Your Powerful Shield Against Asset Risks in California
The world of asset protection is complex, and often, options involve transferring ownership or making irrevocable decisions. However, California residents have access to a unique, little known, yet potent creditor exemption statute that protects a Californian’s “can’t-lose” retirement assets: The Private Retirement Trust® (PRT®). Designed specifically to leverage a long-standing California state statute, the PRT® converts vulnerable non-exempt assets into exempt retirement assets, providing robust protection and the ability to maintain/sustain your lifestyle needs through your retirement years.
Comprehensive Protection Through California’s Private Retirement Trust®
The world of asset protection is complex, and often, options involve transferring ownership or making irrevocable decisions. However, California residents have access to a unique, little known, yet potent creditor exemption statute that protects a Californian’s “can’t-lose” retirement assets: The Private Retirement Trust® (PRT®). Designed specifically to leverage a long-standing California state statute, the PRT® converts vulnerable non-exempt assets into exempt retirement assets, providing robust protection and the ability to maintain/sustain your lifestyle needs through your retirement years.
Key Benefits of The Private Retirement Trust®
The PRT® offers several remarkable benefits, including:
- Unrivalled Immediate and absolute exemption protection without the need to irrevocably “give away” the underlying asset
- Self-direction of PRT® funding and investments, even including private business interests
- Continuous protection of all PRT® distributions, regardless of future planning needs
- Complete protection of plan assets from lawsuits and judgments, even in bankruptcy situations
- No requirement to cover other employees
- Absence of annual IRS filings
What The Private Retirement Trust® Does Not Do
The PRT® does not provide tax deductions as it is tax-neutral. Owners pay taxes as if they owned the asset in their own name. Also, it does not remove assets from the taxable estate. The assets are included in a client’s estate as a retirement benefit during their lifetime. However, this issue can be easily addressed with advanced planning, if necessary. The PRT® also does not invoke fraudulent conveyance by evading creditors. Instead, it simply maximizes state “creditor exemptions” available to all Californians under California law.
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Simple, flexible, cost-effective, and potent—The Private Retirement Trust® is an exceptional tool for Californians seeking to legally and effectively protect those assets that they will be looking to live a happy and comfortable retirement. With the PRT®, you get a dynamic exemption-protection mechanism tailored for the nuances of California law, providing you with peace of mind for your financial future.