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    Asset Protection for the Rest of Us: A Layman's Guide to Asset Protection Planning
    Asset Protection for the Rest of Us: A Layman's Guide to Asset Protection Planning
    Asset Protection for the Rest of Us: A Layman's Guide to Asset Protection Planning
    Ebook56 pages27 minutes

    Asset Protection for the Rest of Us: A Layman's Guide to Asset Protection Planning

    By Michele Williams

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    About this ebook

    "Asset Protection for the Rest of Us" is an easy to read layman's guide for any individual, family or small business owner who is interested in protecting their assets from lawsuits. The book was written specifically for individuals who may not have net worth in the millions; however, they aspire to keep and protect what they have earned. If you are considering taking the next step towards protecting your assets, then this is the guidebook for you!
    LanguageEnglish
    PublisherBookBaby
    Release dateNov 14, 2014
    ISBN9780989449410
    Asset Protection for the Rest of Us: A Layman's Guide to Asset Protection Planning

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    • 4/5
      Good quick overview on asset protection with a list of actionable items to get started and a list of questions to vet asset protection lawyers.

    Book preview

    Asset Protection for the Rest of Us - Michele Williams

    This publication is designed to provide accurate information in regard to the subject matter covered. It is for informational purposes only. The author is not engaged in rendering legal or other professional advice. If legal advice or other expert assistance is required, the services of a competent professional person should be sought.

    Copyright © 2014 by Michele Williams.

    All rights reserved. This book, or parts thereof, may not be reproduced in any form without permission.

    Cover Designer: Donna Casey, www.digitaldonna.com

    ISBN: 978-0-9894494-1-0

    This guidebook is dedicated to hard-working individuals, families, and small business owners who may not have a net worth in the millions; however, they aspire to keep and protect what they have earned because it is of tremendous value to them!

    Table of Contents

    CHAPTER I Introduction to Asset Protection

    Living in a Litigious Society

    What Is Asset Protection?

    Insurance – The First Line of Defense

    CHAPTER II The Benefits of Asset Protection

    Asset Protection Structures

    Federal and State Exemptions

    Protecting Your Assets in Sickness and Health

    Protecting Your Business

    CHAPTER III The Essentials

    Key Points of Asset Protection

    Cost of Asset Protection

    Asset Protection Primer

    CHAPTER IV What’s at Stake?

    Value Recognition of Assets

    Anatomy of a Lawsuit

    Fictitious Scenarios

    CHAPTER V Getting Started

    How to Pick an Asset Protection Lawyer

    Warning...Approach with Caution

    Summary

    Action Plan

    Author’s Note

    Endnotes

    The purpose of this guidebook is to accomplish the following:

    1) Raise the level of awareness about Asset Protection for individuals, families, and small business owners.

    2) Discover the value of recognizing personal assets and the importance of protecting them.

    3) Initiate the process of hiring an experienced asset protection attorney who will construct a plan based on your needs.

    CHAPTER I

    INTRODUCTION TO ASSET PROTECTION

    Building a Wall Around Your Assets

    Living in a Litigious Society

    You may have a difficult time trying to understand the importance of asset protection when you view your own personal assets as minimal. Asset protection may seem like a ridiculous concept if you are not on The Forbes 400: The Richest People in America list. Nevertheless, how would you feel if a car accident, a tenant, or employee caused a lawsuit that partially or fully altered your lifestyle? Just think what would happen if you lost your home, business or financial accounts. Unfortunately, this can become a reality for many individuals and small business owners because we live in a litigious society and anybody has the potential to be sued. Wealth is relative and can

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