Stability, Integrity, Trust
I had just been to the best asset protection seminar that I’ve ever been to. What I learned was fantastic, exciting and would be worthwhile to check out.” – Donna, Business Owner
“In this economy, Mr. McCauley’s suggestion to incorporate my business was the single most important thing I could do.” – Mike, Business Owner
“Most people don’t really give asset protection much thought until they need it, but then it can be a real lifesaver.” – Thomas, Retired
Workshops & Live Events
A lot of people say they don’t need to protect their assets as they do nothing wrong and don’t generate liability.
We’ve got bad news for them. The court dockets are filled with unjust cases being brought against good people. A number of times the good guys lose as well.
Don’t rely on chance. Take steps now to make sure you and your family’s wealth and assets are protected.
Call 1 (877) 652-1868 to pre-register for our next asset protection event, seating is limited. We are your asset protection professionals.
As Featured on News10
Rise in Litigation Urges Asset Protection Planning ~ Your chances of being sued
multiplies as your assets increase. Take control of your financial potential.
Asset protection is the process by which one employs strategies and legal structures designed to shield your assets from the reach of lawyers, creditors, unethical business partners, foreclosure deficiencies, former or current spouses, the IRS and greedy lawsuit-obsessed citizens. A well-designed asset protection plan builds a protective fortress around your estate and guards’ family wealth from external creditor attack. The most effective asset protection plans contain multiple layers of protection, so that even if a creditor can defeat one protective device there are other impediments to the creditor’s attack.
Asset protection is therefore a vital part of every estate plan and a well-prepared plan will protect you from exposure to judgments arising out of lawsuits. Asset protection planning does not involve “hiding” assets as the techniques used by Leaders Without Limits, Inc. are fully within the boundaries of the law.
Build your life and business without fear of loss. Time and again, successful individuals watch as their hard-earned personal and business accomplishments disappear because they failed to protect that success, allowing the fruits of their labor — their assets — to become a target; a financial opportunity for a disgruntled employee, accident victim, or as part of a deep-pockets, legally premeditated financial assault, as a new lawsuit is filed every twenty seconds in America.
Many of these lawsuits have nothing to do with right and wrong, but instead, are predicated on the desire of one party to extract wealth from another party. In many cases, this desire is not for real wealth but only a desire to extract small payments as “nuisance” settlements because it usually cost less to pay than to fight.
While many people know how to make money, few know how to protect it. We provide attorney-assisted asset protection formations to withstand whatever degree of scrutiny is ultimately applied. With asset protection planning in place, there is no need to hide, it simply works!
Preserving Wealth & Lifestyles ~ Assigned vs. Real Value ~ Asset Transfer
Your mortgage is a real estate investment transaction, but your home’s real value is found in the security it provides you and your family; human, as well as financial equity built over time. Likewise, the full value of your small business can’t be found exclusively on an annual profit and loss statement, but more so in the quality of life it affords. Mr. McCauley’s Asset Protection Workshops and attorney-assisted strategies will help you design a road map to security based upon your unique needs, all supported by established case law designed to protect what you value most.
More and more people are using the legal system to deprive others of their life’s work. Over 80 million new lawsuits are filed in the United States every year, many of which are frivolous or settled for sums greater than the actual liability. That’s one lawsuit every thirty seconds! The U.S. has 5% of the world’s population and 80% of the world’s lawyers. 94% of all lawsuits in the world happen right here in the U.S. And it’s getting worse. According to the American Bar Association, there are close to 1.2 Million lawyers in practice in America. That’s over one attorney for every 400 men, women and children! Imagine that many hungry lawyers looking for clients with a reason to sue?
Without a massive overhaul of our legal system, the risk and potential liability is not going to decline. In fact, it has steadily increased over the last few decades. You do not need to be rich to engage in asset protection planning. We all have assets worth protecting. Whether your home equity is $300,000 or $3,000,000, the emotional attachment and the need to protect it is the same.
Responsibility, in terms of financial security, means taking pro-active measures that safeguard your (and your family’s) financial future. Moreover, many consider it to be your legal and moral obligation.
Life, health and auto insurance are a few of society’s expectations under the “responsibility” rule, but true financial security — the ability to weather a lawsuit or other legal/tax/property threat — requires the professional assistance of a qualified asset protection planner long before a threat takes shape. When the “unplanned” happens, is your financial security well defended? A few hours of your time now with an asset protection planner could spare you a lifetime of regret and unnecessary financial loss.
“I’m not going to get sued…. I don’t do anything to hurt anyone.” Are you sure
about that? Protecting your equity from lawsuits.
What’s the best way to hold title to your home or other personal assets? If you own your assets in your individual name or within a revocable living trust, you put yourself and your family at undue risk of paying for the mistakes of others.
