how many people here actually have well protected assets in trusts and companies i am just wondering.
or even taking out multiple spiderwebs kind of second loans to protect their equities that they spent all their lives investing for ?
does setting up trusts companies for asset protection protects you from legal proceedings of example.
You play golf and accidental smack a ball and hit someone in the face which cost them 1 milliondollars to repair and courts found you guilty of negligence.
drink driving on public road causing death or bodily harm or even not drink driving and courts found you guilty say 80% at fault of negligence and the motor accident commision ie(third party rego insurer) comes after you for large sums.
another scenario would be if this does happen can they simply just take all assets you own in your name by creditors even if its properties with mortgages ?
how will trust protect us from these circumstances should bad luck arises ?? lol what would you do if it happens , just sell up and run to switzerland with cash is logical choice but obviously thats not going to work.
or gifting it all to family members or charity ?
just been noticing it is quiet prominent in most real estate investing books that asset protection is a must, but do an average investor say 1-3 or even 5 properties networth under 2 million even need to do anything ?
or even taking out multiple spiderwebs kind of second loans to protect their equities that they spent all their lives investing for ?
does setting up trusts companies for asset protection protects you from legal proceedings of example.
You play golf and accidental smack a ball and hit someone in the face which cost them 1 milliondollars to repair and courts found you guilty of negligence.
drink driving on public road causing death or bodily harm or even not drink driving and courts found you guilty say 80% at fault of negligence and the motor accident commision ie(third party rego insurer) comes after you for large sums.
another scenario would be if this does happen can they simply just take all assets you own in your name by creditors even if its properties with mortgages ?
how will trust protect us from these circumstances should bad luck arises ?? lol what would you do if it happens , just sell up and run to switzerland with cash is logical choice but obviously thats not going to work.
or gifting it all to family members or charity ?
just been noticing it is quiet prominent in most real estate investing books that asset protection is a must, but do an average investor say 1-3 or even 5 properties networth under 2 million even need to do anything ?