September 4, 2004
By Michael Joseph
In the United States there is a new lawsuit
filed every thirty seconds. We have the dubious honor
of being the most litigious country in the world.
Not something we in the US should be proud of. The
US represents 20% of the world's economy, has 70%
of the world's lawyers and files more than 90% of
the world's lawsuits.
If you are a business owner or practice
a profession, you have one chance in three of being
named as a defendant in a lawsuit this year! By learning
asset protection concepts and strategies you could
avoid this fate!
Practicing due diligence when it comes to the work or your own
business no longer works as so many people file superfluous claims,
like the older woman who spilled hot coffee on herself and then
sued McDonalds! A lawsuit, divorce, catastrophic medical bill, a
negligence or injury claim exceeding any insurance you have or a
seizure by a federal agency could leave you penniless and in debt,
don't let this happen to you!
Learning the best way to protect yourself and or business from
financial ruin due to these litigations is to seek the advice of
an assets consulting group. They can help you in determining the
best way to secure you legacy from superfluous litigations.
Other concepts of asset protection are that of profit, asset protection
can help you maximize profits by taking advantage of the tax laws.
By using asset protection strategies you may be able to pass your
estate to your heirs without going through probate. This can save
both legal costs and inheritance taxes. It also offers flexibility
in this a time of litigation woes. Under the U.S. legal system,
the deck is stacked in favor of the plaintiff and against the defendant,
why not stack the deck in you favor?
