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LAWSUIT AND ASSET PROTECTION

Now You Can Build a Financial Fortress to protect your assets from the lawsuit epidemic.

We've all see the headlines:

• "Jurors award $9.7 Million in Battery Blast"
• "I'll sue.  That's what I'll do."
• "Boy, 7, sued when he rode bike into street causing truck diver to swerve."
• "Landlord Assessed $1 Million in Damages."
• "$1 Million award for Bee Sting"
• "Chef sues in attack by Goose"

Some of these stories may appear bizarre, even amusing.  But make no mistake.  If you happen to be at the receiving end, they could prove deadly.  Litigation in America is serious stuff.

A lawsuit from a totally unexpected source can wipe out everything you have worked so hard to accumulate.  In one big fall swoop, your lifetime savings could become prey to a judgment creditor and his gold-digging attorney.

LAWSUIT AND ASSET PROTECTION KIT 1994

To help you insulate your assets from lawsuits, lawyers, and other liabilities, we've put together the Lawsuit and Asset Protection Kit (1994).  It shows you all the legal ways you can protect your home, automobile, bank accounts, precious investments, and even your business from the hands of a judgment, creditor, taxman, or lawyer.  It is the most comprehensive guide with actual examples, strategies, ready-to-use forms, and step-by-step instructions to help you obtain the maximum protection under the law.

OWNERSHIP OF PROPERTY

What is the best way to hold title to your home or other assets?

• Joint tenancy, tenancy by entirety, community property.  The way you own a property will determine whether a creditor IRS can seize it.  Also, it determines whether you pay a whopping tax or pay nothing.  See ch. 1 and 2.
• How to avoid joint liability on your spouse's debts.  See P. 23.
• Protecting jointly-held property from creditors.  See P. 6-12.  Protecting community property, see P. 17-25.  State-by-state analysis P. 26-33.
• Business owners, seven point check list to limit your legal exposure and liability.  See P. 162.
• "Secret" to protection of assets in a revocable living trust.  See P. 296
• Professionals (doctors, lawyers), businessman, and property owners.  You are on a "hot list" for lawsuits.  Easy money for lawyers.  Do not miss Ch. 30.
• Exempt property, In every state, the law gives you a right to insulate certain property from attachment by a judgment creditor.  What's an exempt property?  How do you assert your right to exemption?  How could you lose this exemption?  See Ch. 11.
• First line of defense for a businessman.  Steps every businessman must take to protect his personal assets.  See P. 146.  For a sample form, see P. 165.

FAMILY LIMITED PARTNERSHIP

According to some experts, this may be one of the most important, but least known vehicles available to you to protect your assets against a judgment creditor.

• Family Limited Partnership.  A unique asset protection device, very little understood my most attorneys or financial planners.  If done correctly, a creditor or an individual partner may be completely thwarted from attaching partnership property.  How to use it to protect the breadwinner in the family from ruinous lawsuits or crippling judgments.
• John and Mary Smith own several parcels of real property, mainly apartment buildings, worth several million dollars.  They form a family partnership between themselves and their two children.  Benefits:  Protection of the estate for the family and substantial tax savings.  See P. 220.
• How to protect yourself after a lawsuit is threatened or commences against you.
• Four major advantages of family partnership.  See P. 217.  Helpful hints in forming a family partnership.  See P. 225.  Eight essential features on P. 342.

The Lawsuit and Asset Protection Kit (1994) has the forms you need to form a limited partnership.  The magical words and clauses you should use.  What a typical family limited partnership should look like.  How to combine it with other tools available to obtain the maximum protection available.

• Trusts can protect your assets, save on taxes and provide security for your family.  Living Trust, P. 293.  Irrevocable trusts, P. 259.  Insurance trusts as an asset protection device, P. 283.  Business Trusts, P. 297.
• IRA's, Keoghs, and other pension plans.  How safe is the money you've been putting away in a pension plan for your retirement from the hands of a judgment creditor?  See P. 330.
• More than any other kind of debt, debts incurred for medical services are probably the most debilitating to anyone's financial well-being.  Medical debts are the leading cause of personal bankruptcies and home foreclosures.  How do you defend yourself if you find yourself in such a predicament?  See P. 57.
• Transferring assets to family members or friends to put them out of reach of creditors.  Good idea?  How you can avoid falling into this trap.  Ch. 12.  Avoid fraudulent transfers, P. 127.
• Life insurance.  How safe is it from the reach of a creditor?  See P. 105-130.
• How to protect yourself as a judgment creditor.  See P. 88.  Ten ways to locate a missing debtor.  See P. 87.  How to get strangers to help you, P. 86.
• Answer to litigation explosion:  Buy more business liability or professional malpractice insurance?  Of course not.  We show you six practical, proven alternatives.
• Homeowner's first line of defense.  How you might be able to protect your home from the claims of most judgment creditors.  See P. 8 & 104.
• This may not apply to you, but the Lawsuit and Asset Protection Kit shows how to protect your assets before marriage, during marriage, and after marriage.  See P. 303-319.  Actual forms provided.
• Fire surefire strategies to keep bill collectors at bay.  All without going to court.  P. 64-71.  Six legal remedies against abusive debt collectors.  See P. 74.
• Judgment Creditors.  Collect the debt owed to you.  Step-by-step instructions with sample forms and little known "trade secrets."  P. 81-101.
• Safeguarding your assets from malpractice or tort claims.  Advice from leading attorneys.  See Ch. 30.

The Lawsuit and Asset Protection Kit offers no questionable, funny little tricks.  We do not believe in evading just debts or taxes, or surrepiously transferring assets to defraud judgment creditors.  Everything you would be doing will be perfectly legal, completely sanctioned by law, and practiced by prudent men all over.

This summary review of the Lawsuit and Asset Protection Book has been supplied by the author and publisher.  This publication is sold with the understanding that Paul's Bookshelf as distributor is not engaged in rendering legal or other professional service.

The regular price of Lawsuit and Asset Protection Kit (1994) is $79.  However, in this special introductory offer, you pay only $39.95 plus a postage and handling fee of $3.00.  You may order a second copy for your parents, relative and friend for only $20 or a total cost of $59.95 plus $4.00 postage and handling fee.  (J.M. Barry)

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