Anonymity Is Your Best Asset Protection Strategy

Is anonymity the best form of asset protection? Asset protection is vital to many real estate investors who are trying to build a legacy. In this video, Clint Coons, Esq. will discuss why anonymity might be the best form of asset protection against lawsuits.

Clint Coons Esq. has spent many years building up a strong, real estate empire that has required him to implement asset protection strategies that have aided him greatly over the years.

"A lot of people don't grasp the benefit of using tools that reduce your overall risk exposure through anonymity planning." 0:18

Together, we can discuss the importance of anonymity and its uses for asset protection.

Don't fall victim and allow others to take away your hard-earned assets. There are ways to legally protect yourself and your things, which is one of the reasons we made this video.

Helping you learn and spreading the knowledge we’ve accumulated over the years is always a pleasure.

We hope that you have found our talk on anonymity and its benefits for asset protection helpful.

Remember to like, share, and subscribe to the channel as a means to show your support and help us reach a wider audience.

Comments are always welcome as long as they are positive. We pride ourselves on inspiring a positive, healthy community, so please remain respectful, and we will try our best to reach out to you.
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ABOUT CLINT COONS

Clint Coons, Esq. is one of the founding partners of Anderson Law Group, Clint has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.

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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

#assetprotection #anonymity

[mikecardenas_]

Explained so clearly. That’s the first I’ve heard of the PPT. Great info!

[JessieCarter-yyhp]

I want this so badly before we move forward with our LLC's, however the "cash hit" up front to have it done was too much for us, as we are just starting out and our funds are extremely limited but the whole idea and setup is amazing !

[lhlh]

If someone has several rental, retirement saving and brokerage accounts. How much is the estimate cost of setting these up and cost of filing taxes vs just buying umbrella insurance? I am confused?

[konstantbloggerkbtv]

That's right the nominee sets it up

[ottertubetv]

Great info. At what level of wealth would you consider this service to be a beneficial consideration?

[bobjohnson]

Hi CLint, I've heard none of these strategies work if the property is already purchased in your name and you are trying to create entities after the fact since your personal information has already been collected. This is what my TX lawyer tells me. This only works for net new properties you are planning to purchase and getting it set up during the purchase process.

[kriskris]

For primary residence, if we buy it cash under a land trust and then try to refinance it, will it work or is it better to take title under our name first, get the cashout done and then move it into a land trust?

[alliesteamc]

Mr. Coons, did you say one can put their life savings in Wyoming LLC but can you explain how to do that ie is that capital contribution but can you take capital contribution out without any taxes or leaks to any taxes? We know not good to put money in c corp because one has to pay unemployment taxes etc taxes so one loses lots to taxes when one takes out one’s own money. So how
to protect one’s life savings?

[alliesteamc]

Can you explain how and where to put one’s life savings. You mentioned put in LLC can you explain in detail how to do that ie is that capital contribution? Can one take out capital contribution from LLC without any kind of taxes? We know there is no way to take our money from c corp without paying unemployment taxes etc.

[Bryan-wlmj]

Does the Wyoming parent holding company structure provide any benefits over using multiple unrelated Wyoming operating companies instead? Correct me if I'm wrong but, if being sued wouldn't it be safer and more beneficial to have unrelated Wyoming LLCs instead of holding all LLCs under one Wyoming LLC?

[EugeneMendelevich]

Hi Clint, how do you preserve your anonymity after setting up this structure when you have to sign "lease agreement"? For e.g., my understanding is that you would sign: <Your Name>, manager, WY Holding LLC, member, XYZ LLC If that's the case - you just gave away your name to your future tenant, so how do you do it w/o blowing up anonymity then?

[MarlonKingShow]

Thank you, wonder if this is possible in UK?

[kutlessmedstudent]

i'm really confused, b/c when i talked to a lawyers in Wy over the phone, what they told me is that a series LLC is not tested in the courts so it's best to put each property in a separate LLC. also no matter how hard you try to remain anonymous, once sued, the courts will ask you to have the LLC disclose all assets, owners, and structure. and your lawyer will have to disclose everything about you as they won't get into trouble for you.

[konstantbloggerkbtv]

Wyoming Delaware and Nevada each offer members LLCs whereas the Grantor or the person setting up the LLC resigns as soon as it's set up so they never see who actually owns it I learned that from you first and a couple others.

[ladyv]

Can they call the due on sale if they look at the Texas LLC and see that you're not the owner and it's just another LLC?

[Davion_savant]

Hello Clint, if the second trust request for managers names to form will it usually be acceptable to but only the holding or llc names alone ?

[bross]

Happy new year Clint!
Quick question! I created my WY LLC w nominee manager but now how do I protect the veil of that WY LLC when obtaining funding and creating misc profiles like online domains etc ? Example:
Does making a DNB profile which entails all my contact info linking me to the LLC pierce my veil ?

[denbleygv]

I thought you said in another vid that you cannot stay anonymous is tx bc you have to abide by their laws and they dont work under anonymity.

[realforsmanable]

Clint, love all your videos, The question I have is when you set up your Wyoming LLC and in my case a Virginia LLC for real estate how do you find registered agents? and I Assume you want them for both states for anonymity is that correct.

[bamideleolora]

Do you know any states including District of Colombia that have perpetual corporations?