Asset Protection Made Easy: How to Become Invincible to Lawsuits, Save Thousands in Taxes, and Set Up a Successful Estate Plan
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Asset Protection Made Easy: How to Become Invincible to Lawsuits, Save Thousands in Taxes, and Set Up a Successful Estate Plan
This simple and easy to read book reveals the strategies and tools the nation’s top asset protection law firms use to save their clients millions of dollars each year. This book will teach you how to become invincible to lawsuits, save thousands in taxes, and achieve financial peace of mind. This book is recommended by the American Society for Asset Protection and provides solutions to three major problems.
Problem #1: There are over one hundred million lawsuits currently pending in the United States, and it is estimated that a new lawsuit is filed every thirty seconds. It is now routine for judgments to be in the millions. If you are not properly structured, it only takes one lawsuit to lose everything. Solution #1: This book will teach you how to protect 100% of your professional and personal assets from lawsuits and how to make yourself so unattractive to a plaintiff attorney that they will not pursue a lawsuit against you.
Problem #2: Billions of dollars are overpaid each year in taxes as a result of people not using all the deductions and tax laws available. According to the IRS commissioner, millions of taxpayers are overpaying their taxes each year. Solution #2: This book will teach you how to reduce your taxes to the legal minimum—potentially saving you thousands of dollars each year. You will learn the tax reduction strategies used by the nation’s top tax reduction law firms.
Problem #3: The vast majority of Americans either do not have an estate plan or have an incomplete or ineffective one. Without an effective estate plan, up to 50% of your estate could be lost to probate costs, federal estate taxes and state inheritance taxes. Solution #3: This book will teach you how to avoid probate, and eliminate or dramatically reduce your estate taxes. You will learn what you should be doing now to prepare for successful business and estate secession.
It takes a lifetime to accumulate your assets. Read this book to ensure they are protected.
From this book you will also learn: •Strategies you can use to reduce your income taxes each year such as how to create non-taxable income, how to deter income to a new tax year, and how to spread income to reduce your tax rate. •How to protect your assets in the event of a judgment in excess of liability insurance or an exclusion in a policy. •What legal entity you can use to reduce your Social Security and Medicare taxes each year. •Sources of lawsuits and how to prevent them. •Strategies you can use to eliminate the capital gains tax on the sale of a business, real estate, or other assets. •Tools you can use to pass assets to heirs tax free. •Which entity is best for you with the most complete comparison of C corporatios and S corporations that exists. •The benefits and workings of the following legal tools: Family Limited Partnership (FLP), Limited Liability Company (LLC), Professional Limited Liability Company (PLLC), Professional Corporation (PC), C Corporation, S Corporation, Charitable Remainder Trust (CRT), Revocable Living Trust (LT), Last Will and Testament, Living Will, Medical Power of Attorney, Durable Power of Attorney, and Irrevocable Life Insurance Trust (ILIT).
About the Author Cameron C. Taylor has been a partner with the nation’s top asset protection law firms for more than a decade, and he currently serves as president of the American Society for Asset Protection. Cameron is a nationally recognized scholar who has been invited to present lectures and seminars to organizations all across the country. He is the author of the books "Asset Protection Made Simple," "Does Your Bag Have Holes? 24 Truths That Lead to Financial and Spiritual Freedom," and "8 Attributes of Great Achievers." Cameron’s books have been endorsed by Ken Blanchard, co-author of "The One Minute Manger," Dr. Stephen R. Covey, author of "The Seven Habits of Highly Effective People," and Rich DeVos, owner of the Orlando Magic.