Many people know how to make money, but very few know how to protect it. At Van Eden Law, we understand the importance of asset protection and offer comprehensive strategies and tools to safeguard your hard-earned wealth from potential threats. The broad goal of asset protection is to provide you and your family with the comfort that comes from knowing that you cannot lose what you own, regardless of your legal problems.
You may believe that your wealth is safe and that you do not need asset protection. However, you may be deluding yourself by believing in one or more of the following myths:
Myth #1: “I won’t be sued because I’m too careful.”
Wrong! No matter how you live your life or what you do for a living, there is ample opportunity to get into legal trouble.
Myth #2: “I don’t need to protect my assets because I don’t have enough assets to protect.”
Wrong! How would you feel if you lost what few assets you do own? Wealth is relative, and you must treat your wealth accordingly. Whatever your wealth, it is precious to you. Protecting your assets is as important as protecting someone else’s millions.
Myth #3: “I don’t need to protect my assets because I’m insured.”
Wrong! First, liability insurance covers only about one in three lawsuits. Second, there are countless policy exclusions. Third, your insurance company will not readily defend a claim that is supposedly insured. The many “bad faith” claims brought against insurance companies prove this point. You cannot even be sure that your insurance company will in business when you need it. Insurance is a starting point, but it cannot replace a good asset protection plan.
Myth #4: “Asset protection is too costly and I cannot afford it.”
Wrong! Protecting your assets is not too costly and probably will not take more than a few hours of your time. The average family can gain strong protection for their assets for under a few thousand dollars. You cannot think of asset protection as an expense. It is an investment – a great investment – if you truly want financial security.
You can effectively blockade litigants and creditors from grabbing your assets only:
We utilize three basic strategies to protect your assets:
Additionally, we utilize eight tools (or “firewalls”) through different mechanisms to insulate your assets from creditors:
The essence of asset protection is not to use only one device to protect a particular asset, but to “layer” the protection by using multiple firewalls. The deployment of assets in different “baskets” is another good strategy. A creditor who must chase assets in several different directions is severely handicapped.
Let us assist you in setting up an asset protection plan to safeguard your hard-earned wealth from potential threats.
