GLOBAL ESTATE an Assets Protection And Estate Planning Organization. Providing Assets Protection & Estate Planning Benefits to Membership Organizations, (Labor Unions, Credit Unions, and selected Professional Associations since 1990).
Sometimes asset protection planning means planning for the worst-case scenario.We hope that our clients will never have to use the structures we implement for them.In the meantime, they will be grateful that we were able to put their mind at ease and provided them with PEACE OF MIND.
Why do you need asset protection? Some Common reasons you might need protection: 1.You are faced with a lawsuit 2.You have been in an accident 3.You are in a high-risk business 4.You owe money to a Lender/Credit Cards 5.Your are concerned about medical bills 6.You are concerned about Nursing Home Costs 7.You are getting divorced 8.Getting Remarried or Planning to get married 9.Living Together 10.Protect Your Home In The Event Of An Incapacity
We LIVE IN A "SUE-CRAZY" society. 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 the most vulnerable andvictimized population ever.... and it will not get any better!
We've all seen these headlines: "Jurors Award $9.7 Million in Battery Blast"
"I'll Sue. That's What I'll Do."
"Boy, 7, sued when he rode a bike into street causing a truck driver to swerve"
"Landlord Assessed $1 Million in Damages"
"Mother sued for $400,000 in unpaid bills for her son who died waiting for liver transplant"
"$1 Million award for Bee Sting"
"Chef sues in Attack by Goose" Some of these stories may appear bizarre, even amusing. But make no mistake if you happen to be at the receiving end, they could prove deadly. Litigation in America is serious stuff. Protecting Your Assets Your hard-earned assets can be put in jeopardy in any number of ways.No matter what they are, Asset protection planning can help preserve them.
You are faced with a lawsuit. Even if you are innocent, that does not mean the courts are on your side.Jurors often side with the plaintiff who appears to need the funds in question rather than the defendant who they assume has money to spare. Even a judge's own personal feelings can put you in jeopardy. Many of our clients believe that once a lawsuit has been filed against them, it is too late to shield assets from plaintiffs.They are happy to learn that usually there is still a lot they can do to protect their assets.
You have been in an accident.
Even if an auto accident is minor, claims against you can be substantial.You can be sued for damages, physical pain, or a spurious claim like whiplash.There are approximately 170,000 practicing attorneys in California.Many of them look to your assets to make a living.
Getting Married/Remarried
You are getting divorced. Divorces can be rending, emotionally and financially.Community property laws and the often-unpredictable vagaries of judges can make the process even more painful and costly.Planning can reduce or even eliminate both the pain and the costs of a divorce.
When we speak of protecting your assets we speak in terms of protecting them from potential litigants and judgment creditors. Believe it or not, marriage (and divorce) can deal a bigger blow to your financial security. If you are getting married or remarried, assets that you have accumulated for years can go up in flame if you do not plan and implement a proper assets protection plan. (The rate of divorce in the U.S is FIFTY PERCENT (50%).No one get married and Plan to get a divorce but people change and things could go wrong?This may or may not apply to you, but proper planning will avoid the litigation of divorce and attorney’ fees let alone the lost of a great LOVE.
You owe money to a lender
In todays economic financial melt down we are facing, the collapse of the real estate market, many borrowers find themselves unable to pay back loans or perform on personal guarantees.In difficult economic times, banks and lenders pursue borrowers' assets aggressively and diligently.This means that it is not enough to set up the most basic asset protection structures like revocable trusts or fake equity strips.To defeat the claim of a lender, especially a bank, the asset protection structures used, need to be sophisticated and difficult to penetrate.We find that with the right asset protection structure in place, lenders will either give up the chase for your assets or be a lot more willing to negotiate.You will be in a better position to negotiate with creditors.
The difference between sleeping peacefully at night and or staying awake worrying about creditors.
Medical Services and Nursing Home Care
More than any other debts incurred for medical services are probably the most debilitating to anyone's financial well-being. Medical debts are the leading cause of personal bankruptcies and home foreclosures. Nursing home care can deplete all of your savings and even losing your home.How do you defend yourself if you find yourself in such a predicament and insulate your saving and home and provide security for your family?
Protecting business owners: When Liability Is Not Limited?
Doing business in corporate form affords the owners a certain degree of asset protection.The problem: that is true if the lawsuit arises out of the operation of the business.However, it is not true if the lawsuit is aimed at the individual Partner personally you will be surprised if a Creditor or plaintiff obtained a judgment against one of the Partners, nothing would prevent the creditor or plaintiff from obtaining the stocks of that individual partner stock in the company making the creditor or the plaintiff the controlling shareholder.In a Limited liability Company, there are no shares for the creditor to attach and no possibility of a creditor of one of the Partner’s/owners to seize the assets of the business or otherwise get involve in its operation.Interest in an L. L. C. are protected from claims of creditors in almost every state.
