The Lawyer-Human Daily

Asset Protection Guarantee

People ask if they are guaranteed not to lose a single dollar if they invest in an asset protection plan. While that would be a nice guarantee, it is not how asset protection planning works. Your assets will be more protected from loss with a plan in place. Listen in to see what kind of guarantee you can get and how asset protection works with the threat of a lawsuit.

Are assets automatically put into your trust?

After you form an asset protection trust, are your assets automatically inside the trust? If not, what do you need to do to get them inside?

Should I put my car in my asset protection structure?

You might be wondering if you should put your car in an LLC or trust for asset protection. Unless the car is a very valuable collector item (that you do not drive often), you should not put a car in an asset protection structure.

One fundamental difference between offshore and domestic

One fundamental difference between offshore and domestic asset protection planning is the court systems. This might actually be the root cause for why so many people seek out asset protection planning in the first place. The US court system is built for and serves to allow plaintiff attorneys (contingency fee attorneys) to take hard-earned money away from others. The ever-growing flow of frivolous lawsuits in the US, led to the creation of offshore laws and courts that provide more protections to the successful people targeted by these baseless lawsuits.

Why is there a holding company in my trust?

A holding company is a common asset to have within an asset protection trust. The holding company can be beneficial for a number of reasons as we discuss in the video.