From The Desk of Michael Mick Webster
What is asset protection?
It is a set of strategies and legal tools used for protecting assets from lawsuits and claims of creditors. Here’s how it works.
We help you set up tools such as LLCs and asset protection strategies .We use a Nevada LLC’s for most of our clients as it is best in the USA. LLC’s are some of the most powerful tools that shield wealth from lawsuits This may include offshore LLC’s. This is because your local court does not have jurisdiction over our foreign LLC’s. Here is an explanation of the process.
First, a professional will review your assets, risks and financial goals. Then, the planning process typically includes establishing structures, such as LLC to create legal barriers between creditors and you, as the debtor. The strategies often use a combination of USA LLC’s and offshore LLC’s.
A properly established plan performs three primary functions: lawsuit deterrence, settlement negotiation leverage and/or placing your assets out of the reach of a legal opponent.
Ideally, engage asset protection planning prior to a lawsuit or cause of action. However, if you have not done so, you can implement it at nearly any time. But remember you need asset protection before you need it. Before an lawsuit or divorce Etc. Every situation is different.
So we encourage you to call us and speak to Michael Webster or one our experienced asset protection consultants.
Note, that we are not a law firm or tax firm and do not give legal or tax advice. You can also call for a 15 minute free consultation. 949 697–5676
Asset Protection Services
Our company, which started in 1972, has assisted thousands of clients just like you. We spend time understanding each individual’s situation, needs and risks.
Then our clients use this information to construct their own protection plan that is appropriate to the individual or family.
In fact, the single biggest benefit we offer is to have someone who listens to you and understands you and your situation. Thus, we can discuss your wealth preservation interests and can help you build your own plan to suit your needs.
An experienced professional who specializes in protecting assets will be able to compartmentalize the types of risks you and your assets face. Then they can properly help you construct your own solid plan. Afterwards, once you establish a plan, you must maintain it. So, it is the job of you and your consultant to help ensure that your asset protection plan remains in compliance, protecting you for years to come. Thus, you should review and update it as your financial situation changes, family grows and the legal system is updated. That said, we are an asset protection consulting firm and not a law firm or accounting firm. Thus, none of our personnel, including our on staff attorneys, can give you legal or tax advice or perform legal services or represent you in court. Speak with our experienced Asset Protection consultants today. There are phone numbers and an inquiry submission Form (ISS) at the end of this document.
Today, more than ever, people are concerned about preserving their wealth. Litigation has been on a steady rise for many professionals, including attorneys, medical doctors, dentists, parents as well as business owners. Thus, now people are putting their money where others can’t get it. As lawsuit statistics continue to climb, more people realize that insurance policies aren’t enough to protect your family’s financial future . The exceptions written into the insurance policies today are staggering. Just when you need it, they point to a clause in the policy indicating why it does not cover your dilemma.
Moreover, regardless of coverage, someone can sue you for more than your policy limits. One physician who called us had a $3 million malpractice policy, but someone had just sued him for $28 million.
There is a lawsuit explosion in the United States. As a result, more people are looking to protect their assets from legal attacks, ambulance chasers, frivolous claims, creditors and greedy former spouses. When the process server shows up at the door, many are awoken to the need to take action. This discusses ways that you can do this quickly, easily and affordably.
How to Protect Assets from Lawsuits
Lawsuit deterrence through the use of asset protection plans.
When you have the proper legal tools in place before a lawsuit strikes, you’re in an advantageous position. This could mean the difference between quickly settling out of court or costly litigation.
Once you have protected your assets, a creditor or potential legal opponent has to face the fact that you are not an easy target. They must decide how much time and money they want to throw at pursuing you.
The best asset protection strategies often include offshore LLC’s. When you implement an offshore asset protection strategy, you can take advantage of the most favorable laws in the world. A creditor who wants to pursue your wealth will face practically insurmountable barricades. You can take advantage of foreign jurisdiction statutes that can afford you near bulletproof protection.
Why Do You Need It?
Regardless of net worth, any individual or family that has assets they wish to keep should look into a wealth protection plan. It should be appropriate for their assets, risk, fears and comfort level. Business owners, parents, investors, real estate owners, physicians and other professions are at greater risk of encountering major lawsuits. Thus, they have even greater needs to implement asset protection plans.
Hide assets from creditors the legal way.
Before someone alerts you to legal attack, the chances are that an opposing legal team has performed a search to locate and value your assets. With this in mind, you can implement financial privacy measures.
As a result, an asset search can show little to no assets or asset value, depending on the techniques used. Those without attachable assets make poor lawsuit targets.
Protecting liquid assets often includes the use of a Nevada LLC (domiciled) and an Offshore asset protection plan This is because the international element puts assets beyond the reach of local courts. An international LLC is often owns the assets of your local USA LLC.
WIB FINANCIAL GROUP, LLC
Business Funding and Business Consultancy
(949) 494–7121or (949) 697–5676
