How Do I Cause My Assets To Be Less Recoverable?

FOUR WAYS TO INSURE THAT YOUR ASSETS ARE LESS RECOVERABLE:

(1)   Do not bank in the State in which you live, or that has a presence in the State in which you reside;

(2)   Do not possess a safe deposit box with a Bank in the State in which you reside;

(3)   Create a structure to house and protect your wealth (a Corporate Entity in the form of a Corporation, Limited Liability Company, Limited Partnership, Trust or some combination thereof); and

(4)   Transfer ownership of your assets to your protection vehicle/Corporate Entity (Corporation, Limited Liability Company, Limited Partnership, Trust or some combination thereof) . [1]


LEGAL DISCLAIMER: Lucas Lucas, LLC is not a law firm; nor is it a substitute for an attorney or a law firm. The law is complex and changes often. The subject matter contained herein provides general information and it is presented strictly for informational purposes only. It is not intended to take the place of sound legal advice. For legal advice, please seek competent legal counsel (ask or engage a lawyer/attorney). Nothing contained herein should be deemed or construed to be legal advice, or take the place of sound legal and financial counsel. After considering the products offered and/or the subject matter contained herein, it is always best to seek sage legal and financial advice prior to undertaking any asset protection strategy.

v2.0_07/05/2014

Posted in: Lucas Lucas LLC™