The long-term goal of asset protection is to provide security against any threat to your wealth. So, how does estate protection do this? Asset Protection Helps Avoid LawsuitsNew York City is placed third on the annual list of “judicial hellholes” in the US. It boasts of individuals that have sued others more than 25 lawsuits…
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Humans beings are quite complicated characters. Our actions and reactions to the same events under different circumstances are mind-boggling. One of the things humans react very differently to is change. Change is a part of life; from your body aging to making and losing friends and family members, career, education, etc. Some changes happen due…
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Many people only have a vague idea of what happens when they get sued by say, a creditor that wants his money back, or by an ex-spouse that wants part of the estate after divorce. We need to review this process so that you understand how important it is to protect your assets the right…
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Some people might deem estate planning as a complicated procedure as it necessitates the use of confusing legal terms and documents. The extreme involvement of complex jargon related to law can make it quite difficult for most people to grasp how the entire process actually works. Therefore, we have prepared this mini-guide to assist you…
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You have heard it all – people take asset protection strategies to be meant for only a select group of people. Some people feel that their wealth is already safe, and nothing can harm it. This is such a naive attitude.Many people that have this attitude end up losing their assets in very simple ways.…
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You move away from home for the first time when you make your merry way off to college. After the four years of academics, who knows where life takes you. You may move back to your hometown or take a journey across the country to a completely new state. Many people in the United States…
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It is estimated that the US courts receive over 40 million lawsuits every year. We have seen many people face lawsuits and pay millions of dollars in damages. This doesn’t mean that they didn’t have an asset protection plan in place – it is just that they didn’t make it airtight. While mistakes happen, you…
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The quote above comes from Peter F. Drucker. It is quite a precise description of how important planning is. It should be as Drucker wrote and published a number of books around that subject. It’s true that some things are better left to chance. However, when it comes to big life decisions, it’s never too…
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We have asset protection plans – and we have excellent asset protection plans. The typical plan can be useful, but what differentiates it from awesome plans is that it takes into consideration principles that are supposed to dictate how the plan works. Today we look at the principles of a successful asset protection plan and…
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The birth of children, death of a family member, second marriage, divorce, illness, name changes, etc., is by no means indicating a sequence of life events. Nonetheless, most human beings experience more than one of these in their lifetime. Including your fluctuating – and hopefully improving – financial and healthcare situation are all big changes.…
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