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In terms of shielding assets, Joe Paterno is neither better nor worse off now than he was before he sold the house to his wife.
The information he provided was crucial to blowing the lid off Swiss bank secrecy, helping the I.R.S. and other countries pry information from banks about foreign clients that has largely undermined a tradition of shielding assets that goes back centuries.
Money put in trusts for heirs is another way to shield assets.
Still, a big reason to set up these accounts is to shield assets from future litigation.
Doctors often set up the accounts, allowing them to shield assets if they are sued for malpractice.
(Then again, a good lawyer attempting to shield assets would want to leave all of those marks).
She said the court had a hard time determining his income because he used a corporation to shield assets.
Strict banking-secrecy rules in some of them can shield assets from the taxman as well as afford protection from unscrupulous governments.
It was bought for "succession planning," according to Mr. Rybolovlev — not to shield assets in the divorce from his wife, Elena, as she has contended in divorce documents.
Given that Enron is based in Houston, the possibility exists that executives could use the exemption to shield assets if they filed for bankruptcy.
Under the bankruptcy bill -- passed overwhelmingly by Congress -- wealthy debtors would no longer be able to shield assets to avoid repaying their debts.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com