Today’s top coaches and educators have gained much success first learning, and then teaching others in the areas of personal achievement, health and fitness, relationships, time and life management, career and business, real estate investing, personal finance and money management, just to name a few. While it’s extremely rewarding, and profitable, to help others with […]
We live in a country that prides itself on hard work and financial success. The people who have achieved those goals are getting smaller in numbers. Those successful enough to make $2 million, $5 million, $10 million or more should be among the happiest and most financially free people on the planet. Yet too often
An Introduction to Financial Freedom Feasability Read More »
At the level of individual assets, you need to make sure each one is in the right place. By considering the type of asset, its risk potential, and how it can affect your other assets, you can lay the foundation for a solid asset protection structure. Your goal should be to achieve the following:
Putting each asset in the right place Read More »
A domestic asset protection trust (DAPT) is a self-settled spendthrift trust (SSST) created in one of the U.S. states that allow for their creation. There is some question as to how effective they are as stand-alone asset protection tools, especially when a dispute crosses state lines. Though DAPT’s are relatively new, here are 3
How effective is a domestic asset protection trust when used alone? Read More »
In addition to safeguarding your wealth while you’re alive, you want to make sure it can be passed on to your loved ones after you’re gone. Many people accomplish this through the use of a revocable living trust as part of their estate plan. While a revocable living trust does not provide asset protection,
Pieces of the puzzle: Revocable living trust Read More »
You only need to turn on the news to hear about the latest legal battle playing out in the courts. Tens of thousands of lawsuits are filed every day all across the country. Everyone sues everyone: strangers, employers, friends, even family members. Litigation is such an accepted part of the culture that a lawsuit is
Predatory Litigation: A threat against your wealth Read More »
As a specific legal field, “asset protection” has only been around for a relatively short period of time. However, its origins date back to ancient times. Tracing its roots allows us to see the big picture and understand how this important practice area developed. Here are some important events in the history of asset protection.
History of asset protection: A timeline Read More »
The limited partnership (LP) is a popular type of business entity for managing wealth among both family members and investment groups. The LP has a host of advantages, including tax reduction and the efficient transfer of wealth from one generation to the next. More recently, it has become an integral part of asset protection planning.
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Asset protection is not about hiding your wealth from the IRS to avoid paying taxes. However, a comprehensive asset protection plan takes into account all legal avenues of protecting your wealth. Sometimes, you can use asset protection in conjunction with tax reduction strategies to maximize your benefits. One example of this is the income tax
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If you’re looking for true financial freedom and peace of mind, the importance of asset protection can’t be overstated. But what makes for a great asset protection plan? How do you wade through the abundance of options out there, all claiming to be the best? Other than the most obvious qualification (that it works!), there
What distinguishes a great asset protection plan? Read More »
Sollertis is a law firm with the sole focus of helping business owners achieve financial freedom. Through personal and business asset protection, together with aligned legal strategies across all your areas of life, we will help you organize, setup, protect, and grow your wealth.
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