Whether you're a business owner, investor, or someone keen on safeguarding your hard-earned assets, this video is packed with insights, strategies, and expert advice on fortifying your financial foundation.
1. Asset protection is shielding your family assets from losses to lawsuits, financial predators, kids’ divorces, or other risks
2. Unprotected assets are very exposed to judgments and charging orders and other demands
3. Some assets have protection due to their nature, depending on state law, like homesteads, retirement accounts, and life insurance products
4. Many other valuable assets are fully exposed, like taxable investments and bank accounts in single or joint names, real estate, and businesses.
5. Corporation owners frequently have false senses of security. The corporate veil protects owners other assets from liabilities of the corporation, but the corporation can be lost if the owner is sued personally like for a car wreck or real estate liability
6. Insurance – including big liability umbrellas – is the first line of defense.
7. Strong structures – like properly constructed LLCs in the rare states with strong LLC charging order protection laws – are a very important second line of defense
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7 Must-Knows about Asset Protection Planning
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