Tdelas's Blog

Legal news and information for business and personal needs

You’re likely to be sued sometime in your life. What if?

If you have any significant amount of money you will likely be sued. About 24 million lawsuits are filed in the Unites States every year! You are more likely to be sued than to have a stay in the hospital. Typically, a homeowner’s insurance covers up to $1M; an auto accident insurance policy covers far less and must be purchased separately. If the judgment against you is greater than the amount of insurance, the other party can go after your other assets and garnish wages. You may lose your home and other investments. With the high cost of health care and rehabilitation, the liability insurance will not last long. Irrevocable trusts, Off-shore trusts, Family Limited Partnerships, Qualified Personal Residence Trusts, Spendthrift Trusts, when set up legally, protect your assets.

Contact me to protect your assets at (408) 293-0880 or visit my Web site to learn more about the services I provide for asset protection.

July 18, 2010 Posted by | Asset protection | , , , , , , , , , , , | Leave a comment

   

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