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Three Fool-Proof Ways to Protect Yourself From Lawsuits

What your lawyer does not want you to know
Instructor:
Scott Paton
3,118 students enrolled
English [Auto]
Why Trusts are essential for Businesses

If Your Assets Aren’t Protected…Luck Is The Only Thing Stopping Some Slimy Crook and His Lawyer From Taking Them… Is Luck!

Every Single Day in The United States Alone, 109,589 Lawsuits Are Filed…

Without a system to protect your wealth and assets, they are in danger every single day that you do business. Simply put, just one frivolous lawsuit by one gold digging attorney and your entire life’s work – wealth and assets – can be gone. That’s the biggest reason why I designed Three Secret Ways to Protect Yourself From Lawsuits … to protect myself and good people like you from nuisance lawsuits.

In the California case Peake vs. Underwood, a buyer filed suit two years after purchasing the property stating that the seller had not disclosed the condition of the property when it had been sold. The buyer maintained that both the seller and the listing agent had known that the property had unresolved drainage issues and never told her.

Guess what? The buyer dropped the lawsuit against the seller when she learned that they did not own anything of value. She continued to pursue the listing agent. Why? She was trying to win that “lawsuit lottery” and bluff her way into a settlement – but the sellers had protected themselves. Eventually, the court found her out and ordered her to pay $60,000 in sanctions for the frivolous lawsuits, but who wants to deal with all that silliness? The owners were smart – on paper they didn’t have anything worth suing for.

Now plenty of smart lawyers and accountants can build up a whole façade of protection that would take 4 private investigators and 6 computers to figure out, but in the end, nobody really knows who owns the property in question. Here’s a hint – if you can’t explain it, it won’t work!

Many asset protection plans that folks try to sell become so complicated that not even the client can explain how assets are held or how those assets were transferred. The downside is that those questions can be expected in depositions or a discovery examination, and a failure to fully and clearly explain what happened and why will make the court very suspicious and potentially give the court grounds to begin disregarding entities or setting aside transfers. Most judges start asking themselves, “What is really going on here?” if the structure and transfers are too complicated and not well explained.

This course is an introduction to the three types of Trusts I personally use every day in my business.

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Introduction

1
Introduction

How to protect your business, assets, and family from frivolous lawsuits. How to miss out on the challenges of Probate and keep those 'Hidden Taxes' from the government and in the hands of your heirs. Discover how Trusts can help your real estate investment company grow faster.

2
What is a Trust?

What is a trust and why are they different from LLC and other legal entities?

Types of Trusts

1
Land Trusts

Discover the realities of trusts; what they are, how to use them, and how they can protect your liability and assets. Taught in plain English, this course takes the mystery out of trusts, making them easy to understand and use. Learn how to avoid probate, how to protect your assets and how to avoid being a target of lawsuits.

Benefits

  • Learn the ins and outs of trusts and how to use them

  • Ensure your assets are protected

  • Structure deals to minimize your risk and liability

  • Ready made forms and documents

  • Get peace of mind regarding your estate

2
Personal Property Trusts

This lecture shows you to how protect your personal non-real estate assets including; cars, boats, jewelry, stocks, bank accounts, art collections, heirlooms and more from personal and professional liability. Protecting yourself with a personal property trust is one of the most important things you’ll do and is your easiest and least expensive front line of defense.

Benefits

  • Learn how to protect your personal income and assets

  • Ensure your property is protected

  • Reduce and eliminate personal liability

  • Ready made forms and documents

  • Get peace of mind regarding your estate

3
The Elite Trust

Every aspect of our Elite Trust has been fully vetted by our law firm who has created over 30,000 trusts over a 18 year time span with no client IRS audits from any of our tax preparer’s returns. Our Elite Trust is guaranteed by the U.S. Constitution, Supreme Court and other case law court decisions.

  • It is easy to establish, can be maintained by you and involves minimal paperwork. It greatly reduces or eliminates fees.

  • It can be used to defer taxes in generationally.

  • It is lawful in every state. An Elite Trust properly established in one state can operate in any other state.

  • It is made irrevocable to avoid any questions as to ownership of the assets (however it is modifiable should changes wish to be made ie Trustee and or Beneficiaries).

  • It prevents any information about your assets, liabilities and heirs from becoming public.

  • It has significantly less liability than a C, S or LLC the advantages without any annual fees and tax preparation to file Corporate or LLC returns.

  • It has no periodic reports or accounting to make to any state.

  • It has the same constitutional rights as any individual, that is, the right to privacy, freedom from unwarranted search and seizure, to refrain from self-incrimination and all other rights.

  • All of the assets and cash that are moved into a trust, through the endowment of the corpus, is totally tax deferred.

  • When the Elite Trust is used in a legal manner and under the provisions of the Elite, it is totally impenetrable by creditors, agencies, governments and is immune from transfer by operation of law.

  • A personal bankruptcy has no effect on the Elite Trust assets.

Conclusions

1
Next Steps

What are your next steps? Do Trusts work for Real Estate Investors? How can businesses protect their assets?

2
Help Your Fellow Students

You can help your fellow students by leaving a Review of this course. The Review lets your fellow students make the decision to take the course or not. It helps them understand how your experiences in the course helped you become more charismatic, and then they can decide if they want to follow in your footsteps.

If you can not find your Course Completion Certificate, ask Udemy Support. They can help. The link is at the bottom of this page. Congratulations!

3
[Bonus]

Get started setting up your trust(s). Discover how you can put your trust together easily.

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1 hours on-demand video
1 article
Full lifetime access
Access on mobile and TV
Certificate of Completion