adversely forever. One of four people will be sued
in the United Sates. Not only that but the average
person will be sued 5 times in their lifetime. And
one of these lawsuits will be determined to be a
"devasting lawsuit". Do you wish to be
one of these statistics. I think not.
The
reason a lot of frivolous lawsuits are started is
the knowledge that it is quite likely that the other
party would prefer to settle out of court rather
than go through a lengthy and disruptive court proceedings.
Establishing a bulletproof asset protection strategy
is one way to protect your family's wealth.
Problem
#2- Probate:
Another
good reason for bullet proof asset protection is
to ensure wealth will be transferred from one generation
to anothe smoothly without excessive loss due to
probate and taxation. Not only is probate a lengthy
process – it encourages family infighting -
it can severely erode your families assets. The
Wrigley Family of Chewing gum fame got hurt really
bad through Probate and ended up selling their beloved
Wrigley field just to cover their costs.
Part
of the problem is we are used to dealing with accountants
and lawyers on a regular basis as we have to file
taxes every year but what makes sense from a tax
point of view will not necessarily protect your
assets. The Wrigleys lost their baseman diamond
because no asset protection planning was taken to
implement asset protection strategies.
The
Solution Asset Protection and Wealth Management:
Why leave yourself, your family and.or your business
at such a risk as to put no bullet proof asset protection
strategies in place.. Consider the option of wealth
management and its many advantages not only in regard
to bulletproof asset protection but also in regard
to freedom of movement, privacy and wealth accumulation
without excessive taxation.’
If
you have a family business and or wealth that you
have built through your lifetime, you can easily
avoid wealth lost through due to lack of proper
estate planning. Your best bulletproof asset protection
is asset protection planning - putting various asset
protection strategies in place along with getting
proper estate planning information.
