Credit Star Funding offers free asset protection education to its customers and agents. Asset protection planning is about protecting your assets from lawsuits and/or creditors. Asset protection is not just for the super-wealthy. In fact just the opposite. Everyone should have an asset protection plan. You could be at the wrong place at the wrong time. You could say the wrong thing to the wrong person. An accident by a visitor could happen in your home or driving a car. Your profession may expose you to more liability than others. In this day and age, in a country like the USA, which has 80% of the world's lawyers and where 40 million lawsuits are filed every year, asset protection is a must. Today the use of LLC and the combination of onshore/offshore trust is something that everyone should seriously look at. Remember, maybe nothing has ever happened to you. But it could only take one event to ruin your life and lose the money you've worked so hard for.
Anyone can get sued for any reason. Lawsuits can stem from disagreements, credit card debt, bank foreclosures, unhappy customers, accidents, and many other things. If someone wins a monetary judgment against you, they can walk into your bank and collect the money. Your family could go bankrupt trying to pay it off. To keep your assets away from creditors, you need to move them somewhere where creditors can't reach them. Asset protection techniques include maximizing contributions to IRAs, moving funds to an irrevocable trust, re-titling various assets, or using limited liability companies or family limited partnerships.
Credit Star Funding does not offer legal advice. Each case is different and ultimately an attorney can provide detailed answers. However, our webinars will introduce you to asset protection principles and techniques that are eye-opening and can position your life in a much better-protected condition. And most of all, we offer this education free.