I am writing this newsletter on a KLM flight from Europe back to the US. Over the past few days I have been attending an investment conference in Zurich. I am returning armed with asset protection and investment ideas that will help with the transition into the ‘Great Reset’.
In my travels, I make it a point to meet as many successful business owners and investors as possible. And this trip was no different. I am always asked by friends and family if my travels are for business and pleasure, and for the most part the answer is both. Rarely do I travel without meeting other like minded people but because I love what I do, it is always a pleasure.
My firm’s objective is to help business owners and investors accumulate and preserve wealth not only for their own enjoyment, but for general economic growth. Our belief is that through pure capitalism, the world prospers.
I know this seems a bit like “blue sky” goals, but my firm has a commitment to help clients maximize wealth accumulation and minimize risk in their portfolio of assets.
There are several threats to your wealth including, but not limited to, litigation, taxation, political agendas, and government seizure of assets. If you are an American entrepreneur with your business, banking, investments, real estate, citizenship and residency in America, you have put all your eggs in one basket and overexposed to severe risk.
Any competent investment advisor will tell you that diversification it critical to mitigating your risk and maximizing your profit. As an asset protection specialist, I can tell you that diversification is even more important with you total portfolio of assets.
Most of you have assets that fall in one or more of the following categories:
- Personal real estate
- Investment real estate
- Private businesses
- Stock holdings
- Bold holdings
- Precious metals
- Intellectual property
- Art and collectibles
- Private placement debt holdings
Today I want to address what I feel is your number one risk point with your largest asset; litigation in regards to your real estate.
How many of you own personal real estate in your personal name? What about investment real estate held in your name?
If the answer to either of those is yes, you need to make some changes. In the ‘Great Reset’ we will see growth in litigation. There are already 1.2m practicing attorneys in the US and nearly 70% of all lawsuits filed each year worldwide are in the US. This is unlikely to decline with a growing trend of entitlement mentality and people seeking ‘wealth through litigation’.
If you own real estate deeded in your name, you should just print a t-shirt that says, “I’m rich, sue me”. Make sure it is white with a red bulls-eye.
Certainly to some of you this is preaching to the choir. But I will tell you that I speak with clients weekly who have large real estate holdings deeded in their name.
If you are ever sued for any reason, the plaintiff’s attorney will do a document search on you to find out his payday. By having your name on the deed, it is very easy for him to not only find your assets, but attach them as well.
Of course some of you may be thinking, “I only have a rental house (or 2, or 3), this asset protection thing is just for the super wealthy”. Ask yourself this question, “Can you afford to lose everything you have?” Because you never know when your next tenant is going to put a meth lab in the basement of your rental house and blow it up causing death or injury to some innocent bystander.
Of course that may sound extreme, but it could be something as simple as the tenant or their guest getting injured at the rental house. They will likely go back to the property owner as you will be perceived as the deep pocket.
In this scenario, not only is the house at risk, but so is any other asset you own as well as your income stream. Do you feel comfortable with that kind of risk?
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Proper asset protection planning can offer you privacy, litigation protection, estate planning and possible tax savings. There are even ways to make the property completely unattractive to your potential creditors as well.
I spoke with a British man in Zurich about a property he owns in California. The home was worth a considerable amount of money and using a family limited partnership and a trust, I showed him how he can completely eliminate his litigation risk, make the property invisible and unattractive to creditors, as well as virtually eliminating his estate tax burden (as it relates to this property). Does this sound appealing to any of you?
If so, call today for your free 30 minute consultation. You can also click here to subscribe to our free weekly newsletter. Until next week, live well.