PSA: the BEST time to do asset protection planning is before you NEED asset protection planning. As in, don’t wait until after you are threatened with a lawsuit to look into planning. I saw someone in this arena estimate that 85% of the people looking to set up an asset protection plan already have an existing legal threat. Here’s our friendly reminder to not wait using our favorite storm metaphor. Being successful in America makes you a target for bogus lawsuits from shameless lawyers. We created an effective, asset protection solution, so you d https://livemorecarefree.com

For years Shreya carried around a box that she thought contained a great tool for smashing up food. When the time came for her to smash some food, it turned out the box was mostly empty. The tool she had been lugging around for years was of no use to her. How does this relate to asset protection? There are different tools available for protecting yourself from bogus lawsuits. When the threat of a lawsuit finally comes up, the tool you’ve been carrying around might not work the way you envisioned. Being successful in America makes you a target for bogus lawsuits from shameless lawyers. We created an effective, asset protection solution, so you d https://livemorecarefree.com

What’s the difference between business planning and asset protection planning? If I have an LLC, do I have to do more asset protection planning? Business planning is a form of asset protection. Business activities are risky (as in you face a higher chance of litigation being on that hustle grind). Setting up entities, like an LLC, can help prevent the risk and liability of one business from spreading to another. It can prevent your business liability from affecting your personal liability and vice versa. It doesn’t always work though. Often when we talk about "asset protection planning," we are talking about additional risk mitigation to put more protection around your personal assets. Most business owners I know who get sued, also get sued personally. Having a stronger asset protection plan, beyond just their basic business planning, helps keep all of their personal assets in the family, rather than handing them over to the law firm that sued you. Being successful in America makes you a target for bogus lawsuits from shameless lawyers. We created an effective, asset protection solution, so you d https://livemorecarefree.com

Untitled Facebook Video Being successful in America makes you a target for bogus lawsuits from shameless lawyers. We created an effective, asset protection solution, so you d https://livemorecarefree.com

Some LLC promoters give the impression that all you need to do is set up an LLC and you’ll be safe from any future lawsuits. While an LLC does provide some protection, it doesn’t make you invincible! You can’t rely on an LLC to give you "bulletproof" asset protection. Being successful in America makes you a target for bogus lawsuits from shameless lawyers. We created an effective, asset protection solution, so you d https://livemorecarefree.com

If you are interested in protecting your property from creditors, you have a lot of options. I can’t write about every option that’s out there, but I’ll talk about a couple common techniques and a general strategy overview. By the way, in this case we are talking about real property as opposed to other types of property. #realestateassetprotection #assetprotectionstrategies #assetprotection Being successful in America makes you a target for bogus lawsuits from shameless lawyers. We created an effective, asset protection solution, so you d https://livemorecarefree.com

One of the most common questions we receive is whether you can live in a property owned by an LLC. If you’re talking about your primary residence, there are some issues to think about. Those include taxes, mortgage issues, and whether an LLC would serve any purpose since a primary residence isn’t really a business. #realestateassetprotection #property #llc Being successful in America makes you a target for bogus lawsuits from shameless lawyers. We created an effective, asset protection solution, so you d https://livemorecarefree.com

A big tree blocked the road out of our house today. It fell down during a massive wind storm. It made me think about the roadblocks I see in my work as an asset protection attorney. 1) Many people put up a big roadblock between themselves and setting up an asset protection plan. A roadblock between them and those of us who don’t have to worry about the threat of a stupid lawsuit. 2) Asset protection is about putting up roadblocks between you and the scheming attorneys who will make up anything to sue you and take your assets. The roadblocks discourage these attorneys from continuing. It makes them look for another victim. Being successful in America makes you a target for bogus lawsuits from shameless lawyers. We created an effective, asset protection solution, so you d https://livemorecarefree.com

You can’t make very many delicious dinners without salt. Likewise you can’t make a strong, effective asset protection plan without the help of an independent helper or two. Being successful in America makes you a target for bogus lawsuits from shameless lawyers. We created an effective, asset protection solution, so you d https://livemorecarefree.com