A lawsuit is filed every 30 seconds in the US. The costs of litigation per person are far higher than any other major industrialized country. The American tort system costs over a half trillion dollars annually. At current levels, US tort costs are equivalent to a 5% tax on wages.
For asset protection, the idea is to protect each significant asset from creditor attack at a time when there are no visible risks on the horizon. Once done, clients will have taken significant steps toward keeping their life’s work from going up in smoke due to a tragic event followed by a paralyzing lawsuit.