Confidential Law - Asset Protection

ASSET PROTECTION

DO YOU HAVE ANGRY CREDITORS?

ARE YOU VULNERABLE TO LAW SUITS?

ARE YOUR ASSET EXPOSED?

MAKE THEM INVISIBLE!

The average person of means, with significant assets, can expect to be sued 5 times during his life! Not necessarily because of stupidity. Not necessarily because of negligence. Not necessarily because of any fault other than owning assets someone else envies.

We live in a litigation-prone society where profiting from false claim or a nuisance suit is almost socially acceptable. It is possible to lose all of one's core assets in such suits and to lose control of them by judicial decree even before the trial. therefore it is important to protect at least the core assets you work a lifetime to acquire. The problem is that many protection devices just don't work well.

For instance:

: Suppose you incorporate your business to shield your personal assets
from creditors of your business.

- First,-this doesn't protect the corporate assets. Could you afford to lose all the corporate asset?

- Second,-unless you hold corporate meetings, keep up with corporate formalities, never sign documents personally and always respect the corporate identity, any court can pierce the corporate veil and give creditors access to your personal assets any way!!

The lesson is - although you may need a local corporation to do business this is not a reliable way to really protect business or personal assets.

: Perhaps you own assets as tenants by the entireties (as husband
and wife)

- First,-this is no protection if both spouses are liable (a slip and fall, a co-signed debt or contract etc.) because a creditor of both can break the co tenancy and sell the property.

- Second a recent Supreme Court decision has said the IRS may now break a tenancy by the entireties and it is only a matter of time before other types of creditors are able to also.

The lesson is-don't use spouses or family members to try to protect assets. That kind of strategy only ensures that family members will be sued with you and subpoenaed into court.

    : The same could be said of family Limited partnerships. They have their
      uses for tax savings and income spreading but offer nothing in the way
      of asset protection or privacy, and the IRS just invalidated most of them       anyway.

: IRA's, Keoghs and 401K's are all contracts with the government and
offer nothing on the asset protection or privacy side.

    :Offshore trusts offer some asset protection features but are terribly
     expensive and are on the IRS's hit list. At $50,000 for formation and
     $15,000+ annual maintenance-only the super rich can afford them (like
     Michael Jackson or OJ) and the IRS will eventually prevail anyway.

But there is a better way. A simpler, cheaper, tired and proven way to get bullet proof asset protection and privacy at a reasonable cost,-from an organization devoted to your peace of mind.

As an attorney I investigated this company and their concepts thoroughly before agreeing to represent them. it is truly bullet proof. If you have or will have angry creditors, disgruntled employees, merciless judges, the IRS or an angry spouse in your life,-you owe it to yourself to come in for a consultation on Bullet Proof Asset Protection.

Don't make the mistake of waiting for trouble to happen before you act. then it may be too late. You must be protected before your creditors begin their assault on you! Call today!



		ASSET PROTECTION DO YOU HAVE ANGRY CREDITORS? ARE YOU VULNERABLE TO LAW SUITS? ARE YOUR ASSET EXPOSED? MAKE THEM INVISIBLE! The average person of means, with significant assets, can expect to be sued 5 times during his life! Not necessarily because of stupidity. Not necessarily because of negligence. Not necessarily because of any fault other than owning assets someone else envies. We live in a litigation-prone society where profiting from false claim or a nuisance suit is almost socially acceptable. It is possible to lose all of one's core assets in such suits and to lose control of them by judicial decree even before the trial. therefore it is important to protect at least the core assets you work a lifetime to acquire. The problem is that many protection devices just don't work well. For instance: : Suppose you incorporate your business to shield your personal assets from creditors of your business. - First,-this doesn't protect the corporate assets. Could you afford to lose all the corporate asset? - Second,-unless you hold corporate meetings, keep up with corporate formalities, never sign documents personally and always respect the corporate identity, any court can pierce the corporate veil and give creditors access to your personal assets any way!! The lesson is - although you may need a local corporation to do business this is not a reliable way to really protect business or personal assets. : Perhaps you own assets as tenants by the entireties (as husband and wife) - First,-this is no protection if both spouses are liable (a slip and fall, a co-signed debt or contract etc.) because a creditor of both can break the co tenancy and sell the property. - Second a recent Supreme Court decision has said the IRS may now break a tenancy by the entireties and it is only a matter of time before other types of creditors are able to also. The lesson is-don't use spouses or family members to try to protect assets. That kind of strategy only ensures that family members will be sued with you and subpoenaed into court. : The same could be said of family Limited partnerships. They have their uses for tax savings and income spreading but offer nothing in the way of asset protection or privacy, and the IRS just invalidated most of them anyway. : IRA's, Keoghs and 401K's are all contracts with the government and offer nothing on the asset protection or privacy side. :Offshore trusts offer some asset protection features but are terribly expensive and are on the IRS's hit list. At $50,000 for formation and $15,000+ annual maintenance-only the super rich can afford them (like Michael Jackson or OJ) and the IRS will eventually prevail anyway. But there is a better way. A simpler, cheaper, tired and proven way to get bullet proof asset protection and privacy at a reasonable cost,-from an organization devoted to your peace of mind. As an attorney I investigated this company and their concepts thoroughly before agreeing to represent them. it is truly bullet proof. If you have or will have angry creditors, disgruntled employees, merciless judges, the IRS or an angry spouse in your life,-you owe it to yourself to come in for a consultation on Bullet Proof Asset Protection. Don't make the mistake of waiting for trouble to happen before you act. then it may be too late. You must be protected before your creditors begin their assault on you! Call today!