As the market begins to show signs of distress and fluctuation the nation as a whole is beginning to wonder if a recession will be coming soon. Research has shown that during times when the economy is suffering the frequency of new litigation cases will rise. If our good economy has shown a continued growth in lawsuits each year, one can only surmise what is to come if we fully hit an economic downturn.
Under the financial stresses caused by a downturn in the market, people and businesses will be much quicker to resort to litigation to recoup monies owed or avoid taking financial losses. Some may even resort to litigation as a means of achieving short term financial security through settlements whether or not the litigation is frivolous or justified. When tough times arise, one thing is clear, litigation’s popularity increases. The last thing you want is to be the easy target during troubled times.
In order to protect yourself and your assets during an economic downturn, you need to implement an Asset Protection Plan which will help you protect your hard-earned wealth. Asset Protection is the answer to our increasingly litigious society. While Asset Protection can sometimes be complex practice it is a very simple concept. Get all of your significant assets out of your name and out of potential creditor reach. You must be proactive about protecting both your personal and business assets and protect yourself before creditors arise.
Contact the Attorneys at The Presser Law Firm P.A., for a complimentary consultation. Don't let the market fluctuation catch you off guard.
The Presser Law Firm, P.A.
6199 N. Federal Highway, Boca Raton FL 33487
(561) 953-1050 or e-mail Info@AssetProtectionAttorneys.com