If You Have Reputation of Affluence, Risk for Personal Assets is Far Greater!

Personal Assets of anyone can be at risk just as quickly as a business. If one has a reputation or appearance of affluence, the risk is far greater when some mishap occurs.

We stated elsewhere, you must have the total mindset of, “I don’t own anything!” It goes against everything we have been taught. It perhaps even goes against all we worked for, but that attitude coupled with proper shield structure is the best chance we have to head off a catastrophe and salvage our Assets.

Following is one factual instance which occurred a few years ago. The individual was driving an auto when tragedy struck. Another individual was killed. The pertinent facts of the incident were:

• The family of the individual killed sought damages from the driver and owner of the auto.


• The driver owned absolutely nothing.


• The auto was owned by a corporation.


• The corporation was not controlled nor owned by the driver.


• The auto was the only asset of the corporation.

As a result, the family of the deceased was reduced to receiving whatever salvage the wrecked auto brought and an amount the driver caused to be offered from another corporation that was willing to loan him funds. While this seems very unfair, it is a classic example of how to shield your assets.

When calamity strikes and the battle is on, it is too late to raise the shield! We urge you to contact your legal council and start building your protection. If you need an assist, this is your starting point.