Asset Protection Secrets

Rating:
Summary: Excellent Book On Asset Protection
Review: Arnold Goldstein's classic book Asset Protection Secrets is probably one of the few asset protection books you will find that actually gives you your money's worth.

Goldstein's advice is aimed at those who are not only fighting off creditors, but those who want to legally and legitimately shield their assets from lawsuits, greedy ex-spouses, and other nosey people who should not have the right to go poking into your financial affairs in the first place.

His advice is applicable to individuals, businesses, professionals, and those who just want more financial privacy. Probably the best lesson you will learn from this book is that an ounce of prevention is worth a pound of cure. Even if you are happily married, if your business is in great financial shape and you have no legal problems of any type, NOW is the best time to take action. Waiting until trouble comes looking for you is much more expensive in the long run than simply preparing for the worst. If nothing else, following his advice will probably save you a ton on taxes, even if you never have to defend yourself against the courts or creditors.

This book is simple to both read and comprehend. Anyone should be able to follow the advice therein. However, keep in mind, most of the techniques in this book should only be used with the assistance of a skilled attorney. Trying to implement most of these suggestions on your own could land you in more trouble than you had in the first place. It will give you a lot of good ideas to discuss with your attorney though.

Overall, this is a great book for those looking to find basic info on asset protection and how to deal with creditors and debt.

Rating:
Summary: Protecting your Assets
Review: Asset protection is not just for the wealthy, or those who may be perceived as seeking protection for illegal or immoral purposes! Using legally approved structures and strategies, Asset Protection Secrets provides a pragmatic point-by-point guidebook of asset protection strategies for everyone. If you think you don't need this book, as yourself these questions: Do I have checking or savings accounts? Do I own real estate? Do I own a car? Do I own stocks, bonds, or mutual funds? Am I married - am I planning to get married? Am I considering divorce - am I divorced? Do I owe anyone money? Virtually every person can answer, "yes" to one or more of these questions. Asset Protection Secrets not only provides the reader with the tools to begin planning a proactive asset protection plan NOW, but also provides resources to assist the reader in locating and evaluating professionals to assist in initiating a sound asset protection plan.

Rating:
Summary: Protecting your Assets
Review: Asset protection is not just for the wealthy, or those who may be perceived as seeking protection for illegal or immoral purposes! Using legally approved structures and strategies, Asset Protection Secrets provides a pragmatic point-by-point guidebook of asset protection strategies for everyone. If you think you don't need this book, as yourself these questions: Do I have checking or savings accounts? Do I own real estate? Do I own a car? Do I own stocks, bonds, or mutual funds? Am I married - am I planning to get married? Am I considering divorce - am I divorced? Do I owe anyone money? Virtually every person can answer, "yes" to one or more of these questions. Asset Protection Secrets not only provides the reader with the tools to begin planning a proactive asset protection plan NOW, but also provides resources to assist the reader in locating and evaluating professionals to assist in initiating a sound asset protection plan.

Rating:
Summary: What is the right answer?
Review: I have read several books on this topic; none of them provided me with the "right set of answers" to my questions. Everyone of these book authors recommends their "favorite" legal structures for asset protection, and all of these protection schemes have "holes". Furthermore some of these schemes come at a steep price: on the one hand you may give up considerable amount of control over your investments, and on the other hand it (most likely) will cost you lots of time and money to set these structures up. What I like about this book is, that Mr. Goldstein presents this difficult topic from a neutral point of view - not recommending one legal structure over the other one. His discussions of the various asset protection vehicles are "to the point" - yet complete. What I miss is a more thorough discussion of the risk management side of asset protection. If you are in the middle class and you are on a limited budget, risk management is they key to (reasonable) asset protection. Let's face it, myself and probably most of us are better served with high liability insurance than with legal structures of the "rich and famous". Nevertheless, if you want to learn about the world of asset protection, Mr. Goldstein's book is a great reference! It will provide you with all the basic knowledge to discuss your case with an experienced asset protection lawyer.

Rating:
Summary: useful guide for asset protection
Review: The author clearly present the basic idea of asset protection togehther with certain useful and constructive tips for reader.
In fact, many tips are very useful in practical way as I come across before. I have no reservation to recommend you to read this book as your first bible for asset protection.

Rating:
Summary: Outdated
Review: While this book might have represented the cutting-edge in 1997, it is seriously outdated today. For instance, the book talks about offshore trusts as the penultimate asset protection tool, which was of course disproved in the Anderson case in 1999 and the Lawrence case in 2000, where in both cases those who set up offshore trusts went to jail. This book is good for the archives, and not much else.

Rating:
Summary: An absolute, invaluable "must"
Review: Written by a nationally known tax and asset protection specialist Arnold Goldstein, Asset Protection Made E-Z is the information-packed guide to complete financial security. From dealing with lawsuits, creditors, and divorce to the IRS itself, chapters leave no threat unexamined. Asset Protection Made E-Z is an absolute, invaluable "must" for the financial head of every household!