filmov
tv
5 Things You Can Do to Protect Your Assets Before You Get Sued
Показать описание
If someone obtains a judgment against you, he/she can pursue your personal assets to satisfy that judgment. This may include your savings, salary, personal property, jewelry, and even your house.
Lawsuits can come out of nowhere. You get distracted and rear-end the car in front of you. Your rotting tree falls and demolishes someone's Jaguar. Your dog bites the pizza delivery girl, ending her lucrative side job as a hand model. [Fill in the blank with more unexpected and costly misadventures].
To maximize the effectiveness of asset protection, you really need to get things rolling BEFORE you're named in a lawsuit. After a lawsuit has been filed–and especially after a judgment is entered–many conveyances of money or property are considered invalid and can be reversed by a court of law.
In this episode, I will explain five relatively simple steps you can take to protect your assets before you get sued:
Form an asset protection trust
Form a corporation or business entity
Learn and understand your state's real estate protection laws (e.g., homestead exemptions, types of title, etc.)
Increase retirement account contributions (employer-sponsored)
Remember that laws regarding liability and judgment enforcement are largely based on state law and are therefore different in every state. The concepts and principles discussed in this episode are not state-specific and may not apply in your jurisdiction. This episode is not a substitute for the advice and services of an attorney licensed in your state.
Lawsuits can come out of nowhere. You get distracted and rear-end the car in front of you. Your rotting tree falls and demolishes someone's Jaguar. Your dog bites the pizza delivery girl, ending her lucrative side job as a hand model. [Fill in the blank with more unexpected and costly misadventures].
To maximize the effectiveness of asset protection, you really need to get things rolling BEFORE you're named in a lawsuit. After a lawsuit has been filed–and especially after a judgment is entered–many conveyances of money or property are considered invalid and can be reversed by a court of law.
In this episode, I will explain five relatively simple steps you can take to protect your assets before you get sued:
Form an asset protection trust
Form a corporation or business entity
Learn and understand your state's real estate protection laws (e.g., homestead exemptions, types of title, etc.)
Increase retirement account contributions (employer-sponsored)
Remember that laws regarding liability and judgment enforcement are largely based on state law and are therefore different in every state. The concepts and principles discussed in this episode are not state-specific and may not apply in your jurisdiction. This episode is not a substitute for the advice and services of an attorney licensed in your state.
0:06:09
5 Things You Can Do Today To Improve Your English
0:08:14
Don't Allow Your Life To Be Controlled By These 5 Things
0:04:19
5 Things You Can Control
0:01:06
5 Things To Do When You Are Bored
0:02:06
THINGS YOU CAN DO BY YOURSELF | 5 | Five THINGS YOU CAN DO BY YOURSELF
0:10:02
5 Amazing Things You Can Do at Home Compilation
0:11:59
5 things you probably need to hear
0:13:38
5 Weird Things You Can Do With Duct Tape
0:00:47
5 Things To Do In Osaka
0:06:13
5 Things to Do When You Have Too Many Ideas and Never Finish Anything
0:18:44
5 Things You Will Sea In Heaven! (Will Make You Cry)
0:04:44
5 things to do every morning | Gaur Gopal Das
0:05:33
5 Subconscious Things You Do That Make Others Ignore You
0:03:00
5 Things To Remember During Tough Days
0:05:10
5 Things You Should Never Say To Someone With Depression
0:03:13
5 Things you didn't know Alexa can do | Amazon Alexa
0:25:20
5 Things You Should Know Building A DIY Bus - SKOOLIE CONVERSION TIPS
0:15:09
If you do these 5 things... You should NOT use Linux
0:07:47
5 Things That Will Make You Wealthy - Dave Ramsey Rant
0:03:22
The 5 BEST THINGS You Can Do For Your Voice
0:02:00
Top 5 Things To Do When You’re Home Sick | Henry Danger
0:00:16
5 things you NEED to do this fall… 🍁🍂 (This definitely isn’t about @BenEsherick) (Jokes ofc)...
0:08:32
5 Things You Should Never Do In A Manual Transmission Vehicle
0:31:30
5 Things Never Share With Anyone - Myles Munroe Motivation
Комментарии