Jay Mitton Asset Protection

Learn About The "Father Of Asset Protection"

July 4, 2004
By Monish Datta

Asset protection is the process of taking steps to minimize the risk of creditors or other claimants from being able to reach your assets. Jay Mitton Asset Protection arranges one's affairs as to minimize the risk that one's wealth will be seized, either by prospective litigants, future creditors, or a taxing authority.

Jay Mitton is an attorney and a CPA. He believes that through simple mistakes, commonplace activities, and acts of goodwill, nearly all of us are at risk of being sued. He was recently voted as one of the top 3 speakers in America, has taught over 1.3 million people.

Jay Mitton's Asset Protection lectures are held at the largest convention centers across America including NeW York's Madison Square garden, the Chicago United center, the Dallas reunion Arena and many more such venues.

Jay Mitton is often referred to as the "Father of Asset Protection". He is one of America's foremost expert on financial protection.

The following are a few examples of asset protection :
Consider establishing your business as a corporation or limited partnership rather than as a proprietorship or partnership. A corporation's obligations are limited to its assets so this structure can provide protection for your personal assets.

Invest by way of registered secured debt and minimize your investment in share capital. Have your lawyer register your security, providing a charge, or secured claim, against all the assets of the business.

Hold assets such as real estate and equipment in a leasing company that is a sister or parent company of the operating entity.

Carry on operations in a subsidiary of a holding company.

Distribute accumulated earnings to the holding company by way of tax-free intercorporate dividends. If required, funds can be loaned back to the operating entity on a secured basis.
The benefits to be achieved by a asset protection should not be considered in isolation but in relation to the other aspects of a Business Plan and the personal financial plan, including family law implications. Implementing creditor proofing can yield big benefits in protecting the assets that you worked so hard to attain.