Safeguarding your business: Building Protection
Liability insurance coverage is too expensive for a company.We all need to save money so you can continue your business operation without insurance coverage, the company-and possibly its owners-were exposed to future lawsuits.Asset protection for the company and its owners was the best alternative to liability insurance coverage.You can create a separate legal entity's to operate so that the liability arising out of any one project would reach only a limited amount of the company's assets, if any. An additional layer of entities further insulates the individual owners from the liabilities of the business.The ownership of the personal assets of the owners will be structured in a legal method for further protection. With proper planned-structure, the level of protection faced, the plaintiff it demines, dropped and again you will be in a better position to settle a potential lawsuit and the creditor accept a surprisingly low settlement offer.
Protecting a family business: A family business, employing approximately 20 full and part-time employees.Some were salaried, others paid on an hourly basis. If you fired any one of the employee, and that employee is vindictive by filing a lawsuit, alleging underpayment or reporting about other employees, because part time employees were not required to keep time sheets.The owners could be facing or anticipate a judgment in favor of the employees.In order to avoid any actions and worry about the unknown. Global Estate Services Inc, can develop and implement an asset protection plan for you within a short time.Therefore, if plaintiffs or attorney is looking for a pot of gold will be surprised of the owners' asset ownership structure.Although the attorney’s could challenge the new assets implemented planning as a fraudulent transfer, it is possible, but most plaintiff's attorney, do not want to go through protracted and expensive litigation challenging asset transfers.Even if the challenges were successful, the plaintiff may not have been able to recover the transferred assets.
Protecting a medical practice:
Safeguarding your assets from malpractice or tort claims.
The successful neurosurgeon owns a home, an apartment building that is a highly appreciated investment, a large stock portfolio, and his medical practice.Because he was sued for malpractice in the past, he was concerned about his continued liability exposure.The doctor and his wife of forty years reside in California, a community property state.One of the worst aspects of community property law is that a creditor of one of the spouses can collect against both halves of the community property.We provided a fix to this dilemma with a transmutation agreement, an agreement between the doctor and his wife to convert their community property into separate properties.We made sure that the assets that a creditor might have an easier time getting at went to the wife, who is the spouse less likely to be sued.The doctor retained the assets a creditor would find useless, such as the assets in his medical practice.We insulated the assets going to the wife even further.The apartment building was transferred to a limited liability company and the home was transferred to a residence trust.
If you're a professional (such as a doctor, lawyer or CPA) you are an attractive target for malpractice or tort lawsuits.
The power Of Assets Protection For Generations
REALIZING THE POWER OF ASSETS PROTECTIONS AND ESTATE PLANNING
We spend so much time dealing with investing and accumulating assets, and little time if any on how to PROTECT OUR ASSETS. Sometimes we lose sight of the forest for the trees. We must step back and review some basic principles and how to safe guard our assets.
EVERY ONE SHOULD PROTECT THEIR ASSETS FROM CIVIL LIBILITIES, DIVORCE, GETTING MARRIED AND OR GETTING R'EMARRIED. LEARN HOW TO PROTECT YOUR ASSETS NOW.
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 Assets Protections and Estate Planning.
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. The best liability insurance anybody could have, to be completely poverty-stricken and destitute. If you own nothing, you have nothing to lose. You'd in essence be a turnip and nobody can get blood out of a turnip. You'll be judgment proof. Family Limited Partnership does not make you destitute or homeless. You, will own and control all your assets. Run your business essentially the same way and continue to enjoy the finer things life has to offer as a reward for your honest labor. All you would have done would be to utterly frustrate the sue-crazy potential litigants and their ever-so-greedy attorneys. Family limited partnership. A unique asset protection device, very little understoodby most attorneys, CPA or financial planners. If done correctly, a creditor of an individual partner may be completely thwarted from attaching partnership property. How to use it to protect the bread winner in the family from ruinous lawsuits or crippling judgment. P.S. Most people wait till they have legal problems before starting to put their affairs in order. More often than not, it’s too late by then. But this need not happen to you. With Our Help, you can insulate your assets long before the first sign of trouble appears. Call Our Office Now for a Private Consultation: 1-800-733-1315. MAKE YOURSELF JUDGMENT PROOF.
