Tax Planning by Jay Mitton - The Tax Guru Himself
The Father of Asset Protection
September 21, 2004
By Michael Joseph
Dr. Jay Mitton the author of "Cover
your assets - Lawsuit Protection" helped to start
the whole asset protection boom. By using asset protection
strategies as his tax planning tools Dr. Mitton helped
show other doctors that they could protect their assets
and interests. With such strategies doctors could
lessen the burden of overly litigious lawyers and
avoid the numerous judgments and liens against them.
With such asset strategies as the trust,
the Limited Liability Company and offshore investment
groups, Dr. Mitton helped not only doctors but not
the common person who was unable before to protect
their assets from seized by overly litigious lawyers.
What were some of those concepts and strategies that
Dr. Mitton wrote about? As I said before the trust, which has been
around for sometime, but Dr. Mitton needed to reintroduce it as
a viable vehicle for the crafty financer to show that anyone can
help themselves. Another is the limited liability company, which
reduced risk for the investment holders and worked very well in
conjunction the numerous types of trusts. As well as the various
types of offshore investment opportunities and how they could be
combined with the above concepts to form an incredible asset protection
mechanism that the average person had never before dreamed was possible.
How should I follow Dr. Mitton's financial example? By looking
for the asset protection plan that fits you and your unique financial
needs as no one has exactly the same needs. Find best plan for you
and have an Asset Protection Agency help you evaluate the various
strategies and decide on one that is suitable to you and your finances.
Once you have all the information you need go out there and expand
those assets as far as you can, and remember the man who brought
this to the average person Dr. Jay Mitton.
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