Digital Social Hour
Offshore Trusts: The Secret to Asset Protection | Blake Harris DSH #1319
Sat, 12 Apr 2025
Discover the secret to safeguarding your wealth with offshore trusts! 🌍💼 In this episode of **Digital Social Hour**, Sean Kelly sits down with the renowned Blake Harris to unveil the game-changing strategies behind **asset protection**. From shielding your assets from lawsuits to understanding the benefits of Cook Islands and Swiss bank accounts, this conversation is packed with valuable insights you can’t afford to miss! 💸✨ Are offshore trusts ethical? How do they work? Blake breaks it all down, sharing expert tips on avoiding legal pitfalls, protecting crypto, and even navigating the world of prenups and trust fund planning. Whether you're a business owner, media personality, or just someone looking to secure your financial future, this episode is a must-watch! 🙌 👉 Tune in now and join the conversation. Don’t miss out on these insider secrets! Watch now and subscribe for more eye-opening stories on the **Digital Social Hour with Sean Kelly**! 📺🚀 CHAPTERS: 00:00 - Intro 00:27 - Importance of Asset Protection 04:22 - Ethics of Offshore Trusts 07:05 - Safety of Swiss Bank Accounts 10:00 - Lumati: Hydrogen Water Bottle 12:02 - Assets Subject to Lawsuits 14:40 - Adding Family Members to Trusts 16:50 - Benefits of Asset Protection Planning 17:42 - Estate Administration Process 18:38 - Consequences of Poor Asset Protection 22:34 - Ely's Business Journey 26:36 - Offshore Asset Protection in Dubai 27:23 - Cryptocurrency Considerations 28:30 - Collecting from a Lawsuit 31:27 - Power of the Cook Islands 32:57 - Becoming a Client of Blake APPLY TO BE ON THE PODCAST: https://www.digitalsocialhour.com/application BUSINESS INQUIRIES/SPONSORS: [email protected] GUEST: Blake Harris https://www.instagram.com/blakeharrislaw SPONSORS: NORTHWEST REGISTERED AGENT: https://www.northwestregisteredagent.com/socialhour LUMATI: https://www.lumati.com/dsh LISTEN ON: Apple Podcasts: https://podcasts.apple.com/us/podcast/digital-social-hour/id1676846015 Spotify: https://open.spotify.com/show/5Jn7LXarRlI8Hc0GtTn759 Sean Kelly Instagram: https://www.instagram.com/seanmikekelly/ #nevistrust #financialeducation #assetsafeguarding #domesticvsoffshoretrusts #howtostartanllc
Chapter 1: What is the importance of asset protection?
Crypto doesn't lie. Crypto doesn't lie. There's a permanent record of it on the blockchain. And I do believe in this thing called karma. I mean, I support people who take some risky bets, but you got to be careful which bets you're taking and betting that the United States, the USA, unlimited surveillance of Americans isn't going to find out it's a risk of death.
Yeah. All right, guys, from Miami, we got Blake Harris. We're going to talk asset protection. Very important thing to have these days, right?
I certainly think so in a world where litigation is pretty much a badge of success. If you are successful enough in the United States, you can expect to be sued. Asset protection is very important.
Chapter 2: Are offshore trusts ethical?
yeah i used to have the belief that if you were successful and you did good business you wouldn't get sued that's a very common misconception and i have heard that before oh i don't need asset protection i'm an upstanding business person well you may be an upstanding business person but the person who just signed a three-year contract with may not be they may use the legal system they may weaponize it against you and you don't want to be unprepared yeah seems like these days it's very weaponized i don't know if it's always been like that with the legal system
it i think is happening more lately i've been getting more calls from people who are involved in politics some ways not necessarily politicians but in some way commentators or in the media and they're concerned that if they are sued they're going to get a jury that finds against them not because they've done anything wrong but because someone disagrees with their political beliefs or you've done something else to
upset someone, even if there's not a legitimate claim, simply having to defend a lawsuit is going to be a very expensive and time-consuming process. And what ends up happening is a lot of people who, even if they've done nothing wrong, they end up paying settlement because it's just cheaper to pay a settlement than it is the cost and the time associated with trying to defend a case.
Chapter 3: How safe are Swiss bank accounts?
And what ends up happening is we see people who become victims of what I call legal extortion. They're just paying out these settlements because it's cheaper to pay something out than it is to actually defend deal with fighting it.
Yeah. That happened to me last year. I just wanted to settle because I knew it would drag on for years because the financial reason is one part, but also the stress.
