Lawsuit risks are actually much worse than most of us think. For a highly informative expose' on the subject, we recommend that you order an excellent ABC-TV News video entitled "The Trouble With Lawyers" narrated by John Stossel ($29.95). Order from ABC at (800) 913-3434.

What could cause a lawsuit that threatens your property? A major threat is from automobiles or other vehicles. If you, teenage children or anyone else you have lent your automobile to is in a vehicle accident, and the accident is the fault of the driver of your auto, your liability is almost unlimited. This is especially true if the accident kills one or more people, or causes serious and long term injury. These kinds of accidents can literally incur millions of dollars in legal damages. You may not afford or be able to get enough liability insurance to cover damages in those amounts. This leaves the rest of your property at tremendous risk. An accident victim, or the victim's family, can legally come after your home, vehicles, investments, vacation property, or anything else that you own.

Rental real estate creates serious liability problems for all the assets of the property owner. Construction and industrial equipment also have the potential for accidents which will subject the owner to claims or litigation. Owning or operating almost any business makes the business owner an open target for a host of lawsuits.

Joint tenancy property ownership with spouses, children or other heirs is extremely risky, with the size of the risk multiplied by the number of joint tenants. Read a NAFEP article entitled "The Liabilities Of Joint Tenancy".

The elderly face the confiscation of almost all their estate from Medicaid should they ever require long term health care. Read a NAFEP article entitled "Devastating Your Estate From Long Term Care Needs"

Threats to your assets usually come from these sources: Divorces, environmental hazards, employees, creditors, bankruptcy, tax agencies and authorities, business customers, business competitors, business regulatory agencies, rental property accidents, lead paint hazards on home or rental property (which is not covered by most insurance policies), guest accidents at home, joint ownership of real estate (when the other joint tenant gets sued, divorced, etc.), involvement in partnerships, corporate officer and director positions, advisory board positions, and leadership positions in civic organizations.

* The Wall Street Journal, October 25, 1995, in an article "The Legal Mosh Pit".

Have a NAFEP Associate Contact Me

Answers to The Legal Risks.

If you read "Legal Risks" (above link), you now have some idea just how serious that threats of legal actions against you are in this country. NAFEP and its expert Advisory Board (see More About NAFEP) have spent years developing the most advanced, yet simple and affordable, asset protection program available. This is a domestic program; no foreign or offshore planning is necessary.

Many of the other programs offered by individual firms or practitioners either fail to go far enough or are overly complicated. They are usually quite expensive as well. There is also a small "industry" in this country that engages in outright fraudulent and scam trust promotions, purportedly offering asset protection and usually including some dubious income, gift and estate tax schemes. The IRS announced an initiative to stamp out these scams in early 1997.

If you are looking for the best and least expensive method to:

Protect your personal and business assets from lawsuits, judgments and liens

Eliminate personal liability for business activities

Achieve almost impenetrable privacy for business & personal finances and property

Relieve malpractice concerns

Prevent Medicaid from seizing the family's estate when a family member needs state assisted nursing home care

And take care of all the usual estate planning needs at the same time

Then NAFEP and its national network of estate planning professionals is the organization to turn to. Below are three specific actions you can take to learn more or to proceed to effective asset protection planning:

One of NAFEP's primary tools for effective asset protection is the Premier Plan II Life Estate Trust. To learn the specifics of this program, see One Great Answer

Have a NAFEP Associate Contact Me

The Answers To Life's Financial Risks

This NAFEP publication (8-1/2" X 11") is a 14 page, informative booklet discussing several NAFEP trust and estate planning programs. It starts with the living trust, then progresses to advanced trust programs, advanced gift and estate tax planning, business entity planning and more. (Benefits that cannot be gained from a living trust.) We will also include an informative NAFEP article entitled "Family Limited Partnerships, Do They Stack Up?"

The price for both booklets is just $7.95, which includes shipping via first class mail.

To order your copy send your name, address and phone number, along with your check or money order to Tax & Financial Control Center, PO Box 94146, Okla. City, OK 73143