Asset Protection Options
By Greg Lipke
The worst thing you can do is own assets in your own name. If you are ever sued, you could lose everything. In this article I will introduce you to several structures you can use by themselves or combined to protect your business or your assets. This will be a very general discussion as there are many different ways you can structure things depending on your needs. You will need to discuss your individual circumstances with a professional advisor to get specific advice but this chapter will give you food for thought and a basic understanding of what is available.
The wealthy use these structures as part of their luxury lifestyles for tax planning, to protect their privacy, to protect their assets from seizure and for estate p...
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