If you are interested in protecting your personal and/or family assets from a future lawsuit or from estate taxes, this book is the most extensive consumer reference guide available. Even if you are a lawyer or estate planning consultant, you need the more than 3,500 legal citations provided by the author. 

For less than the cost of a half hour consultation with an asset protection lawyer, you can obtain over 1,000 hours of documented legal research and information about the little known methods of protecting your assets from future lawsuits and a host of other predators.
 

Saving some of what you make is even harder. 

But in today's legal environment, keeping it is the hardest task of all. 

Lawyers working on contingent fees for legal opportunists search for people to sue and then they invent some reason to sue them. The internet has made it much faster, easier and less expensive for these lawyers to find out if someone has significant assets. 

Who are their target victims?

Anyone with enough liability insurance to justify the time that's required to file a claim and negotiate a quick deal with the insurance company. 

Or anyone with assets that are easy to attach and to sell quickly. 

Who do the legal vultures avoid?

Anyone with little or no liability insurance and with assets that are difficult to attach or to sell. 

Now, as the litigation disease reaches a near epidemic level in the U.S., asset protection expert William L. Comer offers practical tips and solutions to help you and your family to protect your assets from the legal vultures that prey on hard working and frugal people. 

William L Comer has compiled everything you wanted to know (or really need to know) about domestic and international asset protection, estate preservation and personal and financial privacy into a 450+ page encyclopedia of information about the little known protective techniques of the well to do who have paid many thousands of dollars to learn how to insulate their assets from the lawsuit epidemic. 

Freedom, Asset Protection & You explains the following problems.
 

Legal Problems, Pitfalls and Traps for The Unwary
Lawsuits	Incapacitation
The New Money	Inflation
Defective Domestic Trusts	Flawed Foreign Trusts
Probate	Medicaid Traps
Hidden Taxes	Forfeitures
Death Taxes	Banking Insolvency's
Insurance Insolvency's	Environmental Liability

But no one wants to just read about the bad news. This book doesn't just describe the problems that you face in protecting your hard earned assets and savings from the many hazards that can wipe you out. It also describes the solutions - in plain English.
 

Asset and Estate Preservation Solutions
How to eliminate estate and gift taxes	How to avoid probate the right way
How to protect your family's assets from incapacity or disability	How to protect your family's assets from future liability lawsuits
How to benefit from foreign trusts	The benefits of a charitable remainder trust
How to discharge taxes in bankruptcy	How to use corporations to protect your personal assets from business lawsuits
How to use family limited partnerships	How to protect your home equity with joint tenancy
How to protect your savings from the severe currency structuring penalties	How to avoid the dangers of joint ownership with parents and children
How to avoid the Medicaid trap	How to avoid making gifts or transfers that can be recovered by the courts
The benefits of private foundations	Doing business with foreign banks
The international asset protection trust

This huge reference work is over 450 pages, 8.5" by 11", single spaced.

Many people who are at the greatest risk of being sued don't believe it. If that describes you, or if you are still uncertain about why asset protection is really necessary, you must read Chapter 15, about The Litigation Explosion in the U.S. Bill provides a chilling recitation of the cases that have turned the law into a lawsuit epidemic. It can happen to you and if this chapter doesn't convince you, then nothing will - until it does happen to you. 

Do you own any land? If so, are you aware of the law that says you are personally 100% liable for any environmental clean up costs that may be required for that property? Chapter 16 of Bill's book explains the extreme range of the environmental protection laws and the Comprehensive Environmental Response, Compensation and Liability Act. You could acquire land from someone else thinking it was free of any toxic wastes. Then, it's discovered that the land was used as a gas station many years ago and you are faced with a huge bill. Forget about all the previous owners. You will be stuck with the bill. 

Bill comer doesn't just give you teaser information so that you end up having to hire him. He gives you real insight into the problems and the solutions. If you don't want to take the time to read this much information about asset protection, you should buy this book for your local attorney. Even if you had to pay him or her for the time they spend reading this enormous reference work, you would end up saving a lot of money on legal fees.

If you have ever been tempted to put your money into a trust that someone tells you will make it possible to eliminate all future income and estate taxes and to protect those assets from all future claimants, including the IRS, then Chapters 19 and 20 in this book will be worth many time the modest price of the book.

