Asset Investment Trust Blog

Being Prepared for Any Situation means you can better deal with the unexpected and a lawsuit is always unexpected.  But, you can mitigate the outcome by being prepared.

If you had open heart surgery, your doctor would be prepared for any possible situation.

- There’d be backup generators in case the power went out.
- There’d be backup equipment if something broke.
- Even the surgical staff can be replaced if the need arises.

If you’re a Realtor and there a mishap on the paperwork, you could be named in a lawsuit.  If you’re an investor and sell a house, you could be sued for problems, even if you didn’t know about them.  Anyone can sue anyone for anything and the outcome is NEVER guaranteed.

Although most frivolous lawsuits are thrown out, there are cases in every country in the country where “ridiculous lawsuits” were unexpectedly lost and people lose their assets every day.  Maybe you don’t find out about a mold problem until after closing or maybe your inspector missed a significant problem.

It may not be your fault, but you can still be sued and YOU CAN LOSE!!!

Unfortunately, there are many instances where insurance doesn’t cover you; from E&O, and liability to home owner’s insurance.  These companies don’t make money by paying claims.  They make money by collecting premiums and denying claims.

Now imagine losing a lawsuit.
Now imagine the judgment that follows.
Now imagine having to settle the judgment.

Are your assets protected?  In a few states, you might not lose your house, but what about your antique furniture, vehicles, boat, RV and other assets?  They’re not protected, in any state, if you own them.

Now imagine placing these assets in trust.
Who owns the assets?
Do you? No!

The assets are owned by the trust.  If you don’t own them, they can’t be taken to settle a judgment.

A simple living trust, land trust or personal property trust can protect your assets better than an LLC or any corporate entity.

Do you have an LLC?
Do you have an annual meeting, every year?
If not, your LLC is no longer valid and WILL NOT protect your or your assets.

That’s right, your LLC is no longer valid without the required meetings, minutes and annual documents required by your state.

That’s not true with a trust.

No annual paperwork is required by any state.  The trust is private and no state requires you to disclose the beneficiary or the assets of a trust.  No annual fees or setup fees are required.

Our 2010 Living Trust Course provides all the required information for creating a complete asset protection plan, using trusts.

Don’t just comment for points.  Learn how to protect yourself.  Visit our website.

Greg Gardner
Asset Investment Trust