Being Judgment Proof Can Stop Lawsuits! Leaders Without Limits, Inc.

With the economy still in a tailspin and money becoming tight, asset protection has become a hot topic in recent months. So what is asset protection and how can you make an asset protection plan that will work for you and your family?

Asset protection planning cannot be started when a judgment creditor is already on the horizon. Why? Because each state has laws that protect a judgment creditor against people who transfer their assets out of their names with the intent to hinder, delay, or defraud a creditor. In these situations, a court will see right through these "fraudulent" transfers and simply order that the transfers be reversed and the assets turned over to pay off the creditor. Instead, asset protection planning must be started long before there is any sign of a lawsuit.

As I warned above, however, if you try to start asset protection planning after a lawsuit has been filed against you, or even if before the lawsuit is filed you anticipate it being filed, then you will be exposing any asset protection planning that you attempt to do to attacks and reversal by a judge or jury. Unfortunately too many people are learning far too late that asset protection planning is also long term planning, 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. Mr. McCauley has lectured extensively on asset protection and related matters.

If you are interested in more information on asset protection planning, please contact Leaders Without Limits, Inc at 916.652.8122 or http://www.LeadersWithoutLimits.biz

Leaders Without Limits, Inc.
6100 Horseshoe Bar Rd., Suite C
Loomis, CA 95650

David McCauley is happy to provide his opinion on asset protection, business and lifestyle choices. This information is for general informational purposes only. It is not meant to replace the advice of your attorney and is not intended to constitute legal, investment, accounting, tax, or any type of professional advice addressed to any specific situation, individual or entity. If legal advice or other expert assistance is required, please contact your attorney directly.

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