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Asset Protection

An important part of generating wealth is effective use of the asset protection strategies that are available through our legal system. We tend to not produce more than we know we can take care of well (one of the wealth principles). Protect your assets from frivolous lawsuits and from being eaten by taxes or probate.

The Lifestyle Investor: The 10 Commandments of Cash Flow Investing for Passive Income and Financial Freedom
This book gives great overviews of the asset protection strategies available for us, so you can pick which ones makes sense for you. You will then go talk to your financial advisors much better prepared to discuss setting up corporations, LLCs, family trusts, medical plans, and wills.
Asset Protection : Concepts and Strategies for Protecting Your Wealth

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