A common misconception is that only wealthy families and people in high-risk professions need to have an asset protection plan. But in reality, anyone can be sued. A car accident, foreclosure, unpaid medical bills, or an injured tenant can result in a monetary judgment that may decimate your finances, leaving you with far less to […]
Many people believe that once they set up a revocable living trust and transfer assets into the trust, those assets are protected from lawsuits. This is absolutely not true. While Trusts commonly provide asset protection for beneficiaries, few trusts protect assets owned by the person who created the trust. No Immediate Asset Protection? Why Should […]
Suddenly coming into money can be both a blessing and a curse. Whether you just signed a multiyear, multi-million dollar employment contract, received a significant inheritance, expect a large check from a lawsuit verdict or divorce settlement, or just won the lottery, you need help from professionals to avoid negative consequences from your windfall. Below […]
During your lifetime, your retirement account has good asset protection, but as soon as you pass that account to a loved one, that protection could evaporate. This means one lawsuit and POOF! Your life long, hard earned savings could be gone. Your heirs could be left penniless. Fortunately, there is a solution to this problem. […]
