5 Mistakes That Are DESTROYING Your Asset Protection Plan
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- เผยแพร่เมื่อ 26 มิ.ย. 2024
- What are some of the worst asset protection plan mistakes ones should avoid? The answers may surprise you!
Toby Mathis, Esq. is here to have a discussion on these five mistakes that people make when it comes to asset protection. He is an attorney in Nevada and has been practicing law for over several years. One of the things Toby does is help people set up proper asset protection plans so they can protect their assets if something happens to them or their business.
We are joined by Josh Robertson, Esq. to detail his experiences and thoughts on this topic. Josh is an attorney in Utah who also practices law for many years now. He helps people with estate planning and asset protection plans so they can protect their assets if something happens to them or their business.
Contact Josh Robertson 👇
Email: jrobertson@andersonadvisors.com
Anderson's phone number: 800-706-4741
"If you don't respect your entity then chances are the court won either." 19:16
Together, these two make the video an informative and useful resource for those who watch. Those who want to learn more about protecting themselves and their assets should be sure to take in all the content as it's chock full of useful information.
Claim Your FREE 45-minute Investment Strategy Session to receive business planning tips and asset protection. 👉 aba.link/232832
There are a lot of people who don't understand the importance of asset protection. They think they're doing fine without it, but they're not.
Dive into this subject matter with us and learn more about what asset protection mistakes to avoid and how to maintain a strong estate planning strategy so your assets are safe.
Subscribe to the channel and check out our other videos!
Show Notes:
0:00 Intro
2:01 #1 Objectives
7:50 #2 Anonymity
13:05 #3 Compliance
21:06 #4 Education
27:58 #5 Tax
36:40 Outro
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ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at aba.link/tobyaba
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
#assetprotection #assetprotectionplanning
Another great learning experience. Getting advice/information like this for free is a real gift. Thanks Toby and Josh.
DONT Snatch Defeat
from The Claws of Victory
Would it be more simple to carry an umbrella policy (personal, home, vehicles)? Problems with that theory. Can see the peril if damages would exceed say your one million umbrella.
Thank you so much for your question! We highly recommend you join us at our next Free Tax & Asset Protection Workshop Livestream. Our attorneys and specialists will answer all your questions at no additional cost. Save Your Seat: aba.link/taptoby
My bank won't allow me to move my house into a land trust, am I stuck or can I get around this? I would like to have it protected from personal liability.
Hi, thank you for leaving your comment. You can request a free 45-minute consultation to discuss our proven asset protection and tax strategies and how they apply to your unique situation. You can go to this link to set it up! -----------> aba.link/tobyss
25:34 Caption reads: "Unless you're the Jewish" LOL TH-cam trying to get Toby cancelled! Of course he actually said "the Juice"😂
Thank you for bringing that to our attention, we will be sure to fix it right now.
👍to our favorite dude Toby!
Very interesting. Thanks for the information.
"Oh wow you brought 4 multi million dollar properties this year"😂😂
You mentioned two states that have unlimited caps for homesteading. Florida was one what’s the other?
A few states, notably including Florida and Texas, offer an unlimited homestead exemption, allowing a homeowner to protect 100% of the value of a primary residence.
Hope that answers your question.
Also, Massachusetts allows at least $500,000 of a primary residence’s value to be held as exempt.
Always a great discussion. TY, Scott
What money can not be touched during a divorce?
How about assest protection for the single parent of a teen who might be getting a driving license soon. Who should buy the car? Car insurance policy? Can the parent protect against liability? At what age does liability for the teen go away? Do you just go back to the assets instead and protect those? What about parents w2 income?
Personal vehicles are just that - personal, and so keeping them in a separate LLC will usually do more harm than actual good. Great insurance and keeping your other assets out of your personal name are your best bets for asset protection. Usually, once they are 18, liability will stay with the individual rather than flow to the parent.