|
|
<x-html>
<!doctype html public "-//w3c//dtd html 4.0 transitional//en">
<html>
<br>I am NOT an attorney and do not advise on how to use the following
information. I have studied this "liability" situation for many years.
There is only one way to become "judgement proof" (that is what we are
talking about here) is to not have (own) anything of much value. How a
person accomplishes this is through the use of trusts and family
partnerships ( this is how the very wealthy do it). In a nut shell a Trust
is a superior device for accomplishing a variety of financial and estate
planning objectives by;
<p> (a) Avoiding probate and maintaining privacy
concerning assets and the disposition of the estate;
<br> (b) Minimizing or eliminating estate taxes
through the use of a bypass trust;
<br> (c) Avoiding will contests and litigation;
<br> (d) Achieving the highest level of confidentiality
and privacy concerning financial and business affairs;
<br> (e) Creating a flexible vehicle for investment
and asset management ; and
<br> (f) <b>Protecting assets from claims and liabilities</b>.
<p>There are many sites on the internet regarding trusts. My only advice
is to avoid trusts which are "living trusts" or "revocable trusts" and
trusts that make you the trustee. Through my own personal research, I have
found these type of trusts probably will not protect you in any litigation.
<br>Brent S.</html>
</x-html>
|
|