THE SAFE PATH

There is a safer path -- one that avoids the pitfalls described above. I describe it below in full detail, and in easy to grasp chunks that you can learn in a single sitting. In Chapter Two, I explain the legal significance of a judgment, and teach you more than most attorneys know about how judgments are collected. In Chapter Three, I talk about the various possible forms of property ownership, and which forms are best in which situations. Chapter Four describes the law of fraudulent conveyances, and how you can legally and properly avoid it. Chapter Five explains how proper estate planning can also be effective asset protection planning. Chapter Six treats asset protection for small businesses and closely held corporations.

Chapter Seven examines some of the world's worst ways of owning assets, and how to get out of such situations if you are in one. Chapter Eight talks about the tax consequences of asset protection planning. Chapter Nine discusses "homestead," "pension protection," and "garnishment" laws, how they differ among states, and why they are important. Chapter Ten pulls these various strands together, and explains how to draw up your own, personalized protection plan. Chapter Eleven (appropriately!) tells you what to do if, unlike most people who read this book, you are not able to make use of the asset protection strategies described here, and are forced to consider the more drastic -- but not necessarily unpleasant -- alternative of bankruptcy. Finally, Chapter Twelve explains how to live comfortably with your asset protection plan, using it to reduce your living expenses and simplify your life.

Every chapter is followed by a set of questions or forms for you to use in reviewing what you learned and putting it to work. Write out your answers to these questions, and fill out the forms as you go. Please DO NOT read the chapters out of sequence -- they are designed to build on each other, and things said in later chapters will make no sense, or may even be misleading, without the knowledge gained in earlier ones.

So read the book, complete the worksheets, implement the plan, and then let the Big Bad Wolf huff and puff all he wants, while you sit back in your brick house and smile.

 

Copies of the entire Masselli & Lane, P.C. ASSET PROTECTION HANDBOOK are available on request.

 

TABLE OF CONTENTS 

 

 

INTRODUCTION:ASSET PROTECTION

FIRST SECTION: THE NEED FOR PROTECTION

SECOND SECTION: LOSING STRATEGIES

THIRD SECTION: THE SAFE PATH

 

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