 Chapter 19 is based on years of legal research into an assortment of domestic trust arrangements that don't work. They go by the name of "pure trust", "equity trust", "constitutional trust", "family estate trust" "contractual company", unincorporated business company" and dozens of other names. Comer's monumental legal research is the most comprehensive analysis in print about why these trust don't work. He reviewed hundreds of court cases involving these trusts and found that none of them accomplished the benefits claimed by the promoters when they were tested in the courts. He also verified the legal citations provided by the promoters of many of these arrangements and found that they were usually inapplicable or had been made obsolete by changes in the laws.

In this chapter, Comer examines an assortment of offshore arrangements in which the promoters claim that you can move your money into a foreign trust and start making money without ever paying taxes on it again. Before 1976, there was a small kernel of truth to some of the claims that are being made about saving taxes with offshore trusts, but the Government has changed the laws many times since then and it's not true anymore. 

According to Comer, 

The author has encountered numerous combination domestic/foriegn trust schemes being promoted under such names as

• (1) Contractual Company,

(2) Business Trust Organization
(3) Unincorporated Business Organization
(4) Common Law Trust Organization - aka COLATO
(5) Massachusetts Business Trust,
(6) Pure Trust
(7) Impenetrable Business Trust Organization
(8) International Business Company, and
(9) Foreign Business Trust

In this chapter, Bill describes

• the purported structures
• the claimed supportive legal documentation, and
• the names of many of the promoters

Some of the promoters of these offshore schemes are on their way to jail and their customers are going to be paying some huge penalties for engaging in these arrangements. If you need some hard legal justification why these schemes won't work, this chapter of this book is worth many times the price of the book. 

But this book is not just about trust schemes that don't work. It's about how to protect your assets from an assortment of legal predators.

One attorney has made a small fortune giving expensive seminars on asset protection in which he focuses on the legal dangers associated with jointly owned assets. Bill provides the same information as part of his book. He gives you an excellent introduction to the legal dangers of owning assets jointly with others. He also explains why a will is not enough to protect your estate from the costs of probate and why life insurance is usually not a solution to an estate tax problem.

If you are tempted to move some of your money into a foreign bank account or foreign trust in order to protect it from legal predators, you should read Chapter 14 of Bill's book. It's an eye opening description of the legal minefield you must traverse to avoid being guilty of money laundering or currency restructiuring. Ostensibly intended to make it a crime for drug dealers to launder money, the actual law casts a wide net and can be used by the government to apply to many non-criminal transactions. And if you try to circumvent some of the rules through a series of exempt transactions, there's another crime called "currency structuring" that you must avoid. 

Does Bill offer any positive solutions? Absolutely. His chapters on partnerships, corporations, bankruptcy, tenancy by the entireties, trusts, charitable trusts and foundations are the good news. He describes what works and what doesn't work with each form of asset protection. He asked Jeffrey Verdon, an expert of foreign trusts to contribute a chapter about using foreign trusts for asset protection.

Bill Comer is a Certified Professional Paralegal. He's been doing legal research on estate and trust matters for law firms for nearly twenty years. Now, he's put a lot of that research into this reference volume on how to protect your family's assets from lawyers and a host of similar dangers. 

Copies of Freedom, Asset Protection and You are available for $69.95 (shipping included) from Research Press, Inc., Box 8194, Box 8137, Prairie Village, KS 66208. (913/ 362-9667) 

Buyers of this book will receive a free one year email subscription to The Jacobs Report on Asset Protection Strategies, a monthly newsletter on asset protection for which Bill Comer is an editorial consultant. An email subscription to The Jacobs Reports on Asset Protection Strategies is $40 a year if purchased separately. 

And, Research Press and Bill Comer offer an unqualified 100% money back guarantee that this book offers far more helpful information than any other you could buy for twice the price. If you aren't satisfied with this book for any reason, you can return it for a full refund. 

To order Bill's book see the information in the catalog..

Further details about protecting your assets from future lawsuits  are available in our subscriber's web site. Changes in the tax laws and various federal and state laws affecting various asset protection devices are provided in our monthly newsletter on Asset Protection Strategies.

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