- someone broke into a home in the dead of night,
slipped on the kids marbles, broke a leg - he sued and
won!
- one idiot strapped a refrigerator to his back and
ran in a race. The strap broke and he hurt his back.
He sued the strap manufacturer and collected $1.3
million!
- a woman ordered coffee at the drive-through at a
fast food restaurant, spilled it in her lap and was
burned, sued the restaurant chain and won over $1
million!
Don't
Let This Happen to You!
Litigation has become a popular tool for accumulating
wealth by financial predators and their attorneys, who
often take cases on a contingency fee basis. Many lawsuits
have nothing to do with right or wrong, but instead, are
predicated on the desire of one party to extract wealth
from another party. There are two basic ingredients in
every lawsuit: an injury perceived by the plaintiff
(either real or imagined), and a defendant who has the
ability to compensate for the plaintiff's perceived
injury. It has been estimated that over 50,000 lawsuits
are filed in this country every day of the week. A variety
of causes have been cited for this "Litigation
Explosion"--a breakdown of the moral fabric, the loss
of the sense of community, too many lawyers, or just the
"opportunity of a lifetime." Whatever the cause,
the impact on each of us is significant.
For many people the threshold issue in asset protection
is: Do I need it? Many people believe that "I don't
do anything dangerous, so it can't happen to me"
However, if you are engaged in any business or
professional practice, chances are sooner or later you
will be sued. The same holds true for any person with a
nest egg, or the likelihood of accumulating one (high
earning or inheritance potential). One does not need to
lose one of these lawsuits in order to lose his or her
wealth; simply the cost of litigating these lawsuits can
drain your wealth. The costs of defending even a frivolous
lawsuit can easily reach $50,000 to $100,000. What's more,
once you get to court, you will quickly learn that the
system is heavily weighted toward the sympathetic
plaintiff, as juries play "Robin Hood" with your
money. Jury awards are routinely reaching stratospheric
levels, which bear no relationship to the actual damage
suffered by the plaintiff. Plaintiffs' lawyers
affectionately refer to this phenomena as "winning
the jury lottery." The potential target for a
"jury lottery" winner is the deep pocket
defendant.
The objective of asset protection planning is to
legally situate one's assets in such manner that potential
lawsuits are discouraged before being commenced. In other
words, you situate your assets so that there is no
economic incentive for someone to sue you. Asset
protection planning is based on sophisticated, but legal
business and estate planning strategies. It is absolutely
critical that you understand that asset protection does
not involve hiding assets or making fraudulent transfers
to third parties. Such devices are a failure that ruin
careers and cause people to go to jail, and, what's more,
such devices are totally unnecessary. If an asset
protection plan in properly implemented it is both legal
and nearly impenetrable.
This
Kit and Software will Show You:
- How to Avoid Probate
- How to Set Up a Family Limited Partnership
- How to use Swiss Annuities in asset protection
- How to use tax havens in asset protection
- How to Set Up a Living Trust
- How to Set Up a Corporation (without an attorney)
- How to Save on Taxes
and much more!
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