With the current explosion in litigation in our society, professionals, small business owners and even
the average homeowner need to focus on ways to protect their savings, investments and other accumulated assets.
If they do not, they will become attractive targets for hungry and unscrupulous attorneys.
The U.S. legal system stacks the deck against the defendant and is in favor of the plaintiff. This is
especially true if the plaintiff has deep pockets to pursue you. In addition, American judges are also not
always competent to handle the cases that come to them. Many times judges issue judgments that are not just
and certainly not fair.
The average person can expect to be sued five times in their lifetime and faces the very real prospect of
being on the receiving end of one or more ruinous judgments. Failure to plan for that contingency can result
in the instant loss of a lifetime's accumulated wealth.
Once a legal suit is anticipated or has been, you may not have the legal right to move assets. Although, assets
may be moved under certain conditions, it is always better to mover when there is no legal reason to do so.
How Do Plaintiffs Or Their Lawyer Find Your Assets?
By using firms that specialize in locating assets for attorneys.
A simple search can locate most of your assets:
Bank Accounts
Real Estate
Brokerage Accounts
Autos
Businesses
Other Valuable Assets
Many times a contingency fee attorney will do an asset search on you before he even bothers to sue you.
He wants to make sure you have something of value before he spends his time and money. There is little about
your personal and financial well being that cannot be found. However, if the assets are not in your name and
are instead listed in the name of a corporation, trust or partnership finding them becomes much more difficult
(if not impossible) and expensive for the plaintiff's lawyer.
What Do All Of These Assets Have In Common?
They are all in your name.
How Do You Minimize The Chances Of Losing Assets?
You can minimize the chances of loosing assets by becoming a smaller target to the predators that would try to
take them from you.
How Do You Become A Smaller Target?
Follow John D. Rockefeller’s advice. "Own nothing and control everything". That is the key. Although you do
not want to give up control, you can give up ownership in such a way that a plaintiff will give up and look for
greener pastures. This can be done by setting up a combination of domestic and/or foreign structures.
Are Asset Protection Techniques Legal?
Asset protection has been practiced by the rich for decades. They use these same tools and strategies that we
are discussing. They are legal, they are effective and they can give you peace of mind.
Why Won't My Attorney Help Me With Asset Protection?
Asset protection is not taught in law school. Also if an attorney is not careful he or she can lose their
license if it appears that they assisted a client in hiding assets. For that reason there are only a handful
of attorneys that assist their clients in this area. Most attorneys have an outside firm such as ours provide
the service for them.
International Registration Services, LC provides consulting on Asset Protection And Privacy.
For more information please contact Vincent Robertson at 505-250-3690 or e-mail to the address below.
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