What type of lawsuits are most likely to result from individual ownership? If you have repairmen or invitees at your home, drive a car, have children under the age of 18 years old, have animals, participate in sports, borrow money or use credit cards, you stand to be sued and all of your personal assets will be up for the taking. Due to the economy, liability insurance is simply not enough anymore.
The most common type of trust one finds in the U.S. is the so-called living trust. This is a great estate planning tool that helps transfer an estate smoothly from parents at the time of their death to their children without going through probate. While the parents are alive they retain total control and enjoyment of the assets within the trust.
The living trust is a good example of what is called a revocable living trust. A revocable living trust is a trust that the settlor can change or even revoke at any time. In other words, the settlor has complete control over all the assets within the trust. When it comes to asset protection, a revocable trust such as a living trust is completely useless. The assets in the trust are essentially the assets of the settlor since he can revoke the trust at will. The courts do not respect a revocable trust when it comes to the collection of a court judgment.
A first-class asset protection plan will either eliminate lawsuits entirely or force them into immediate settlements. Don’t think of asset protection as an expense. It’s an investment – and a great investment – if you want financial security!
- Family Limited Partnerships vs. Stand-alone Revocable Living Trust
- Joint tenancy, tenancy by the entirety, tenants in common, community property
- Avoiding joint liability of your spouse’s debt
- Protecting jointly-held property
- Estate Planning and tax reduction benefits
- Revocable and Irrevocable Trusts (Probate Avoidance)
- How to protect new assets from old judgments
Business Owners Risk It All by Not Incorporating ~ Protect your assets forever!
Forming a corporation is one of the most valuable and versatile steps you can take in promoting your financial well being. The number one reason for forming a corporation is protection from personal liability.
Is your business a Sole Proprietorship, or are you engaged in a General Partnership (both not so great business structures) or a Revocable Living Trust, all of which can leave your personal assets exposed; an easy target for a lawsuit? The State of Nevada has some of the most cutting edge asset protection options in the country. Many client’s tap into Mr. McCauley’s wealth of knowledge and experience to assist them in making a wide range of strategic business decisions.
In the sole proprietorship, the business is the individual, even though the individual may be conducting the business under a trade name. The sole owner has full authority and responsibility for all business decisions, owns all property as an individual, assumes unlimited liability for all debts of the business, and is taxed as an individual. Personal assets are for limited partnerships; business assets are for business entities.
- Why incorporating is a preferred asset protection and tax strategy for most small businesses
- What type of corporation suits most small businesses best?
- Protect your profits and reduce your taxes
- Earn more – Keep more… Run your life like a business
- Own Nothing, Control Everything
- Avoiding the “hot list” of potential lawsuits
- Easy Corporate Minutes/Documentation Solutions (Compliance requirements)
- How to take advantage of your Corporation or LLC. Ownership has privileges; know them, and take your business to a new level of success.
When a Lawsuit or Judgment is Filed Against You ~ Learn eleven things you
must do to provide limited liability
Even if you suspected a lawsuit in the near future, current laws prohibit asset protection. If you are having difficulty with the law or the IRS, you should never transfer assets to another person or entity to keep the assets protected. This will ultimately get you in trouble.
When the wolf is at the door, there’s no time left for protecting your assets, as any attempt to do so will be considered – by state law – a fraudulent conveyance. This includes any attempt to hinder, delay or defraud a creditor, or guard against a potential lawsuit or claim on the horizon.
Most states have laws that prevent individuals from suddenly attempting to “hide” assets by improperly transferring them out of their name to avoid a creditor, and can force any transfer to be reversed. Even if you are not in trouble with the law or IRS, fraudulent transfers are never a good idea. You should consult with an attorney before making any transfers to determine if such transfers will be considered fraudulent.
Asset protection is purposeful planning long before a need arises, not something that can be done as a quick or temporary fix. The good news is that protecting your assets is a lot less complicated – and a lot less expensive – than you probably imagine.
We are dedicated to helping our clients make educated, informed decisions about protecting their assets and will work with you and your team of financial advisors and CPAs to implement a highly sophisticated and effective estate plan that allows for ultimate asset protection and the maximum transfer of assets to your loved ones.
How to start over and protect your new assets from old judgments. Run your life like a business.
If you are interested in more information on asset protection planning, please contact Leaders Without Limits, Inc. toll-free at 1 (877) 652-1868
Legal Notice and Disclaimer
All information contained herein, or presented during educational events, is provided for general informational purposes only, and does not, and is not intended to, constitute legal, investment, accounting, tax, or any other type of professional advice addressed to any specific situation, individual or entity. If legal advice or other expert assistance is required, the services of a person in those professions should be sought. We will be happy to provide references to attorneys or other appropriate professionals upon request.
Leaders Without Limits, Inc. Copyright © 2009-2018. All Worldwide Rights Reserved.