June 27, 2022
The Middle Class Needs to Start Thinking About Asset Protection
By Larry Alton
The U.S. economy is suffering. The war in Ukraine, the lingering pandemic, federal stimulus money, and low federal interest rates (until recently) have each taken their toll.
Now we’re experiencing the highest inflation rate since 1981, stock values are plummeting, and gas prices are hitting all-time highs of over $5 (some places are even adding an extra digit to pump meters in anticipation of $10 gas).
This is why it’s more important than ever for Americans to get a grip on their financial security. For all we know, we could be on the brink of another recession.
One way to boost your financial security is to guard the wealth you already have -- aka asset protection. Asset protection means protecting your property against lawsuits, bankruptcy, and creditor claims through legal means (not illegal means like concealment, contempt, fraudulent transfers, tax evasion, or bankruptcy fraud).
And since the poor have few assets and the wealthy are usually already familiar with asset protection, it is the middle class that most need to learn about asset protection strategies.
And the sooner you do, the better. Once a claim or liability occurs, it’s typically too late to implement asset protection strategies. Courts will view them as evasive, and you could get accused of engaging in “fraudulent transfers.”
So here are a few ways you can start protecting your assets today:
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https://www.americanthinker.com/articles/2022/06/the_middle_class_needs_to_start_thinking_about_asset_protection.html
