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[Alex Balashov]

The asset protection entities are completely legal.  There's nothing 
"wrong" ipso facto with doing it.

The question is only whether they will succeed in protecting your assets 
when your assets are actually challenged.  It depends on the size and 
scope of the judgment, the circumstances in which it takes place, the 
quality and nature of the litigation, and so on.

It is the gulf between the theoretical and the de facto that I am 
attempting to illuminate.  In practise, in situations where courts and 
plaintiffs are most rabidly after your assets (i.e. bankruptcies of 
various stripes), merely having them owned by entities other than the 
one being sued may not be enough.

-- 
Alex Balashov
Evariste Systems
Web    : http://www.evaristesys.com/
Tel    : (+1) (678) 954-0670
Direct : (+1) (678) 954-0671
Mobile : (+1) (706) 338-8599