Episode 118: Billionaire Wealth Strategies for Entrepreneurs | Chapter 3
Asset protection isn't something you set up after a lawsuit lands on your doorstep — it has to be in place before the threat arrives. This conversation walks through a layered framework for protecting everything entrepreneurs have built, using the metaphor of a castle with four distinct lines of defense: the moat (legal protections built into the law), the castle walls (personal and commercial insurance), the drawbridge (entity design and corporate structure), and the hidden vaults (asset protection trusts).
From umbrella policies and scheduled personal property to employment practices liability, cyber coverage, and D&O insurance, Jim and Bryce cover the policies entrepreneurs commonly carry — and the ones they overlook. Life insurance and disability insurance round out the picture, with a practical look at how incentives in the insurance industry can work against buyers who don't have an advocate in their corner.
Entity design gets equal attention, including what it takes to protect the corporate veil and why a clean operating agreement matters more than most partners want to think about. Domestic and foreign asset protection trusts close out the framework, along with an honest assessment of when the added complexity is (and isn't) worth it.
Make Rich Real: Where Million-Dollar Businesses Meet Billionaire Strategies
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DISCLAIMER: Please note that the content presented in this video is for educational and informational purposes only and should not be considered as legal, tax, or investment advice. Dew Wealth Management, LLC expressly disclaims any liability, loss, or risk that may be incurred as a consequence, either directly or indirectly, of the use of any of the information contained in this content. Viewers should consult with their legal, tax, accounting, and/or investment professionals to determine the applicability and potential appropriateness of the topics discussed herein to their individual circumstances.
The presenters are Jim Dew, Founder and CEO, and Bryce Keffeler, Managing Partner of Dew Wealth Management, LLC, a registered investment adviser. The content presented in this video is not a solicitation or referral to Dew Wealth Management, LLC, for investment advisory services. This media is not selling, soliciting, or negotiating the sale of any real estate, insurance contracts, securities, or other investment vehicles. Jim Dew and Bryce Keffeler do not endorse any specific investments, investment strategies, advisors, or financial service firms.
Please note that laws and regulations regarding providing investment advice may vary depending on the jurisdiction and the specific circumstances. It is advisable to consult with a legal professional to ensure compliance with all applicable laws. The above summary disclosure is provided as an overview and is not intended to be comprehensive.
