Asset Protection is not about hiding or secrecy.You want an Asset Protection plan that lets you fully disclose your assets,
confident that they'll remain safe from your creditor. A judgment
creditor can force financial information disclosure through deposition,
interrogatories, requests to produce documents or subpoena your records
and information from third parties.
Judgment creditors can, and do, find debtors' assets. Loan and credit
applications, bank records, tax returns, court cases (such as prior divorce
that discloses assets) and insurance policies all provide clues. The paper
trail is revealing. Computers expose our financial lives. Judgment creditors
and prospective litigants often use professional asset search firms to
find concealed assets. Keep your plan 100% legal and ethical and avoid
playing "hide the assets" games.
In fact, tell your claimant early in the game exactly what assets you own
and how they are titled. Convince a claimant that you're simply not
worth suing. Most importantly, explain precisely why they are beyond creditor reach.
Make Asset Protection your selling tool.
The cold hard reality of litigation, from an attorney's perspective
at least, is that it's almost always all about money. Although they
often represent clients on a contingency fee basis, they'll normally
do so only if they believe they'll get paid. If a potential defendant
has no exposed assets, the attorney won't get paid.
Most plaintiffs' attorneys first do an asset search on a potential
defendant before taking on a contingent fee case. If their search reveals
few unprotected assets, the attorney is then uncertain whether he will
get paid for his efforts. Even if the Asset Protection plan is pierced,
the process may be lengthy, expensive, and uphill. The attorney will then
insist on an up-front retainer before accepting the case. This shifts
the risk of suing a defendant and losing (or being unable to collect)
to the plaintiff, who now realizes their lawsuit can be an expensive,
Make sure you avoid being the easy target by making it difficult and expensive
for a litigant to collect against you. Attorneys and would-be plaintiffs
usually opt for easier prey. You need multiple layers of protection so
that your assets are always well protected. A protected individual can
discourage lawsuits as lawyers and their plaintiffs will proceed full-steam
against the unprotected, deep-pocket defendants, like a predator going
in for an easy kill.
Contact The Presser Law Firm, P.A. for a complimentary preliminary consultation
with one of our experienced attorneys today.
The Presser Law Firm, P.A.
6199 N. Federal Highway, Boca Raton FL 33487
(561) 953-1050 or e-mail Info@AssetProtectionAttorneys.com