Asset Protection Strategies for Business Owners
The Best of Asset Protection Strategies Hundreds of books, thousands of articles, every third (3rd) lawyer claims to be a knowledgeable, experienced, asset protection expert. In my 45 years’ experience, the nuts and bolts of asset protection strategies are about giving your creditor two (2) options: Option #1. YOU dictate the terms of settlement to your creditor, or Option #2. YOU threaten to file for bankruptcy, and your creditor gets NOTHING. Which is better: diarrhea or throwing-up? We have been helping clients with court tested, expert level estate planning for more than 30 years. We avoid canned approaches by evaluating and personalizing your plan to your specific family dynamics, protection of your wealth from unwanted creditors, elimination of probate, elimination of estate taxes, tax optimization, and tax-efficient transactions to preserve and grow your wealth. Let us go into more detail. It happened! And now, someone may be planning / plotting / threatening / bullying to sue you. “For everything you’ve got.” A lawsuit is on the horizon and you are looking for an attorney. You knew!! that you should have done something before a “lawsuit” was more than just an “idle warning”…You gave it some serious thought, and even spoke to an attorney a while back. You intended to do it, later…but,… “Later” became a week, then a year, and now it has been at least three years. And, it just never got done. Sound familiar? THAT DYSFUNCTIONAL LEGAL SYSTEM. Contingent fee lawyers make a living off what they can extract from their targets, and there’s 100K more graduating from law school every year. It’s nothing new to you. You heard someone-else’s horror stories, divorce stories, victim stories. You just did not expect it – to become your story. The internet is full of information. With every lawyer claiming they have the best solution. Who can you trust? My 45 years of personal experience dealing with lawyers and lawsuits in business, right down to the “nuts and bolts” of wealth protection strategies for business owners. REMOVE THE INCENTIVE TO SUE YOU It’s all about giving your creditor two (2) options: option #1. You dictate the terms of settlement to your creditor. OR option #2. You threaten to file for bankruptcy, and your creditor gets NOTHING. Everything must stop, all creditor demands must stop, once you file for bankruptcy. Which is better, diarrhea or throwing-up? The nuts and bolts REMOVE THE INCENTIVE TO SUE YOU the nuts and bolts: Our Ultra Trust® locked to a Derivative Financial Instrument™ The Best System nut: Ultra Trust® Irrevocable Trust bolt: Derivative Financial Instrument™ Linked financial investment, estate planning services. INFORMATION BROKERS CAN’T FIND YOU. INTERNET SEARCHES, ARE USELESS. Our System For the most part, professional internet information brokers use your social security number. A properly implemented plan, will not use your social security number, rendering internet information broker asset searches, useless. ————————– You see the writing on the wall. You’re not certain if this litigation is going to begin in a month, six months, or year; but you definitely feel the stress related to it. The thought is consuming and dominating your daily life. If you have never gone through this nightmare, I can tell you: … IT’S EXHAUSTING. Our system is financially engineered to be the best methods to protect against unscrupulous lawyers, internet prying eyes about you, your family, your finances, scam artists, identity thieves, and other con-artists, and “I’m from the Government and I’m here to help you” because it addresses all potential problems that can cause a structure to be to be unwound. IT’S EXHAUSTING. 90% of the time, the biggest problem is with fraudulent transfers. “Fraudulently transferring” property is merely giving a gift to the trust or any 3rd party. Every state requires 4 years to pass before they consider a gift to be “completed.” That’s called the “statute of limitations.” This ominous fact is because regardless of what structure that you use, whether it be a limited partnership (LP), a family limited partnership (FLP), a domestic Limited Liability Company (LLC), a domestic corporation, a domestic Sub S corporation, or even an offshore trust, if the judge sees that your transfers were without fair market consideration (i.e. you never got paid a fair price for them when you gave them away), they can be clawed back by the court. Something this stressful, like a threat of a lawsuit, gets some people so overwhelmed with fear and anxiety that it causes them an inability to take action. They think that if they keep pushing it aside, and bury their head in the sand, that the problem is somehow going to go away on its own. We receive calls when its too late to help someone at least a dozen times every year. Mike originally reached out to us at a time that there was a high risk of a court battle coming, but nothing was set in stone yet. Because he hadn’t actually been served papers indicating that he’s been sued, he thought there might be a chance that there may never be a lawsuit, so he decided to hold off taking action to avoid the cost. A few months later, he found out through a series of bounced checks that his bank accounts were frozen. The creditor got a preliminary judgment and brought it to his bank, freezing the accounts without his knowledge. At that point, not only was there nothing that anyone could do, but he couldn’t even access funds to retain a defense attorney, because all of his money was frozen. The most powerful weapon in the hands of the Creditor plaintiff: The Pre-Judgement Attachment This remedy is used to freeze all property (cash, near cash, broker accounts, real estate, etc.) of the Defendant to prevent the transfer,