Status of being wealthy and successful also bring a lot of liability to a person and the family. All the information and suggestions we provide are collected from multiple sources primarily of our power team including attorneys, specialists, and experts in these areas that keep assisting our clients. Protecting your assets is becoming more important year after year. Why? There are more and more lawsuits being filed today, than ever before in history. For example: as of 2015, one out of four businesses are being sued in the state of California alone. I once read that there are nearly 93 million lawsuits being filed annually and the number keeps going up.Â
For some unknown reason, our current legal system is designed to allow people filing lawsuits for reasons beyond explanation. It is also true that a large number of cases are being settled, however, if someone that has done nothing wrong and has to pay to defend himself it cost him time, energy, frustration and money. This is another reason why there are more attorneys in the US than combined worldwide. It is very likely to lose everything in a litigation. A lawsuit may very easily result in destroy someone’s life, bring the company to the ground, in divorce or even to a personal bankruptcy. The number of people filing ridiculously stupid and unreasonable lawsuits is rising.
It is extremely important to have an excellent plan approved by your power team, (attorneys, accountants, cpa’s, financial advisors, mentors etc. to minimize the potential of losing all accumulated wealth you worked so hard for. We have seen large number of successful people that have lost a large portion of their wealth due to a lawsuit filed against them. Do not become one of those people. There are ways to get good protection allowing you enjoy your life by the pool just like the couple on the picture without worrying about losing it.
Our organization along with our mentors work very closely with our clients to ensure the proper structure of their legal entities and properly utilizing Qualified retirement plan that will provide the best protection is there is out there today!!!