Asset Protection Information - Why You Need It
Asset protection information and asset protection strategies are
definitely something every one needs to put in place no matter what your net worth is. Sadly the first question
usually asked when a lawsuit is being considered is the extent of the other parties net worth - the larger your net
worth is the more likely it is that you will be a predatory target. And in Canada as long been the practice in the
States, lawyers are now allowed to be take cases on an agreed percentage of the awards if they win increasing the
chance that you will be attacked.
How to use this Asset Protection Information site
There are 3 problem areas that asset protection addresses as indicated below. However I would recommend
that everyone FIRST read the section below to understand WHAT these areas are and WHY one
would consider asset protection .
SECOND click on the menu links on the left to answer the questions 'HOW' you can
achieve asset protection through one of various asset protection structures available choosing
one or more that will best suit your situation and then THIRDLY Determine 'WHERE?' it would be
FINALLY: You have the option of using online services listed here to assist you in this process OR you can
contact the professionals directly. Feel free to bookmark [ctrl d] and come back later as we
add more useful information to this site.
Problem #1- Protect Assets from Predatory Lawsuits:
This is the primary reason people need asset protection information.
This practice has been alleged to be the main reason judgment settlements in the US are much higher and lawsuits
more frequent than in any other country. It is also the reason a lot of frivolous lawsuits are started knowing full
well the other party would prefer to settle out of court. The alternative being a lengthy and disruptive court
proceedings. To avoid this implement asset protection planning and realestate asset protection.
Problem #2- Estate Probate:
Another reason for asset protection information is that it is difficult to transfer assets to your loved ones
without excessive loss. This is mainly due to probate and taxation. Not only is probate a lengthy process - it
encourages family infighting. It also can severely erode your families assets. When Elvis Presley died all that was
left of his 10 million dollar estate was 2 million dollars. Definitely a case where no planning was taken to
implement estate planning.
Problem #3- Excessive Taxation:
With municiplalites and State having their tax base eroded due to the turndown of economic
activity and the increase in foreclosures they have no choice but to tax those they still can every which way.
Legally through Asset Protection and Wealth Management you can naviagate
through this economic mine field.
Why leave yourself, your family and or your business at such a risk. Put asset protection strategies in place.
Consider the option of estate tax planning and its many advantages not
only in regard to asset protection but also in regard to insuring freedom of movement, privacy and wealth
accumulation without excessive taxation.
A Safety Net: Asset Protection Information
If you have a family business and wealth that you have built through your lifetime, you can easily avoid loss
with proper estate planning. You can ensure bulletproof asset
protection with a little due diligence. Your best asset protection is to implement asset protection
planning putting various asset protection strategies in place and by getting proper estate planning information.