Yes, You Need Asset Protection
Hillel L. Presser, Esq., MBA
Asset Protection Attorney, Author, Vistage Speaker/Member
Do you think that you don't need Asset Protection? That you're too poor; that you have too few assets to protect; that you're too careful; that nobody would sue you? Or maybe you think you’re protect because you have a trust. Nonsense! Let's tackle these myths one-by-one.
Wealth is Relative
If you consider yourself too poor to need Asset Protection, how would you feel if you lost what few assets you do own? Your rusty old car and tiny bank account are mighty important when it's all you own. I get calls from people throughout the country worried sick about lawsuit or creditor problems. These hard-working folks sometimes have no more than a few bucks in the bank. Still, their wealth is precious to them. Protecting their few assets is as important as protecting a millionaire's millions!
Life is a Financial Minefield
The second myth is that you can't foresee anyone suing you. No, you don't need to be negligent, a lawbreaker or a deadbeat to lose your wealth. Even the most cautious and prudent among us get side-winded. Bad things happen that may not be your fault. And since bad things can happen to good people, they can happen to you.