Asset Protection - Frequently Asked Questions

Who needs asset protection?

Just about any high-risk, high net worth individual. High risk includes the obvious targets, such as doctors, dentists, orthodontists, etc. Also included are executives of publicly traded companies, real estate owners, financial advisors, insurance agents and just about any other professional who could be called to account for advice that you gave years earlier. "High net worth" is a little harder to encapsulate. Basically, if you own enough assets that you read this far, you probably consider yourself high net worth and you ought to think about doing something to protect yourself.

How does asset protection discourage lawsuits?

Before any lawsuit is filed, the opposing attorney does an asset search on you, looking to see if you own sufficient assets to satisfy a judgment. The goal of asset protection is to reduce your visible ownership interest while increasing your control over assets to a maximum. The legal system is set up so you can only lose what you own, not what you control. If you show little or no ownership, attorneys will skip you and go on to someone else where the rewards are much easier.

How does asset protection work and which assets are most at risk from attorneys, and creditors?

Asset protection is the process of transferring assets in to legal structures in which your personal ownership interest is shielded, minimized, or turned into a control rather than an ownership interest (you control your assets but do not appear to own them). Number one type of asset at risk from attack is real estate equity. Next, are personal bank accounts. Attorneys can lien or seize them.

Do you protect from IRS tax liens?

No. We do not do anything in any way to bother IRS collection efforts. There is no legal protection from the IRS in collection of past due taxes.

What are the goals and purposes of asset protection?

1. Maintain your family's security. Your work hard for it and you need a lifelong plan in place to keep predators from taking that security from you in the form of unexpected risks, liability, lawsuits, natural disasters, etc.
2.Level the playing field. Imagine sitting down at a chess game in which your opponent allowed you to make the first 5 moves. Could you set the board so that your opponent has no chance of winning? YES! This is what you do with your assets before there is an opponent.
3.Negotiate a favorable settlement. You increase your assets' safety by creating a climate with asset protection in which you will be in the strongest position to negotiate favorable settlements in any litigation or proposed litigation. You will be able to truthfully answer all questions without fear your opponent can get any of your assets.

Why do I need you? Why can't I form a corporation on my own?

Yes, but the key to asset protection is utilising the proper clauses in the corporate structure and operating agreement to achieve protection from lawsuit. The key to asset protection is privacy, and a Nevada corporation without the proper supporting legal documents and expert instruction on how to properly move assets into the corporation or use it to protect assets is useless for that purpose. You can get a Nevada corporation on your own cheaply, but if you inquire about nominee service, registered agent service, or required operating agreement, you will find those to be huge extra fees (if even you can get those services). No one offers the combination of service and price that we do -- we guarantee it!