Asset Protection Strategies

Understanding Asset Protection

Asset protection involves legally safeguarding an individual’s wealth from various threats and risks posed by people, entities, or institutions aiming to claim, seize, or tax those assets.

Identifying Risks

The approach to asset protection entails identifying potential risks, assessing events that could trigger these risks, and evaluating their likelihood and impact. Prioritizing the most probable and costly threats is essential.

Common Threats

Common threats include business creditors, ex-spouses, descendants’ ex-spouses, unwanted inheritors, tax authorities, lawsuits, and damage claims. It’s crucial to recognize that numerous legal circumstances can lead to the loss of wealth.

Tax Considerations

Taxation, especially in Spain, presents significant considerations. While certain taxes like capital gains or income tax are unavoidable, others, such as succession tax and wealth tax, unfairly burden foreigners. We meticulously analyze all potential risks to a family’s wealth, considering direct and indirect familial situations and the inheritance wishes of the ultimate owners, often unaware of Spain’s forced inheritance rules.

Comprehensive Tax Guide

Our detailed PDF guide offers comprehensive insights into Gift and Succession Tax, Wealth Tax, liabilities, responsibilities, deductions, exemptions, and more. It covers disabilities, successors, recent legal introductions, rates, domiciles, Trusts, Foundations, Funds, and other relevant structures.

Professional Expertise

The senior team at Global SRC Consulting includes accredited Chartered Accountants recognized in both England and Spain. Through our partnership with the Willwriters’ Association, we review the current structure of assets held by resident and non-resident asset-owners in Spain. We offer bespoke solutions for sound planning, new asset purchases, and retro-fitting existing assets to ensure comprehensive asset protection and tax optimization.