Your mortgage is a real estate investment transaction, but your home’s real value is found in the security it provides you and your family; human, as well as financial equity built over time. Likewise, the full value of your small business can’t be found exclusively on an annual profit and loss statement, but more so in the quality of life it affords. David’s Asset Protection Workshops and attorney-assisted tools can help you design a roadmap to security based upon your unique needs, all supported by established case law designed to protect what you value most.

What’s the best way to hold title to your home or other personal assets?

• Family Limited Partnerships vs. Stand-alone Revocable Living Trust
• Joint tenancy, tenancy by the entirety, tenants in common, community property
• Avoiding joint liability of your spouse’s debt
• Protecting jointly-held property
• Estate Planning and tax benefits
• Revocable and Irrevocable Trusts

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Is your business a Sole Proprietorship, or are you engaged in a General Partnership or a Revocable Living Trust, all of which can leave your personal assets exposed; an easy target for a lawsuit?

• Why incorporating is a preferred asset protection and tax strategy for most small businesses
• What type of corporation suits most small businesses best?
• Earn more – keep more
• Own nothing, Control everything
• Avoiding the “hot list” of potential lawsuits
• Easy Corporate Minutes/Documentation Solutions

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Even if you suspected a lawsuit in the near future, current laws prohibit asset protection.

When the wolf is at the door, there’s no time left for protecting your assets, as any attempt to do so will be considered – by state law – a fraudulent conveyance. This includes any attempt to hinder, delay or defraud a creditor, or guard against a potential lawsuit on the horizon.

Most states have laws that prevent individuals from suddenly attempting to “hide” assets by transferring them out of their name to avoid a creditor, and can force any transfer to be reversed.

Asset protection is purposeful planning long before a need arises, not something that can be done as a quick or temporary fix. The good news is that protecting your assets is a lot less complicated - and a lot less expensive - than you probably imagine.