One of the worst responses you could think of, but a very normal one is most people say, “I’ll just transfer my valuable property in my brother’s name, into my wife’s name, or into my mother’s name”; Or they’ll try giving it away to a friend, so that way creditors won’t be able to get it. These are typical responses and also the most foolish, stupid, and dangerous responses you can think of.

But it’s typical, we call it rule number nine. I’m doing this short video to alert you that you should never do this. What have you done when you transferred your important asset, your property with a million dollars net worth to your aging mother?

What have you done to her? You’ve turned her into a co-conspirator. You’ve involved her in your litigation even if it hasn’t been filed. You’ve turned your mother into you co-conspirator or your brother, or your wife. Never involve your friends.

All asset protection should be fully disclosable. Stealth matters, you don’t go out and yell what you’re doing. Stealth is good, but you need to assume that every single thing you do gets discovered. You need to be able to hold your head up high when it’s disclosed to a judge. So, you don’t go giving it away to a friend.