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You must use corporate protection in addition to other Asset Protection tools to get the most efficient protection.
#assets #presser
For a corporation to give you inside out protection you must transfer ownership of your assets (car, house, boat, paintings, etc.) to your corporation where you would no longer personally own these assets.
However, you can never safely use the corporation alone to shield your assets as creditors may try to obtain your corporate shares in satisfaction of your debt instead.
#assets #presser
An S corporation provides the same protection as a C corporation -- they only differ in how they are taxed. There are also restrictions on who can be shareholders in S corporations (shares cannot be owned by other entities).
#assets #presser
If you missed my interview on Issues Today with Bob Gourley, you can listen to the clip here:
http://www.assetprotectionattorneys.com/Book_Publications...
Issues today is a 30 minute weekly program addressing issues that affect all Americans.
#assets #presser
Does asset protection really lawsuit-proof your wealth? See the answer on The Presser Law Firm, P.A. Blog.
http://www.assetprotectionattorneys.com/Asset_Protection_...
#assets #presser
Q. When is a business too small to incorporate?
A. No business is too small to incorporate because no business is safe from lawsuits.
#assets #presser
Community property ownership is only recognized in a limited number of states (specifically only nine states). Community property is the holdings and resources owned in common by a husband and wife.
Florida is NOT a community property state, but rather a Tenancy-by-the-Entirety state.
#assets #presser
Article on Asset Protection written for Forbes
http://www.facebook.com/notes/hillel-presser/article-on-a...
How costly is a good asset protection plan? See the answer on The Presser Law Firm, P.A. Blog.
http://www.assetprotectionattorneys.com/Asset_Protection_...
#assets #presser
Tenancy-by-the-Entirety is a type of concurrent estate in real property held by a husband and wife whereby each owns the undivided whole
of the property, coupled with the right of survivorship so that upon the death of one, the survivor is entitled to the decedent's share.
Tenancy-by-the-Entirety is the most protective ownership assets may have as a creditor must be the creditor of both the husband and wife to reach assets owned in a Tenancy-by-the-Entirety.
#assets #presser
Joint tenancy is a type of ownership of real or personal property by two or more persons in which each person owns an undivided interest in the whole.
Joint tenancy presents the same problems as Tenancy in Common when it comes to exposing assets to creditors.
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Also - hear my interview regarding the topic, "Will You Be The Next Victim In The Lawsuit Epidemic?" with Tron Simpson LIVE tomorrow 12:30 ET/10:30 MT on KCMN-AM 1530/KCBR-AM 1040 (Colorado Springs, CO).
#assets #presser
If you missed my interview on Live Line with Dr. Rus Jeffrey, you can listen to the clip here:
http://www.assetprotectionattorneys.com/Book_Publications...
On Live Line, Dr Rus provides in-depth coverage of key stories in your hometown. Dr. Rus chats with both State and federal governmental leaders, along with many other important local government officials, top selling authors and a twice monthly show dedicated to health.
#assets #presser
How can asset protection improve your other financial objectives? View the answer on The Presser Law Firm, P.A. Blog!
http://www.assetprotectionattorneys.com/Asset_Protection_...
#assets #presser
Tenancy-in-common is a form of concurrent ownership of real property in which two or more persons possess the property simultaneously; it can be created by deed, will, or operation of law.
Tenancy in common is often a dangerous form of ownership because each of the co-tenants interests are vulnerable to his or her creditors.
#assets #presser
The four types of co-ownerships are; 1) tenancy-in-common; 2) joint tenants with the right of survivorship; 3) tenants-by-the-entirety; and 4) community property.
#assets #presser
If you missed my interview on the Frankie Boyer Show, you can listen to the clip here:
http://www.assetprotectionattorneys.com/Book_Publications...
The Frankie Boyer Show is nationally syndicated and covers entertainment and general topics from finance to health.
#assets #presser
If I have a good asset protection plan, can I forego liability insurance?
Find the answer to this question and many other previous questions on The Presser Law Firm, P.A. Blog!
http://www.assetprotectionattorneys.com/Asset_Protection_...
#assets #presser
I am being interviewed by Larry Bofman on KKNT-AM 960 (Phoenix, Arizona) regarding the topic, "Will You Be The Next Victim in The Lawsuit Epidemic?"
Tune into the interview LIVE tonight at 8:30 PM ET.
For those who miss the interview on the radio, it will also be simulcast on the internet at www.KKNT960.com.
#assets #presser
Co-ownership planning is the concurrent ownership of property by two or more people. One form of co-ownership planning is tenancy-by-the-entirety. Twenty-five states, at least to some extent, protect assets owned by spouses as T/E against the creditors of only one spouse. #assets #presser
Exemption planning is the process of re-organizing one's wealth so that much of it is protected (or 'exempt') by law from creditor attachment, even though it is still owned by that individual.
#assets #presser
Click on the link to read an article regarding tips for safeguarding your assets.
http://www.facebook.com/note.php?saved&¬e_id=1...
#assets #presser
How does Asset Protection discourage lawsuits? Go to The Presser Law Firm, P.A. Blog for the answer.
