Stop Creditors: Stash your Cash in Switzerland
If you are reading my blog, you are probably here because you’ve got creditors knocking at your door. Maybe you are looking at losing your home, your car, or even your furniture. While there are solutions to your problems, many are dramatic (like bankruptcy) or expensive (like moving to Florida and purchasing a homestead). To avoid worrying about creditors stealing your hard earned money and selling your assets out from under you, you should stash your cash somewhere safe. And the safest place to stash your cash? Not surprisingly, Switzerland. In these internet days, all you need to set up a Swiss Annuity is an internet connection.
If you live in Florida, your annuities (even annuities between family members) are generally considered safe. There are exceptions, which is why Switzerland (and Liechtenstein) are great choices: their annuities are like an impenetrable fortress–their laws protect annuities from creditors in outside countries like the United States. You’ll sleep better knowing that your future is safely held by a country long known for its reasonable asset protection laws.
Jean-Francois Meillard, a chartered accountant from Switzerland and author of The Consumer’s Guide to Swiss Annuities
calls Swiss annuities “worry free saving.” A Swiss annuity is one of the safest forms of investments, no Swiss bank has ever gone out of business (unlike here in the United States), and Switzerland’s tough consumer protection laws have been in place for over 100 years.
You can think of an annuity as part life insurance, part retirement savings. Once you reach a certain age, the annuity will pay out. But unlike a traditional retirement plan, your annuity is safe from creditors, no matter where you live in the US. You must purchase the policy at least one year before any collections proceedings take place (so you can’t use it to hide assets once a judgment has been issued).
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