Need for Asset Protection

Need for Asset Protection

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.

Liberty Street Advisory Group refers to the separate entities, Liberty Street Law, Liberty Street Capital and Trust & Estate Stewards. None of these entities or persons furnish actuarial, accounting or comprehensive tax advice. Liberty Street Law is a law firm, and does not provide investment management, or any financially-related services. Liberty Street Capital, is a limited liability company registered as an investment advisor in Georgia and other locations. Trust & Estate Stewards is a limited liability company. Past results are not a guarantee of future performance.