#assets #presser
http://www.assetprotectionattorneys.com/Asset_Protection_...
A court once noted that an attorney who represents a client under a creditor attack should, "protect [the client] from the claims of the creditor to the fullest permissible extent." #assets #presser
When marital assets are titled to both spouses, the spouses can more advantageously plan their estate because each can use credit shelter trusts to maximize their death tax credits. #assets #presser
I will be interviewed by Mary Jane Popp on the Poppoff with Mary Jane Popp regarding the topic, "Will You Be The Next Victim in The Law Suit Epidemic?" Tune into the interview on KAHI-AM 950 on Thursday, April 19 2012 at 1:30 AM ET, 10:30 PM PT.
For those who can't listen to the interview on the radio, it will also be simulcast on the internet at www.kahi.com.
#assets #presser
Restructuring an entity's assets for it's owners debts usually does not involve a transfer and is therefore not considered to be a fraudulent transfer. #assets #presser
Hillel Presser is being interviewed by Bill Lusby on WNAV-AM 1430 (Baltimore, MD) regarding the topic, "Will You Be The Next Victim in The Law Suit Epidemic?" Tune into the interview LIVE on WNAV-AM 1430 tomorrow (Friday) April 13, 2012 at 8:35 AM ET.
Host Bill Lusby covers topics from politics to finance and more!
#assets #presser
Avoid insider transactions. Transfers to family members, friends, or close business associates are always suspicious. #assets #presser
Financial Advisor Magazine: LAWYER REVEALS WAYS TO PROTECT ASSETS FROM SUITS
http://www.facebook.com/notes/hillel-presser/financial-ad...
Aside from not losing your assets to lawsuits are there other benefits of asset protection planning? Read our blog for the answer! #assets #presser
http://www.assetprotectionattorneys.com/Asset_Protection_...
You should always protect yourself:
1. Well before your marriage turns sour and heads for divorce;
2. Before someone threatens you with a lawsuit; and
3. Before your business starts going under.
#assets #presser
The best time to protect yourself is before a creditor threat is foreseeable. #assets #presser
Read an article about Hillel Presser on Nova Southeastern University's Website.
Given that asset protection is legal - what about the ethics or morality of preventing creditors from getting paid? See the answer on The Presser Law Firm, P.A. Blog. #assets #presser
http://www.assetprotectionattorneys.com/Asset_Protection_...
There are five dimensions that an asset protection planner must address in order to construct a truly effective plan: these are the what, when, how, why and where of asset protection. #assets #presser
Check out the Presser Law Firm P.A. Google + Page.
#assets #presser
When you protect your assets, you gain four main advantages:
1. Discourage lawsuits.
2. Lower or eliminate insurance costs.
3. Improve your overall financial planning.
4. Prevent loss of your assets if a claim is made against you.
#assets #presser
Hillel Presser Helps an NFL Star Get Cleared of an Alleged Ride-Pimping Scheme. #assets #presser
See the article here:
Is it legal to shield assets against lawsuits and creditors? Check out the answer on our website blog. #assets #presser
http://www.assetprotectionattorneys.com/Asset_Protection_...
Hillel Presser is being interviewed on Lifestyle Talk Radio Network by Frankie Boyer regarding the topic, "Will You Be The Next Victim in The Lawsuit Epidemic?" Hear the interview on the internet at www.lifestyletalkradio.com on Monday, March 26 2012 at 11:00 AM ET. #assets #presser
The legitimacy of asset protection planning is best evidenced by the many trade and scholastic books available on the subject. assets# presser#
The unfortunate reality is that no matter how safe and secure we think we are, we are each exposed to liability and financial hazards regardless of our lifestyle, occupation or how carefully we live our lives. #assets #presser
Hillel Presser is being interviewed by Dr. Rus Jeffrey on Wack-AM 1420 regarding the topic, "Will You Be The Next Victim in The Lawsuit Epidemic?" Tune in to the interview on 1420 WACK-AM Radio tomorrow at 8:35 AM ET to hear the interview.
Hillel Presser settles a contract dispute with Walmart on behalf of Andre Johnson.
See the story here: http://www.facebook.com/note.php?note_id=10150612707232724
If I have liability insurance, do I still need an asset protection plan? Check out our blog for the answer. #assets #presser
http://www.assetprotectionattorneys.com/Asset_Protection_...
Virtually every American with any assets needs protection. #assets #presser
Quoting the Supreme Court, "A debtor [who is sued] need not be like a deer frozen in the headlights of an onrushing auto. The debtor still has within his rights the opportunity to attempt to put his wealth beyond harms way." #assets #presser
Do most lawsuits involve small amounts of money or are they wealth threatening? See our blog for the answer. #assets #presser
http://www.assetprotectionattorneys.com/Asset_Protection_...
Contrary to popular misconception, a fraudulent transfer isn't a crime. It's a civil remedy. #assets #presser
Fair consideration is the price for which a reasonably prudent seller would sell his property in a commercially reasonable manner. #assets #presser