I concur with what most have said, i.e. that it's extremely difficult to do because 1) courts will pierce the corporate/trust veil, 2) it's near-impossible to transfer any significant amount of money without leaving a paper trail. Also, 3) if you're a US citizen/resident most banks around the world want nothing to do with you and in any case will automatically report account details to the IRS.
An irrevocable trust may offer some protection, but you must give up all control. Trustees will charge fees which add up over the years. Even 1% per year adds up to 30% over the next 30 years! If you have a close, trusted relative (usually just your mother or father, others less closemay not be as trustworthy) as trustee that would be ideal. But your parents are older than you and won't be around forever. Buying a house for your parents may be a good solution (done long before you need the asset protection.) Protects you while they live and there may be nodeath tax when they die depending on where you and they live and where the real estate is located.
The existence of a trust (or owning real estate, a small business etc) may not be foolproof but makes the assets less attractive than a bank account (more legalfees for whoever's going after you.)
Not much you can do unfortunately. But not showing outward wealth does drive away gold diggers in the first place.
An irrevocable trust may offer some protection, but you must give up all control. Trustees will charge fees which add up over the years. Even 1% per year adds up to 30% over the next 30 years! If you have a close, trusted relative (usually just your mother or father, others less closemay not be as trustworthy) as trustee that would be ideal. But your parents are older than you and won't be around forever. Buying a house for your parents may be a good solution (done long before you need the asset protection.) Protects you while they live and there may be nodeath tax when they die depending on where you and they live and where the real estate is located.
The existence of a trust (or owning real estate, a small business etc) may not be foolproof but makes the assets less attractive than a bank account (more legalfees for whoever's going after you.)
Not much you can do unfortunately. But not showing outward wealth does drive away gold diggers in the first place.