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Asset Protection

9 November 2008 1,820 views 2 Comments

If you have assets, you are most likely a target. When your assets are visible, you are the bullseye.

You and your belongings are what litigators refer to as “deep pockets.” Even if you create a stealth lifestyle, your assets are discoverable by a motivated creditor. The core goal of protecting your assets is to set up your business affairs in such a way that raises the bar for the professional takers. This separates you and your assets in legal obligation, but not in beneficial enjoyment. Your plan is in essence a proactive step in performing self-help tort reform. You in fact will control your assets and your life, instead of the courts.

At Offshore.com we advise on legal time tested strategies to help you protect your assets. We are also mindful that each person’s situation is unique. We start out with the premises that all asset protection options are available on the table. As we delve into the details of your business and personal affairs to discover your vulnerability, we will suggest the best possible solution

Your solution could be a combination of trusts, family limited partnerships, insurance, LLC’s, or many other various tools in the toolbox. Be aware that the toolbox is filled with many options when the financial seas are calm and that once your assets are financially challenged or in duress, these options become limited.

The most important benefit of implementing a plan today is very simply getting a good nights rest knowing that what you have inherited and earned is really yours to keep.

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2 Comments »

  • Yes2Property said:

    This is definitely where most business owners and real estate investors make the biggest mistake. Not protecting their assets. I don’t think it can ever be said enough on how important it is to PROTECT YOUR ASSETS. Great blog!!! Thx.

  • Bobby Casey said:

    My #1 request for service now is from real estate investors. The economic crisis has finally shook them awake into the realization that asset protection is a must do. Unfortunately many of my clients are taking the steps too late and calling after default or even foreclosure of some properties. It is important that investors set up the proper asset protection structure before it is necessary in order to gain maximum benefit.

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