Personal reasons to protect yourself
We design, implement, consult, and service asset-protected Limited Liability Companies, Asset Protection Trusts, Family Limited Partnerships, and estate planning entities. We do not just form entities; we plan — with you — the best way to structure an asset protection and estate plan for you. All of our Limited Liability Companies, Family Limited Partnerships, trusts and asset protection trusts come with the forms and paperwork needed to provide the estate planning and asset protection planning you need.
Why Protect Yourself?
If you lose your assets – your accounts, cash, cars, real estate, small business, income — you lose your family’s financial lifestyle and security. Would you want to be forced out of your home, pack up your family and wave goodbye to your friends and the neighborhood where your children are growing up?
Asset protection allows you to maintain your lifestyle for you and your family.
Asset protection provides you peace of mind that your nest egg will still be there when you retire and need it.
Asset protection insulates you from harm. It keeps financial predators away. It will prevent or discourage lawsuits. Lawyers get 40 percent of what they can take from you by way of judgment. If you have no exposed assets, lawyers and their clients gain no financial advantage by suing you.
Asset protection can prevent all your assets from being taken from you by expensive nursing home care when you are elderly.
You have spent a lifetime getting to where you financially are now. Do you want some greedy attorney walking off with your family’s future?
What Could I Possibly Be Sued For?
Personal lawsuits can be for many reasons. Here are just a few:
- Children suing parents
- Parents suing children
- Lawsuits from business partners
- Creditor’s claims
- Accidental injury caused by a family member
- Personal injury caused by a drinking guest
- Personal injury caused by your teenage driver hitting another car
- Personal injury when a guest slips and falls down
- Neighbor disputes
- Homeowner association disagreements
- Personal guarantees
- Willful, harmful acts which are not covered by insurance
- Libel and slander
- Excessive judgments on automobile accidents
Employment lawsuits arising from:
- Age discrimination
- Racial discrimination
- Gender discrimination
- Religious discrimination
- Pregnancy discrimination
- Disability discrimination
- Mental illness discrimination
- Addiction discrimination
- Sexual harassment
- Peer harassment
- Gossip among employees
- Job references (good or bad)
- Whistle blowing
- Wrongful termination
- Negligent employee retention
- Releasing medical information
- Employee injury from chemical exposure
Professional Malpractice lawsuits arising from:
- Medical malpractice.
- Legal malpractice.
- Psychological malpractice.
- Engineering malpractice.
- Architectural malpractice.
And much more.
Business Liability lawsuits arising from:
- Environmental cleanup liability
- Product liability
- Shareholder liability
- Securities fraud
- Liability of outside directors
- Liability from unsatisfied customers
- Personal injury when a customer drinks too much and hurts someone
- Personal injury when a customer slips and falls.
And much more.
How Do We Protect You?
For your brokerage and other accounts: an asset-protected LLC and/or Family Limited Partnership.
Protection from lawsuits and creditors or any other financial attack.
For your home: an asset-protected Family Limited Partnership or Limited Liability Company strips the exposed equity from the home.
For your rental property: an asset-protected LLC that can hold the property.
Also numerous types of irrevocable, tax-neutral trusts can be implemented.
Fast, convenient. We form it, transfer assets into it, service it and consult with you. Discover how easy it is to asset protect your home, bank accounts, real estate, business, and stocks/mutual funds.
1. If you hold assets in your own name:
You have no asset protection and are vulnerable to attack by any creditor or lawyer wanting to file a lawsuit against you. A judgment creditor can swoop in easily and attach any assets you have.
2. You do NOT hold title to your assets in your own name:
Your properly-formed Limited Liability Company with an asset protected operating agreement holds title, but as manager you control everything. It is no longer easy for creditors to discover what you own and it is very difficult, if not impossible, for them to break through.
If you want even more privacy and anonymity, we can assign your interest in the LLC to a form of irrevocable trust. You can also use more than one Limited Liability Company. This way you can segregate safe assets like bank accounts, from risky assets like investment real estate, boats, and planes.
Contact us for examples of how we can protect your individual and business assets.