How To Prevent Loss Of Your Assets And Filing Of Judgments On You(7 Of 7 In Lou's Trust Series) - Street Smart Cash Flow Accelerator #49
It is hard for others to collect judgments and liens with your assets in trust. Imagine this, somebody goes to court; they follow a lawsuit against you. You have a situation in court. Most attorneys will actually admit that many cases are won from technicalities, not even from the law, not even for what was right or what was wrong. They won on technicalities. So the system is so flawed in my opinion and I really don't appreciate it and I don't like it. I put myself in a position and I suggest that you do the same thing not to be sued in the first place. One of the ways that you don't get sued is when somebody looks up your name and they do an asset search and don't find anything, they don't find that there's any assets for them to be able to attach or steal or I mean capture based on the situation. So I teach this to you not to take advantage of others and not to avoid things that are your responsibility. I want you to take personal responsibility for anything that you are responsible for. What I teach you this for is; those folks that don't want to do what you did to get what you got. They only want what you've got. And those kinds of folks are out for blood and they're out to really take advantage of you. What we found is when it's expensive and when it’s gonna be a hard case to win, then they many times drift away. My advice is simply don't own anything in your own name and when, or if someone were to get a judgment against you personally and you don't own anything in your name, why? Because those things are owned by the various trusts that you might be a beneficiary of or you might not be. That's not published anywhere. So it's nobody's business. That's your opportunity to protect your assets when it's not on public record in your name. Learn the power, learn the magic of trust. It's one of the best things you could ever do. It's served me very well, been doing trust since 1984 and we've learned that there's some important and valuable things that you get as a result of trust. I've identified over 30 different benefits of trust that you cannot get with any other entity, not a corporation, not an LLC, not a limited partnership. You can only get it with trust so it can benefit you greatly to learn about these powerful things called trust. For more profitable and powerful tips, go to StreetSmartInverstor.com and bring difference into your real estate business.
Investors have long regarded Lou’s training, systems and forms as the best in the industry. He has been quoted as an expert by many publications including The Wall Street Journal and Smart Money Magazine.
Lou draws from his wide and varied background as a real estate investor. Having bought property since 1977, he has invested in single-family homes, apartments, hotels and developed subdivisions, as well as building and renovating homes and apartments. These experiences have given him a proving ground for the most cutting-edge concepts in the real estate investment industry today.
