Fraudsters and scammers are using and developing advanced, sophisticated schemes to take, swindle and relieve you of your money and assets.
Asset Protection Planning is an area of legal specialization requiring significant and hard-earned knowledge and experience. Finding a trusted battle-hardened attorney to help protect your assets is not easy.
In addition to decades of law practice experience, Reliance Law Firm now has a Certified Fraud Examiner, Mr. Willy Saint-Hilaire CFE, on staff. We have the experience and credentials to provide clients with professional assistance in Asset Protection Planning.
Only after you become aware of the purposes behind the Asset Protection process can you begin to take action. “This may include the following:
1. Avoiding activities that place you in increased risk of a lawsuit.
2. Doing Business in a limited liability form.
3. Learning how to properly form, operate and maintain limited liability entities such as corporations, limited liability companies, limited partnerships and business trusts, etc.
4. Diversifying ownership of valuable assets so that if your wall of protection is breached, only a portion is [compromised].
5. Creating legal obstacles to recovery.
6. Practicing defensive contracting by placing protective language in business contracts.
7. Separating business, personal and investment assets and placing appropriate protection devices around each appropriate asset.
8. Learning to take indirect ownership of valuable assets or investments while still maintaining control of the assets.
9. Not owning real estate or tangible personal property in your own name (which can be found by a simple search of the public records).
10. Know and exploit the [alternatives] of the legal system.
11. Know the law of fraudulent transfers and avoid getting snagged in its trap.
12. Learn to use non-fraudulent purposes for making transfers.
13. Make yourself judgment proof.
14. Never give anything to a plaintiff’s lawyer, unless it suits your purposes.
15. Overcome fear of inaction with knowledge and wisdom. Knowledge is power and knowing what to do with knowledge is wisdom.
16. If necessary, learn to live with and even prosper despite the presence of judgments outstanding against you.”
From: “Asset Protection Planning, How to Protect Yourself from the Terror of Lawsuits.” By Michael N. Brette, J.D.