How do I protect the assets I have from lawsuits, bankruptcy and the courts?
D.O., Maryland
It is best to get your asset protection take care of well before you get sued, go bankrupt, or have some other type of trouble. Which instruments you use depends of the asset you are trying to protect. Your business should be held in an entity, your home should be held in a trust, rental properties should be held in LLCs. I have this all ...
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By Kristy Phillips
The IMF has announced that by the year 2016 China’s economy will surpass America. They are not the only ones seeing trouble on the horizon. John Mauldin, a financial analyst and the author of ENDGAME: The End Of The Debt Supercycle And How It Changes Everything, says that the US must confront the fact that it has borrowed too much and must cut back.
The US’s $1.6 trillion-a-year deficit must quickly be cut to about $300 billion a ...
Continue Reading →It’s never too early to think about asset protection. Many people think that asset protection is only for when you’re older and have made a lot of money. The turn in the economy the last couple of years has demonstrated more than ever that asset protection should not wait until your have gray hair or a million dollars.
There are simple actions you can and should take to protect your assets before you take business risks. The trouble is that most ...
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