ASSET PROTECTION

You can read hundreds of books and articles designed to help you make money, invest your money wisely, and accumulate wealth. This book contains nothing about those subjects. Instead, it shows you ways to protect what you have -- or what you plan to acquire -- from the increasing number of those who would like to take it away from you.

Many people are familiar with the concept of tax planning. This book addresses the subject of asset protection planning. Along the way, you will also learn how to avoid probate and estate taxes, how to incorporate your business without an attorney, and how to reduce or avoid state income taxes. And to do it all legally, properly, and safely. Most of all, however, you will learn how to keep the Big Bad Wolf outside your door, and away from the assets you have worked so hard to earn.

We all know the story of the Big Bad Wolf -- how he blew down the houses of the improvident pigs who lacked their brother's foresight. Well, in modern America the Big Bad Wolf blows down weak houses with paper, not with heavy breathing: with expensive litigation, judgment liens, and writs of execution that knock down the walls and seize what's inside. But the Wolf can be defeated by a properly constructed house -- and that's where asset protection planning comes in.

Asset protection planning shows you how to legally and honestly keep what you have earned and enjoy it; while making it close to impossible for others to take the fruits of your labors. It is not a way of cheating legitimate creditors, but it is a way of controlling your exposure to vexatious and possibly frivolous lawsuits. Before we begin, please note: the strategies outlined throughout this book are most effective if you use them before you get into serious trouble. Don't wait until the Wolf is at the door to start laying bricks!

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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