If the transfer was made to avoid paying known creditor claims, then refer to

The Uniform Fraudulent transfers Act states:

SECTION 4. TRANSFERS FRAUDULENT AS TO PRESENT AND
FUTURE CREDITORS.
(a) A transfer made or obligation incurred by a debtor is fraudulent as to a
creditor, whether the creditor’s claim arose before or after the transfer was made or
the obligation was incurred, if the debtor made the transfer or incurred the
obligation:
(1) with actual intent to hinder, delay, or defraud any creditor of the
debtor; or
(2) without receiving a reasonably equivalent value in exchange for the
transfer or obligation, and the debtor:
(i) was engaged or was about to engage in a business or a transaction
for which the remaining assets of the debtor were unreasonably small in relation to
the business or transaction; or
(ii) intended to incur, or believed or reasonably should have believed
that he [or she] would incur, debts beyond his [or her] ability to pay as they became
due.
(b) In determining actual intent under subsection (a)(1), consideration may
be given, among other factors, to whether:
(1) the transfer or obligation was to an insider;
(2) the debtor retained possession or control of the property transferred
after the transfer;
(3) the transfer or obligation was disclosed or concealed;
(4) before the transfer was made or obligation was incurred, the debtor
had been sued or threatened with suit;
(5) the transfer was of substantially all the debtor’s assets;
(6) the debtor absconded;
(7) the debtor removed or concealed assets;
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(8) the value of the consideration received by the debtor was reasonably
equivalent to the value of the asset transferred or the amount of the obligation
incurred;
(9) the debtor was insolvent or became insolvent shortly after the
transfer was made or the obligation was incurred;
(10) the transfer occurred shortly before or shortly after a substantial
debt was incurred; and
(11) the debtor transferred the essential assets of the business to a lienor
who transferred the assets to an insider of the debtor.

The best asset protection planning is to put your assets somewhere that people can not find them or reach them. Try putting them in the Middle East!

Sound like the mere fact that the assets are located in the foreign country is asset protection. If thats the case do you even need a trust? Also, what are the filing requirements for holding foreign assets.

YOu can also put money into a variable annuity or life insurance policy to avoid creditors and create asset protection.