Advanced Asset Protection for Successful Families

Jeff Camarda (), Steven James Lee () and Jerusha Lee ()
Additional contact information
Jeff Camarda: Family Wealth Education Institute
Steven James Lee: California State Polytechnic University
Jerusha Lee: Claremont Graduate University

A chapter in The Financial Storm Warning for Investors, 2021, pp 121-133 from Springer

Abstract: Abstract This chapter delves into these increasingly-litigious times and the way that, as assets can be lost at the end of a lawsuit, you must find ways to protect what you have. While starting a business confers many tax advantages, it also exposes you to additional risks. There are two main ways to shield your property from liability: various forms of insurance and asset protection structures like Limited Liability Companies (LLC’s). There are other types of asset protection that fall under these main categories, such as holding companies and retirementRetirement plans. It explains the protection and problems with many of these potential solutions and also discusses nine of the commonly-seen errors that people make when trying to protect their assets in the case of unfortunate—and often unforeseen—civil litigation or other predatory attack.

Keywords: Lawsuit; Excess liability; Insurance; Limited liability company; Asset protection (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-77271-0_13

Ordering information: This item can be ordered from
http://www.springer.com/9783030772710

DOI: 10.1007/978-3-030-77271-0_13

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().