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Our Asset Vault Trust Survived IRS Attack During Great Depression
The year was 1936 and it was the middle of the Great Depression. $180,084 was at stake. That’s $3,353,417 in 2020 money. The deceased husband, Yale Kneeland, had transferred most of his wealth to a special trust. The trust was actually a variation of our firms’...
How Should You Own Physical Gold or Silver?
The current economy is causing more people to buy gold and silver. As a result, the price of gold has risen recently to a 7.5-year high. Some people are buying into programs where you buy gold and they store it for you. One such example is the Tocqueville Gold...
Behind on Credit Cards: Is a Home Equity Loan the Solution?
During this Coronavirus pandemic, I keep hearing radio ads pitching the benefits of getting a home equity loan. Does it sound appealing to use a home equity loan to get extra cash? Supposedly, you should use the "excess" equity in your home for: Home improvements...
Don’t Gamble With Your PPP Money
Over one million businesses rushed to the bank on April 3rd to grab a Paycheck Protection Program (PPP) loan. The reason the PPP loan was so popular was not because these struggling businesses wanted more debt. Rather, the idea is that these PPP loans are loans in...
Does a Domestic Asset Protection Trust Work?
Asset Vault Trusts (aka Special Power of Appointment Trusts) provide greater asset protection, flexibility and anonymity. All states allow you to put your life savings and other assets in a trust so creditors can't get them. But only some states allow you to remain...
How to Protect Your Money in a Divorce During a Recession
You're stuck in a bad marriage. It was tolerable when you at least had money for entertainment and could get away at the office during the day. But now the economy is causing your bank balance to drop like a lead balloon. You're stuck at home with your bad decision...
Why Liability Insurance Alone Is Inadequate Asset Protection for Doctors
In a recent interview I did with CBS, I revealed why liability insurance by itself is an inadequate asset protection plan for doctors. Successful healthcare professionals who are vulnerable to malpractice suits are often under the false impression that a liability...
Top 6 Mistakes Doctors Make When Planning To Protect Their Financial Assets
In a recent interview I did with CBS I revealed the top 6 mistakes made by doctors when planning to protect their financial assets. Doctors in particular are at risk of exposing their assets due to the prevalence of medical malpractice suits. Here are some of the...
Top 3 Most Common Asset Protection Misconceptions
Asset Protection Misconception Number 1: Insurance Protects You You know what I hear the most from my real estate investor clients, “I thought all I needed to protect my assets was a general liability insurance policy?” This couldn’t be more further from the truth....
The BIG Misconception About How Insurance Protects Your Assets
“My financial advisor told me that in order to achieve asset protection for my investment properties, I only need a general liability policy.” This is something I hear consistently from real estate investors. Don’t get me wrong, I am a huge advocate of insurance....
