It's Your Stuff. Learn How to Keep It.
Asset Protection In the Real World
"You can't take it with you." We're all familiar with the expression. Which is why you'll never see a hearse towing a U-Haul.
But doesn't the person who dies with the most toys win? No, they simply shift the liability of ownership to those they leave behind.
You see, the wealthy wouldn't dream of owning anything titled in their own name. After all, when you own something, it can be taken away from you, whether as a result of divorce, business failure, illness, bankruptcy, IRS attack, judgment creditor... you name it.
The wealthy 100% exclusive use and enjoyment of assets while retaining none of the liability associated with ownership.
The truth is that pride of ownership can be a deadly trap. Anything you own in your own name is really just a contingent asset and not a secure addition to your net worth.
Whether minimizing liability, shielding your affairs from creditors or even reducing estate taxes, when it comes to bullet-proof financial survival in the modern world, asset protection is job #1.
Do you ever watch Animal Planet? Perhaps an episode about sharks and other predators? Have you ever seen smiling lawyers advertising on billboards along the side of the road?
Fill out the contact form to the right and we'll be happy to discuss asset protection strategies to shield your small business. Because it's a jungle out there...