Click on the publication to go directly to the article or read below (article
has been featured in multiple publications).
Everyone generally has the same goals to improve their lives: lose weight,
eat healthy, spend more time with your children, etc.
What many people don't consider is protecting everything they have
worked so hard to acquire. One lawsuit could take away everything in the
blink of an eye.
I am often asked, what is asset protection?
Asset protection is the legal process of titling both your personal and
business assets to put them beyond the reach of future potential threats,
creditors and liabilities, while simultaneously enjoying the benefit of
What we do as asset protection attorneys is help our clients protect any
asset they own from any financial threat.
Our clients may be business owners, professional athletes or celebrities,
a schoolteacher, or anyone who doesn't want to lose what they have
worked their whole life to obtain.
The type of assets that we help them protect might be checking accounts,
savings accounts, stocks, bonds, brokerage accounts, money markets accounts,
CDs, cars, boats, planes, membership interests in an LLC, shares in a
corporation, primary residences, rental or investment real estate, ownership
in a business, business assets, intellectual property, inheritances —
.anything that has any value whatsoever.
We protect it against any and all financial threats including lawsuits,
car accidents, slip and falls, short sale or foreclosure deficiencies,
divorce, creditors, judgments, etc.
The trick is not making money, it’s keeping it!
You don't want to be retired and backing out of your driveway and hit
a bicyclist, or save up money for an investment property and someone slips
For every 60 minutes you spend making money, spend 60 seconds thinking
about how to protect it.
We want to make it so difficult and expensive for someone to collect against
you they don't want to sue you in the first place.
You don't want to be the low hanging fruit. You want as many layers,
speed bumps and firewalls between the assets and the creditors. I call
this the belt and suspender approach.
First of all, you need to make sure you educate yourself. You need to understand
what tactics and techniques are available to you.
Next, inventory what you have. A lot of people have a lot more than they
think they do. Assets are not limited to money in the bank, brokerage
accounts, and real estate.
Start with a basic plan and add firewalls as needed. Protect your largest
assets and most liability-producing assets first, and as your education
and assets grow your plan can grow. This is not something that all needs
to be done at once, but can be done overtime.
Hillel L. Presser, Esq., MBA, President of
The Presser Law Firm, P.A., represents individuals and businesses in connection with the establishment
of comprehensive asset protection plans that incorporate both domestic
and international components. Hillel has authored several books on asset
protection including the popular “Asset Protection Secrets (Revised
Edition)” and “Financial Self -Defense (Revised Edition).”
YES, YOU CAN LOSE EVERYTHING!
You may think that your wealth is safe and that you don't need protection.
But don't delude yourself and accept reality — for every 60
minutes you spend making money, spend 60 seconds thinking about how to