| Description |
1 online resource (288 pages) : illustrations |
| Bibliography |
Includes bibliographical references (pages 279-280 and index. |
| Contents |
So you do not need asset protection? -- Plan ahead -- No escaping -- I thought I was exempt? -- How well do you know your business partners? -- Surely incorporation is for big companies? -- The limited liability company -- Accounts receivable -- Domestic trusts -- Foreign trusts -- Your personal residence -- How well do you know your spouse? -- Do not die yet -- The alter ego (piercing the veil) -- Equity stripping -- Insurance -- Business insiders -- Combining businesses to build a fortress -- Summary. |
| Note |
Print version record. |
| Summary |
Lawsuits are rampant in this country. Statistics show there is one attorney in this country for every 300 residents; there are an estimated 150,000 people in law school as we speak. On average, 80,000 lawsuits are filed each day. When you are sued, it is too late to protect your assets. You are exposed. Fortunately, you can act now to protect yourself and family later. In this easy-to-read and comprehensive book, you will learn the simple steps you need to do to protect yourself before there is a problem. The book provides a number of worksheets to help you decide the best plan of action for your financial position and personal needs. You will learn the ins and outs of protecting yourself and your family through legal methods, such as corpo- rations, family limited partnerships and trusts, family saving trusts, offshore trusts corporations, and limited liability companies (LLCs). You will learn how to reposition your assets into legal entities that you control, creating bullet-proof security. You will learn about irrevocable living trusts, creating and maintaining LLCs, equity-stripping techniques, privacy plans, durable power of attorney, bankruptcy legislation, and estate planning for high-income individuals, as well as living, testamentary, and pour-over wills. The trick is to own nothing directly but control everything legally. With the guidance in this book, you will be able to protect your hard earned assets. |
| Local Note |
EBSCOhost Small Business Reference Center |
| Subject |
Executions (Law) -- United States -- Popular works.
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Debtor and creditor -- United States -- Popular works.
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Fraudulent conveyances -- United States -- Popular works.
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BUSINESS & ECONOMICS -- General.
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Debtor and creditor. (OCoLC)fst00888809
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Executions (Law) (OCoLC)fst00917762
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Fraudulent conveyances. (OCoLC)fst00933807
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United States. (OCoLC)fst01204155
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| Genre/Form |
Popular works. (OCoLC)fst01423846
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| Other Form: |
Print version: Northcott, Alan, 1951- Asset protection for business owners and high-income earners 9781601380050 (DLC) 2008052660 (OCoLC)156831597 |
| ISBN |
9781601385208 (electronic book) |
|
160138520X (electronic book) |
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9781601380050 |
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1601380054 |
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