Do you think that you don't need Asset Protection? That you're
too poor; that you have too few assets to protect; that you're too
careful; that nobody would sue you? Nonsense! Let's tackle these myths
Wealth is Relative
If you consider yourself too poor to need Asset Protection, how would you
feel if you lost what few assets you do own? Your rusty old car and tiny
bank account are mighty important when it's all you own. I get calls
from people throughout the country worried sick about lawsuit or creditor
problems. These hard-working folks sometimes have no more than a few bucks
in the bank. Still, their wealth is precious to them. Protecting their
few assets is as important as protecting a millionaire's millions!
Rebroadcast of our August 2018 Webinar: Asset Protection Myths and Fallacies
Life is a Financial Minefield
The second myth is that you can't foresee anyone suing you. No, you
don't need to be negligent, a lawbreaker or a deadbeat to lose your
wealth. Even the most cautious and prudent among us get side-winded. Bad
things happen that may not be your fault. And since bad things can happen
to good people, they can happen to you.
No One Is Immune to Lawsuits
I hear crazy stories about how suddenly someone's life has been turned
upside down because of a lawsuit. Ask the 82-year-old client who accidentally
drove her car through a supermarket window, or the landlord sued for lead
paint on his old building, or the school teacher defending a $5 million
lawsuit because she dismissed a student caught cheating on an exam. These
people never thought they'd someday get sued. One day they were going
about their lives, and the next day they are spending thousands of dollars
defending against a wealth-threatening claim from nowhere.
Life is unpredictable. Nowhere is it less predictable than when our firm
talks about litigation or other financial hazards. You think you're
safe. We know better!