Liquidation Assets Protections Board

If you are looking for a way to protect your assets from creditors, lawsuits, or bankruptcy, you may have come across a company called Liquidation Assets Protections Board (LAPB). They claim to offer a legal and effective solution to shield your wealth from any potential threats. But are they a scam or a legitimate service?

In this blog post, we will review LAPB’s website, services, fees, testimonials, and reputation. We will also compare them with other asset protection options and give you our honest opinion on whether they are worth your time and money.

What is LAPB?

LAPB is a company that claims to provide asset protection services for individuals and businesses. According to their website, they use a “unique and proprietary” method that involves creating a trust in a foreign jurisdiction and transferring your assets to it. They claim that this way, your assets will be out of reach of any creditors, lawsuits, or bankruptcy proceedings in your home country.

LAPB says that their method is legal, ethical, and compliant with all international laws and regulations. They also say that their trust is irrevocable, meaning that you cannot change or cancel it once it is set up. They claim that this gives you more security and peace of mind than other asset protection strategies.

How does LAPB work?

LAPB’s website provides a brief overview of how their service works. Here are the main steps:

• You contact LAPB and fill out an online form with some basic information about yourself and your assets.
• LAPB assigns you a personal consultant who will guide you through the process and answer any questions you may have.
• LAPB creates a trust in a foreign jurisdiction (they do not specify which one) and transfers your assets to it. They say that this can be done in as little as 24 hours.
• LAPB provides you with a certificate of trust ownership and a trust deed that proves that you are the beneficiary of the trust.
• LAPB charges you a one-time fee for setting up the trust and an annual maintenance fee for keeping it active.
• You enjoy the benefits of having your assets protected from any legal or financial threats in your home country.

What are the benefits of LAPB?

LAPB claims that their service offers several benefits for their clients, such as:

• Protection from creditors, lawsuits, bankruptcy, divorce, inheritance taxes, and other legal or financial risks.
• Privacy and confidentiality of your personal and financial information.
• Flexibility and control over your assets. You can access them anytime, anywhere, and use them as you wish.
• No reporting requirements or tax implications in your home country.
• Low fees and high returns compared to other asset protection options.

What are the drawbacks of LAPB?

While LAPB sounds like an attractive option for protecting your assets, there are also some drawbacks and risks that you should be aware of before signing up for their service. Some of them are:

• Lack of transparency and credibility. LAPB does not provide any details about their company background, location, staff, or legal status. They do not disclose which foreign jurisdiction they use for their trusts or how they comply with its laws and regulations. They do not have any verifiable testimonials or reviews from their clients or any independent third-party endorsements or accreditations.
• High fees and hidden costs. LAPB charges a one-time fee of $9,999 for setting up the trust and an annual maintenance fee of $1,999 for keeping it active. These fees are much higher than other asset protection options such as offshore bank accounts, LLCs, or trusts in reputable jurisdictions. Moreover, LAPB does not mention any additional costs that may arise from transferring your assets to the trust, such as wire transfer fees, currency conversion fees, or taxes in the foreign jurisdiction.
• Irrevocability and loss of control. LAPB says that their trust is irrevocable, meaning that you cannot change or cancel it once it is set up. This means that you are giving up all rights and ownership over your assets to an unknown entity in an unknown location. You are relying on LAPB’s goodwill and honesty to manage your assets and honor your wishes as the beneficiary. If something goes wrong or if LAPB turns out to be a scam, you may lose access to your assets forever.
• Legal and tax consequences. LAPB says that their service is legal and compliant with all international laws and regulations. However, this may not be true depending on your home country’s laws and tax treaties with the foreign jurisdiction where the trust is located. You may still be liable for taxes on your assets in your home country or face penalties for not reporting them to the authorities. You may also face legal challenges from your creditors or other parties who may claim that you transferred your assets fraudulently or illegally to avoid paying them.

Is LAPB a scam?

Based on our research and analysis, we have serious doubts about LAPB’s legitimacy and reliability. We have not found any evidence that they are a registered and licensed company or that they have a proven track record of providing asset protection services. We have also not found any positive feedback or reviews from their clients or any independent third-party verification or endorsement of their service.

On the contrary, we have found several red flags and warning signs that suggest that LAPB may be a scam or a fraudulent scheme. Some of them are:

• Their website is poorly designed and contains many grammatical and spelling errors.
• Their website does not have a secure connection (HTTPS) or a privacy policy or terms and conditions page.
• Their website does not provide any contact information such as a physical address, phone number, or email address. The only way to reach them is through an online form.
• Their website uses stock photos and generic content that can be easily copied from other sources.
• Their website makes unrealistic and exaggerated claims about their service and its benefits without providing any evidence or explanation.
• Their fees are exorbitant and disproportionate to the value and quality of their service.
• Their trust is irrevocable and gives you no control or ownership over your assets.

Therefore, we advise you to be very careful and cautious before dealing with LAPB or any similar company that offers asset protection services. We recommend that you do your own research and due diligence before transferring your assets to any foreign entity or jurisdiction. We also suggest that you consult with a qualified and reputable lawyer, accountant, or financial advisor who can advise you on the best and safest way to protect your assets.

Conclusion

In conclusion, LAPB is a company that claims to provide asset protection services for individuals and businesses. They claim to use a unique and proprietary method that involves creating a trust in a foreign jurisdiction and transferring your assets to it. They claim that this way, your assets will be out of reach of any creditors, lawsuits, or bankruptcy proceedings in your home country.

However, we have found many reasons to doubt LAPB’s legitimacy and reliability. We have not found any proof that they are a registered and licensed company or that they have a proven track record of providing asset protection services. We have also not found any positive feedback or reviews from their clients or any independent third-party verification or endorsement of their service.

On the contrary, we have found several red flags and warning signs that suggest that LAPB may be a scam or a fraudulent scheme. They do not provide any details about their company background, location, staff, or legal status. They do not disclose which foreign jurisdiction they use for their trusts or how they comply with its laws and regulations. They charge exorbitant fees and hidden costs for setting up the trust and keeping it active. They make their trust irrevocable and give you no control or ownership over your assets. They may expose you to legal and tax consequences in your home country or in the foreign jurisdiction where the trust is located.

Therefore, we advise you to be very careful and cautious before dealing with LAPB or any similar company that offers asset protection services. We recommend that you do your own research and due diligence before transferring your assets to any foreign entity or jurisdiction. We also suggest that you consult with a qualified and reputable lawyer, accountant, or financial advisor who can advise you on the best and safest way to protect your assets.