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Sudden Wealth Blog

Superior Asset Protection: Protect Your Net Worth

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Protecting your net worth from potential risks is one of the most important things you can do for yourself and your family. Superior asset protection strategies can help protect your financial future, minimizing taxes and safeguarding investments against creditors or lawsuits.

Understand the Types of Threats to Your Assets.

Before creating an asset protection plan, it is important to understand the threats to your assets. These include lawsuits, taxes, creditors, liens, divorces and other financial catastrophes. By knowing what potential risks you may face, you can craft an effective strategy for protecting your wealth over the long term.

Protect Your Assets From Lawsuits

One of the best ways to protect your net worth from potential legal involvement is to use strategies that shield assets from creditors and lawsuits. This could include incorporating a business, setting up limited liability companies (LLCs), forming trusts, or utilizing debt pay-down strategies. While these may not be full-proof methods for protecting your assets, they can help limit attachment of assets and offer more robust protection than unprotected ownership models.

Get Peace of Mind in Uncertain Times

Asset protection can help you gain peace of mind in times of financial uncertainty, allowing you to rest easier knowing that your net worth is safely guarded. It can also free up more cash for your other goals, such as investing or starting a business. With superior asset protection strategies in place, you have one less thing to worry about and more time and money to focus on the ventures that could increase your wealth even further.

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Get Your Own Customized Asset Protection Strategy

An individualized asset protection strategy is the best way to ensure your net worth is protected from potential lawsuits, creditors, and taxes. A customized asset protection plan should be tailored to fit your unique needs and situation, taking into account all of your assets, liabilities, income sources, and financial goals. Working with an experienced asset protection attorney can help you design a plan that meets all legal requirements and guards against any potential risks or losses.

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Who Needs Asset Protection

Asset protection is a key measure for anyone who wants to protect their net worth and investments. This includes individuals with high net worth, such as entrepreneurs, business owners, and real estate investors; those who are in industries open to potential litigation; or those with complicated financial structures and tax liabilities. Developing an asset protection plan can help safeguard your assets from creditors, bankruptcy proceedings, and other losses.

 

Also, think about your family. Do you want to have to tell your spouse that you need to move because you need to file bankruptcy? Do you want to tell your kids that their college savings is gone because of creditors?

Why Should You Use Us?

We are dedicated to securing your legacy. Your goals and priorities are at the forefront of all we do, as your legacy reflects who you are and what is most important to you.

We Use Proven Methods That Actually Work.

Many so-called “asset protection” providers who sell ineffective methods that courts across the U.S. have rejected. For instance, despite the name, “asset protection trusts” do not actually protect your assets except in very rare situations. And “bridge trusts” also have flaws.

We only use superior asset protection strategies that have stood the test of time and are effective in all states and even in federal court.

Your wealth can be an easy target for frivolous lawsuits.

Civil litigation has become an attractive source of profit for lawyers. How much do lawsuits cost you? Nationwide, the cost of litigation hit $429 billion, or 2.3 percent of U.S. gross domestic product in 2016. That’s $3,300 per household! (This is according to a study by the U.S. Chamber of Commerce’s Institute for Legal Reform.)

We make it difficult for predatory lawyers to target you.

We use legal asset protection tools and methods that have been tested for over 20 years. We protect your assets from attack, while still giving you full control and use of your assets.

Only one extra tax return, no gimmicks.

Our superior asset protection typically requires only one extra tax return on your part. Other companies may offer alternatives that become expensive and complicated over time.

Schedule Your Superior Asset Protection Consultation Today!

Send us your contact info, and we’ll get back in touch to schedule your Strategy Session.

ABOUT THE AUTHOR

Founding attorney Paul Deloughery has been an attorney since 1998, became a Certified Family Wealth Advisor. He is also the founder of Sudden Wealth Protection Law.

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