You've probably heard the story of Stella Liebeck, the woman who spilled a coffee in her lap and sued McDonald's for her suffering. While in any other country she probably would have been laughed out of the court for such a claim, in the US she was awarded $2.86 million in damages!
With such high payouts, litigation has become a booming business in the US. So much so that 80% of all the lawyers in the world are based in the city.
Due to a simple mistake or an employee error you could be sued for everything you have in the bank. And more. If you're a doctor, a
restaurant owner, or even the parent of a teenage driver your chances of being sued are significantly higher.
Given the odds, it just makes sense to take some precautions against this ahead of time.
Asset protection is the name of the game here, which we consider like taking out a personalized insurance policy on your assets.
In this month's letter we'll walk you through the basics of what makes for a solid asset protection strategy and the two jurisdictions that top our list. These places have such good asset protection laws, in fact, that they make it VIRTUALLY IMPOSSIBLE for anyone to seize your assets.
Click here to find out how.
And even if you're not financially ready to set up a whole structure just yet, we've also included some beginner steps you can take to establish your first line of defense.
With such high payouts, litigation has become a booming business in the US. So much so that 80% of all the lawyers in the world are based in the city.
Due to a simple mistake or an employee error you could be sued for everything you have in the bank. And more. If you're a doctor, a
restaurant owner, or even the parent of a teenage driver your chances of being sued are significantly higher.
Given the odds, it just makes sense to take some precautions against this ahead of time.
Asset protection is the name of the game here, which we consider like taking out a personalized insurance policy on your assets.
In this month's letter we'll walk you through the basics of what makes for a solid asset protection strategy and the two jurisdictions that top our list. These places have such good asset protection laws, in fact, that they make it VIRTUALLY IMPOSSIBLE for anyone to seize your assets.
Click here to find out how.
And even if you're not financially ready to set up a whole structure just yet, we've also included some beginner steps you can take to establish your first line of defense.
You’ve probably heard the story of Stella Liebeck, the woman who spilled a coffee in her lap and sued McDonald’s for her suffering. While in any other country she probably would have been laughed out of the court for such a claim, in the US she was awarded $2.86 million in damages! With such high…
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