LAWSUIT PROOF Protecting Your Assets From Lawsuits and Claims
FIND OUT THE DANGERS OF OWNING YOUR HOME IN JOINT TENANCY????
REALIZING THE POWER OF ESTATE PLANNING AND ASSETS PROTECTIONS
EVERY ONE SHOULD PROTECT THEIR ASSETS FROM CIVIL LIABILITIES, DIVORCE, GETTING MARRIED AND OR GETTING REMARRIED. LEARN HOW TO PROTECT YOUR ASSETS NOW.
DEMANDING PROTECTION WITH THE FAMILY LIMITED PARTNERSHIP
As a new generation is approaching their senior years, they are now facing a new challenge. They are turning 50 and their outlook on life has once again created a market anomaly, the desire for ESTATE PLANNING.
Now is the time for all Americans to give their families the benefits of security, greater opportunity for accumulation and provide tax reduction strategies that improve the bottom line.
This generation has also watched their peers "crash and burn" as they were caught in corporate downsizing, divorce actions that destroyed families and wealth, financial crunches and civil litigation.
We live in an age so proliferated by lawsuits, (PREDATORY LITIGATION), where personal wealth is gutted by incredible civil actions of greedy litigants. Possibly, we are looking at the most vulnerable and victimized population ever.... and it will not get any better!
THE MAJOR CONCERNS OF THE BABY BOOM GENERATION ARE,
A) THE CONCERN OVER RETIREMENT SECURITY. B) THE POTENTIAL OF TOTAL LOSS OF FINANCIAL SECURITY. C) THE CONCERN OF JOB SECURITY
I am sure there are numerous other concerns, but they mostly boil down to one key element, SECURITY.
In a volatile and unforgiving society, WE DO NOT WANT TO BECOME THE NEXT VICTIMS. We are far more demanding than any generation has ever been. The common belief is that, "ACCUMULATION IS THE KEY!". In other words, if you can save enough money during your earning years, you will be "SECURE". This is the confession of your advisors.
Well, Accumulation is not the "KEY" all it takes is an adverse tax structure to turn your mountain of ASSETS into a molehill. Consider further that a CIVIL LIABILITY can strip away in virtually moments, the RESOURCES that took you a lifetime to create.
DIVORCE rates are up to 60%. You have a one in ten chance of being sued, and one third of all Americans either has had or currently has an IRS problem. One million people go bankrupt every year. Over one million people go broke every year due to long-term illness and apply to Medicaid.
There are over 20 million state and federal lawsuits filed every year. Attorneys earn over $30 Billion in legal fees in civil lawsuit charges. Courtís award over $300 billion on civil judgments each year.
So what good is simple Accumulation plan? Yet the typical advisor/financial planner who prepares your "GOALS and NEEDS ANALYSIS" only considers and proposes an Accumulation plan.
On the contrary, Americans are ASKING FOR, LOOKING FOR AND FINALLY DEMANDING ASSET PROTECTION.
Will Rogers made a statement that applies very powerfully today:
I am more concerned about the, RETURN OF MY MONEY... Than I am about the RETURN ON MY MONEY
Therefore, there is a more pressing need for those who know how to grow their money. They also MUST include strategies to safeguard those assets from any UN-WELCOME INVASION.
Every family should first and foremost DEMAND AN ESTATE PLAN that will provide them with protection from,
1. CIVIL LIABILITIES THAT YOU MAY FACE.
2. THE TAX IMPACT OF YOUR FUTURE ESTATE - TAX PLAN
it would be very wise and prudent for you to consider an ESTATE PLAN that provides you with the PROTECTION YOU DESPERATELY NEED now and after your demise. This does not mean a plan such as a Will or Joint Tenancy of your assets. A Will and Joint Tenancy can only be called an estate plan if you include the word "BAD" in the phrase.
Is a concrete foundation a house? Is a set of tires and steering wheel a car? Is a puddle of water, an ocean? "NO" You should respond and realize that these items are only part of the greater program. Well, as good as your attorney may be, he/she only supplies one part of a true estate plan... documents. Is your life insurance or annuities an estate plan? NO, these are elements of planning, but they are not estate planning! Is your highly refined portfolio of stocks or bonds an estate plan? NO, they are good but still just a shadow of what estate planning involves!!
An Estate Plan is a "ROAD MAP" that will guide you to your desired destination, avoiding pitfalls and providing direction until your journey's end.
At Global Estate Services, Inc., our Estate Planning/Paralegal Team are experts in their field and have been serving clients for at least 10 years and some of them much longer, The team is trained by, as well as, work under the direct supervision of our on staff Estate Planning attorney's. The team is continuously trained and educated on new laws and changes in the existing laws. Certain information needs to be obtained from the clients in order to adhere to the new laws. Our team is qualified to gather the necessary information from you in order for the staff attorney's to create a plan that fits your individual needs and help you turn your financial journey into a certainty instead of a mystery.
When you should plan your estate? The ideal time to create an assets protection plan is before there are any potential creditors, before you need it.
1. How Asset Protection can legally protect your home, savings and business from type of lawsuit, judgment or claim;
2. How Asset Protection can keep you from ever getting sued 3. Why property owners are sitting ducks for lawsuits 4. Why a living Trust will not protect your property from lawsuit 5. How to keep all of your assets completely confidential 6. Why you should never be a joint-tenant 7. When it is illegal to transfer your property
Protect Assets With A Family Limited Partnership or An L.L.C. A Family limited Partnership or an L.L.C will provide you with four significant advantages which cannot be obtained through any other vehicle.
1. Discourages Lawsuits. Assets which are protected in a family limited partnership cannot be SEIZED by a judgment creditor. 2. Saves Income Taxes.
3. Saves Estate Taxes.
4. Protection Of Assets. The most valuable feature of the Family Limited Partnership or an L.L.C. is the ability to protect and shield assets from potential claims. The law is well established that a creditor of a partner is not permitted to seize assets of the partnership to satisfy the debt. That mean the family home, savings, checking and investments can be safely insulated from potential liabilities.
The Family Limited Partnership or an L.L.C, is the proper method for owning and holding valuable assets for anyone who has any possible lawsuit or liability exposure.