It's understood that once you have decided to marry and have children, you have to be prepared to pay for it if things go wrong.
Let's say you don't get married, don't move in together with a girl and are very serious about protection (from having kids), so the risk of getting screwed by the divorce/child support parasites is very low.
However, there are still risks of getting sued or losing your money some other way.
My question is this (actually, two questions):
-If you live in the US, how much net worth do you need to have to start considering using a foreign trust or other offshore asset protection schemes? Not an exact amount, but at least approximate. 100K? 1M? 10M? More?
-Same question, but if you are a US person and live overseas. For example, you bounce between Eastern Europe and SEA and run your online business. At what point (of income and/or net worth) does it make sense to set up offshore trusts or engage in other asset protection schemes in this case?
Let's say you don't get married, don't move in together with a girl and are very serious about protection (from having kids), so the risk of getting screwed by the divorce/child support parasites is very low.
However, there are still risks of getting sued or losing your money some other way.
My question is this (actually, two questions):
-If you live in the US, how much net worth do you need to have to start considering using a foreign trust or other offshore asset protection schemes? Not an exact amount, but at least approximate. 100K? 1M? 10M? More?
-Same question, but if you are a US person and live overseas. For example, you bounce between Eastern Europe and SEA and run your online business. At what point (of income and/or net worth) does it make sense to set up offshore trusts or engage in other asset protection schemes in this case?