And yes. And Sean, you're a target. I'd work with quite a few people in social media. Asset protection used to be just doctors, healthcare professionals, and then expansion attorneys, engineers. Now it's a lot of different professions, but we're seeing more and more people in the media. And I think it's great. Those of us who are willing to go out there and put ourselves out in the
and say things and stand by them on video. But with that, you are inviting a lot of liability. So you definitely want to have a shield up if you're playing this game.
Absolutely. Candace Owens just got hit with another lawsuit yesterday.
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Chapter 4: What assets are subject to lawsuits?
I haven't heard about that one yet, but I might be getting a call before too long from now.
Yeah. I mean, when you're getting that many views, you're just naturally going to piss off certain people, right?
Chapter 5: Can family members be added to trusts?
Yep. I mean, it's the bigger the empire grows, the more opportunities there are for attack.
Yeah. I know you made a couple of videos on Andrew Tate, right? On YouTube.
Chapter 6: What are the benefits of asset protection planning?
Yes, I did. I stopped because those videos would keep getting flagged. But this is your podcast. So if we're not afraid to... Actually, he was on the podcast a few weeks ago.
Well, my pod with him got age restricted. Oh, did it? Yeah. It would have got millions of views. But yeah, it stopped at like 300k because of that.
Oh, wow. Okay. That's interesting. I'm not surprised about that. Andrew, what he speaks about in his videos, and so what I'm saying is simply public knowledge already, is he talks about having a lot of different bank accounts, which is something I certainly advocate for.
If you're American, you live in America, you work in America, you're successful here, it is definitely wise to have money in other places. And that's true regardless of where you are, Europe, Asia, having money in multiple locations makes you harder to attack, makes it harder for someone to take away.
What I haven't heard Andrew talk about too much in his videos, though I have heard him mention the Cook Islands before and Belize and other places we do business, is actually having the assets not just outside of your home country, but also held in a structure so that they cannot be taken away from you. And this is where my firm comes in and we set up asset protection trust.
We work in several different countries. We do most of our business in Cook Islands and the Nevis. And we do quite a bit of business down in Belize as well. And we're setting up self-settled asset protection trust so that our clients can still invest their money. They can take out money as they wish, but they end up going through any type of lawsuit or litigation. We can keep their assets safe.
Without being said, is it ethical to set up an offshore trust? You know, as soon as somebody starts a business here in the United States, the first thing somebody is going to tell you is go out and form an LLC to prevent yourself from being sued.
As your assets grow, maybe you've got a few hundred thousand dollars, someone's going to say, well, set up a trust for your children or set up a trust for yourself to keep yourself protected from lawsuits. Nobody questions the ethics of that. But as soon as you introduce offshore people's lights go on and say, wait a second, is this okay? And what I'm about to say, Sean, it's not true for you.
It's not true for me. It's not true for the viewers and listeners of the podcast. But for most Americans, most Americans are very narrow minded. Starting a business shouldn't be complicated.
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Chapter 7: How does cryptocurrency factor into asset protection?
Chapter 8: What are the consequences of poor asset protection?
Oh, wow. Okay. That's interesting. I'm not surprised about that. Andrew, what he speaks about in his videos, and so what I'm saying is simply public knowledge already, is he talks about having a lot of different bank accounts, which is something I certainly advocate for.
If you're American, you live in America, you work in America, you're successful here, it is definitely wise to have money in other places. And that's true regardless of where you are, Europe, Asia, having money in multiple locations makes you harder to attack, makes it harder for someone to take away.
What I haven't heard Andrew talk about too much in his videos, though I have heard him mention the Cook Islands before and Belize and other places we do business, is actually having the assets not just outside of your home country, but also held in a structure so that they cannot be taken away from you. And this is where my firm comes in and we set up asset protection trust.
We work in several different countries. We do most of our business in Cook Islands and the Nevis. And we do quite a bit of business down in Belize as well. And we're setting up self-settled asset protection trust so that our clients can still invest their money. They can take out money as they wish, but they end up going through any type of lawsuit or litigation. We can keep their assets safe.
Without being said, is it ethical to set up an offshore trust? You know, as soon as somebody starts a business here in the United States, the first thing somebody is going to tell you is go out and form an LLC to prevent yourself from being sued.
As your assets grow, maybe you've got a few hundred thousand dollars, someone's going to say, well, set up a trust for your children or set up a trust for yourself to keep yourself protected from lawsuits. Nobody questions the ethics of that. But as soon as you introduce offshore people's lights go on and say, wait a second, is this okay? And what I'm about to say, Sean, it's not true for you.
It's not true for me. It's not true for the viewers and listeners of the podcast. But for most Americans, most Americans are very narrow minded. Starting a business shouldn't be complicated.
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