Asset Protection Explained
In order for us to understand asset protection and the need for it, we need to understand that like it or not, there
are people in Australia who invent circumstances that lead to legal theft.
If someone
has a legitimate claim against you then I am all for them getting the compensation they are entitled to. That is what we all
have insurance for. We pay premiums to cover those events.
What
I'm against is the person who decides that from an incident (whether real or fictitious) YOUR assets should become
THEIR assets. Whether you are guilty or not is totally irrelevant, whether they were stupid or not is irrelevant
too (e.g. people suing Councils because they injure themselves whilst in the surf, the thief who claims damages sustained
while trying to rob your house).
Where does personal responsibility come into it in Australia
anymore?
Why should you have to pay because someone did something
stupid? And yet the cases in the Courts get sillier every day and the compensation paid to these clever cons goes up and up
and up.
The reality is that these people hunt down and corner people
with unprotected assets. Then, using our legal system, they find ways to take unprotected assets from the unsuspecting individual.
Anyone can become a victim of these people, unless they have taken the necessary steps to protect their assets. This is, in
simplest terms,theft.
But the appropriation of your assets by another
individual or entity is much more complicated than breaking and entering,it requires a process. You don't need to know everything
about the process; all you need to know is what to do to foil it.
The first step is to acknowledge that these money hungry gold diggers exist. That means not taking a bury your head in the
sand approach.It will never happen to me are the famous last words of the world's once wealthy. Once you acknowledge that
the threat exists, and your security can be destroyed then you are ready to devise ways to stop these legal thieves from getting
to you. Stopping them dead in their tracks!
So, now that we understand
why asset protection exists what is it? Simply stated, asset protection keeps your valuable assets (business, savings, house,
cars, stocks, bonds, etc.) safe from ANY attackers (legitimate or otherwise) who are hell bent to take them from you. One
of the biggest problems you've likely encountered if you have done any minimal amount of research on asset protection is how
most providers complicate the definition, and the application.
Your plan needs to be set up and in force long before any attack takes place or before any attack becomes
known to you.
This is essential to prevent
any financial predator from making a claim that you created your asset protection plan with the intent to defeat creditors.
With a properly implemented asset protection plan you can normally prevent:
*
Your creditors from reaching your assets, or the assets in one of our Asset Protection Packages
* Your business partners mistakes from ruining your nest egg
* A disgruntled customer or employee putting you out of business
* The government from seizing and keeping your money
*
A person from suing you for defamation or sexual harassment or injuring themselves on your property or (God knows) whatever
else they can think of! You'll also be secure in the knowledge that you'll normally have enough assets after a suit to:
* Start fresh
* Survive with
the lifestyle you are accustomed to
* Spend your money where, when,
and how you want to
* Transfer wealth to those you love with out
the government or creditors touching it
* Retain complete control
over the protected assets.
All asset protection strategies have one
thing in common: They each make it more difficult for a creditor to find and/or take your assets. By implementing a properly
crafted asset protection plan, you can legitimately put a huge portion (or all) of your assets out of reach and still retain
complete control over those protected assets. If you would like to know more go to our services page and fill out the details and we will rush you a "Free Report"
