Asset protection can protect your hard-earned money. It can provide security for you and your family in the future. Find out why asset protection is vital and how it can help protect your finances from predator creditors.
Why Asset Protection Works.
Contingent fee lawyers are more willing to go after someone with assets. If they can look on the Internet and discover that you own lots of assets, you make for a juicy target.
What you don’t own can’t be taken from you.
Understand the Basics of Asset Protection.
Protecting yourself with layers
Learn About Common Types of Liability and Risks.
Protecting your assets means understanding the liability you may face and the risks faced by those assets. Common types of liability include:
- business liabilities,
- negligence lawsuits,
- income tax debt,
- suits involving creditors or collection agencies,
- property disputes and more.
- Taking proactive steps can help protect you from these potential risks and safeguard your finances over time.
Establish an Appropriate Strategy for Your Situation.
Developing a strategy for protecting your assets starts with analyzing your current situation. Determine where you are most at risk and what potential liabilities you may face in the future—both personally and professionally.
Then ask yourself specific questions about how to best protect those assets from those risks. For example, figure out what transfer techniques would work best and if there is anything you need to do immediately.
Every lawsuit protection plan should be tailored to fit your individual needs. It should take into account your particular industry and level of risk exposure.
Why Asset Protection Is Heavily Marketed.
Asset protection companies make tons of money selling solutions to people who are scared of being wiped out by creditors. An offshore asset protection trust can cost $20,000 to $40,000 to set up. Plus there are annual fees owed to the offshore trust company.
(Our strategies are trie-and-true, and cost half that amount, with no annual fees.)
When it comes to your wealth, you should always be sure that the strategies you use are legal and reliable. Do your due diligence. And make sure any strategy you consider is backed by legal precedent before investing in it.
Do You Want Bulletproof Protection Supported By Generations of Case Law?
We use techniques that are proven to work. For example, our Asset Vault Trust is a type of Special Power of Appointment Trust that has worked for generations. It has withstood attacks in every state and even by the federal government. There are no cases saying that it does not work.
Compare that to Asset Protection Trusts and Bridge Trusts that have cases demonstrating their weaknesses. Even offshore asset protection trusts have been defeated by U.S. courts.
If you want bulletproof, proven protection, give us a call at 602-443-4888.