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Protect Before You Build with Mark Pierce
Building wealth is only half the work. Protecting it is the part most people forget.
That's where this conversation starts. Dr. Felecia Froe sits down with Mark Pierce, a trust and LLC attorney with more than 42 years of experience in asset protection, complex tax planning, and state law strategies. Mark brings a unique perspective because he once worked on the other side, examining trusts and asset structures in bankruptcy court to see where they failed, so creditors could get to the money in them. Now, he uses that experience to help people build structures designed to withstand real pressure.
They talk about why owning assets in your personal name creates unnecessary risk, how LLCs and trusts work differently, and when women should start thinking about asset protection as they build wealth. Dr. Felecia asks the practical questions many investors may be wondering: Should you set up protection before you have significant wealth? What happens if you own rental property in your own name? How do LLCs protect you? What is the difference between a revocable living trust and an asset protection trust? And how do you maintain these structures once they are in place? This conversation is a reminder that building wealth is not just about making money. It is also about protecting what you are creating.
00:00 – What Bankruptcy Court Taught Mark About Asset Protection 08:30 – Why Trust Laws Have Changed 09:47 – The First Step in Protecting Real Estate Assets 13:20 – What Happens When Assets Are in Your Personal Name? 15:24 – LLCs, Trusts, and Protecting Wealth From Divorce 22:23 – Why a Wyoming Trust Can Matter Even If You Live Somewhere Else 23:55 – Who Actually Controls the Trust? 26:53 – When Is Asset Protection Worth the Cost? 30:23 – How Many Properties Should Go in One LLC? 32:10 – Which Retirement Accounts Are Protected From Creditors? 33:06 – Why You Need a Team Around Your Wealth 34:41 – Domestic Asset Protection Trusts, Private Family Trust Companies, and Purpose Trusts 37:17 – Revocable Living Trust vs. Asset Protection Trust 38:38 – How to Maintain the Trust Once It Is Set Up 40:48 – First Steps for Protecting What You're Building
You've worked hard to build your career. Now let's build wealth that outlives it.
You were born to build more than just wealth. You were born to lead, inspire, and rise. At Wealth B-Hers, we're redefining what it means to be financially fearless. Join a movement of bold women investing with intention, building legacies, and writing their own money rules.
Ready to take the first step?
Visit our website - moneywithmission.com/wealth-b-hers/
Connect with Mark!
Website: wyomingtrustattorney.com
Key Quotes:
"The easiest way to construct something and have it work is to know how it breaks." - Mark Pierce
"The law reacts differently to planning than it does to reacting." - Mark Pierce
View all episodes
By Felecia Froe
5
1818 ratings
Building wealth is only half the work. Protecting it is the part most people forget.
That's where this conversation starts. Dr. Felecia Froe sits down with Mark Pierce, a trust and LLC attorney with more than 42 years of experience in asset protection, complex tax planning, and state law strategies. Mark brings a unique perspective because he once worked on the other side, examining trusts and asset structures in bankruptcy court to see where they failed, so creditors could get to the money in them. Now, he uses that experience to help people build structures designed to withstand real pressure.
They talk about why owning assets in your personal name creates unnecessary risk, how LLCs and trusts work differently, and when women should start thinking about asset protection as they build wealth. Dr. Felecia asks the practical questions many investors may be wondering: Should you set up protection before you have significant wealth? What happens if you own rental property in your own name? How do LLCs protect you? What is the difference between a revocable living trust and an asset protection trust? And how do you maintain these structures once they are in place? This conversation is a reminder that building wealth is not just about making money. It is also about protecting what you are creating.
00:00 – What Bankruptcy Court Taught Mark About Asset Protection 08:30 – Why Trust Laws Have Changed 09:47 – The First Step in Protecting Real Estate Assets 13:20 – What Happens When Assets Are in Your Personal Name? 15:24 – LLCs, Trusts, and Protecting Wealth From Divorce 22:23 – Why a Wyoming Trust Can Matter Even If You Live Somewhere Else 23:55 – Who Actually Controls the Trust? 26:53 – When Is Asset Protection Worth the Cost? 30:23 – How Many Properties Should Go in One LLC? 32:10 – Which Retirement Accounts Are Protected From Creditors? 33:06 – Why You Need a Team Around Your Wealth 34:41 – Domestic Asset Protection Trusts, Private Family Trust Companies, and Purpose Trusts 37:17 – Revocable Living Trust vs. Asset Protection Trust 38:38 – How to Maintain the Trust Once It Is Set Up 40:48 – First Steps for Protecting What You're Building
You've worked hard to build your career. Now let's build wealth that outlives it.
You were born to build more than just wealth. You were born to lead, inspire, and rise. At Wealth B-Hers, we're redefining what it means to be financially fearless. Join a movement of bold women investing with intention, building legacies, and writing their own money rules.
Ready to take the first step?
Visit our website - moneywithmission.com/wealth-b-hers/
Connect with Mark!
Website: wyomingtrustattorney.com
Key Quotes:
"The easiest way to construct something and have it work is to know how it breaks." - Mark Pierce
"The law reacts differently to planning than it does to reacting." - Mark Pierce