extreme as a racketeer, or as harmless as a cold calling solicitor; if they don’t know you have anything worthwhile, then from outward appearance there is nothing to go after.”

If you know that you will face some legal or financial troubles in the future, like divorce or bankruptcy, you may need to protect your assets. By moving assets off-shore, they are kept out of the reach of creditors and litigators. For example, US Judges and those in other locations do not have jurisdiction over foreign corporations. Local judges cannot legally compel a foreign foundation or I.B.C. to release funds to your judgment creditor.

It is also a good idea to integrate asset protection into your estate and tax planning; and, like a portfolio, asset protection should be diversified. Corporations, foundations, and insurance policies only work if they are done properly and maintained properly. There may also be serious tax consequences that make some options better than others. Global Reserve and Finance provides sound and logical recommendations when it comes to privacy and asset protection planning.

About Global Reserve and Finance:

Global Reserve and Finance Ltd. is headquartered and incorporated under the laws of New Zealand. In accordance, Global Reserve and Finance must comply with the Companies Act 1933, the Fair Trading Act 1986, the Financial Reporting Act 1993, as well as other consumer protection legislation. The company offers CD’s, savings accounts, commercial lending, estate planning, and access to hedge fund and trading platform services. To learn more about GRF visit their website - http://www.globalreserve.co.nz.