Asset Protection Group
|
An asset protection group can save a person's personal property from frivolous, legitimate, and criminal confiscation. Success for many people means they "own" lots of stuff. The collection of personal property is a privilege that most people in the world do not not have. Either because of poverty, government corruption, or personal tragedy many people worldwide do not have the opportunities that 1st world nations have in developing assets. Because of this awesome advantage, people are able to amass wealth. Wealth consists of all manner of personal property including; real estate, stocks, bonds, collections, and cash. Due to the fact that wealth can be amassed, there also comes a sense of personal pride in keeping that wealth out of the hands of those who want to get to it; namely anyone other than the rightful owner. There are lots of fortune hunters in society who would like to find a way to take a person's hard earned treasures for themselves. An asset protection group can provide a plan and program to help a person secure their assets so that whoever may come after them, will walk away empty handed.
Common in society are those who would endeavor to make a living at setting themselves (and others) up for accidents. Staged occurrences like "slip and fall" and "Swoop and Squat" are simply two of many crafty ploys to extract a person's assets. Although many slip and fall accidents happen in retail establishments, there are some that occur on personal property. If a person who has means and are given to large social gatherings at their homes, there is a possibility that some people would be out to get what they can from that person. Perhaps, a dinner party is taking place: a guest might slip on the shiny marble floor and fall down. As the host rushes over to make sure everything is alright, the guest is "secretly" scheming about their next steps. A few weeks later, the host gets served a summons. The guest has filed a lawsuit for some exorbitant sum of money. If a person's assets have already been secured by an asset protection group, the host will smile when the letter is received. However, in most cases, the host would be outraged. Immediately, the host would begin to think about how to keep the perpetrator out of their pockets.
Anyone can sue anyone else for any reason, at any time. Only 5% of the worlds population lives in the U.S. Yet, 90% of all lawsuits in the world are filed in the U.S. Anything a person owns in their name is subject to confiscation. Unfortunately, people generally feel that all assets are up for grabs in our highly litigious society. An asset protection group cannot stop these inevitable lawsuits. Nor can an asset protection group make a person "judgment proof." Even when the person bringing the suit does not have to have a legitimate cause, no one can stop them from filing a case. A good asset protection plan can stop a litigation mid-stream. What a person can do is to make their possessions so secure that the person making a claim will move on to an easier target. Just because a person lives well and has the best things life has to offer doesn't mean that "legally" they own lots of personal property. Quiet as it is kept, "control" os assets is more significant than ownership.
When a person lives in a beautiful house, drives a nice car, or owns a successful business, there are people who are just chomping at the bit to discover the extent of that person's assets. Not only are these sharks looking for assets they can see, but those that might not be very apparent to the naked eye. The concepts of "unearned income" and "future income" come into play as well. For this reason an asset protection group lives and breathes. A person in this position must limit their exposure and protect all assets. Because of the pervasiveness of judges who allow frivolous lawsuits to move forward, just cause is no longer a prerequisite that must be met prior to taking up time in the courts. Routinely, attorneys conduct an asset search before proceeding with any lawsuit. This element has evidently become the "new prerequisite" for lawsuits being filed. That is why a protective plan is of vital importance. "Then the five men departed , and came to Laish, and saw the people that were therein, how they dwelt careless, after the manner of the Zidonians, quiet and secure; and there was no magistrate in the land, that might put them to shame in any thing; and they were far from the Zidonians, and had no business with any man." (Judges 18:7)
The absolute best protection for a person's assets is not to own them. Taking a person's assets and turning them into implements that can be non-owner controlled is the key strategy of an asset protection group. A person who controls many assets doesn't have to worry about frivolous lawsuits. Nor will that person be concerned with legitimate lawsuits or government seizures. Obtaining this type of protection starts with a person's perceived "right to privacy," the "right to safeguard possessions," and the "right to enjoy the privileges of wealth." Because an individual will want to have use of these possessions as if they owned them, setting up a corporate entity will allow them to maintain complete control of all of their assets. A corporation holds an independent identity as a "person." Any debts, obligations, or taxes are treated separately from the people who own, operate or direct the affairs of the corporation. When a person's belongings have been fully protected by an asset protection group, threats are made nil, frivolity comes to naught, and the person can live in free and knowing comfort.
|
|
|
|
