Rob’s Rule #9<\/strong><\/em><\/p> Today, I\u2019m gonna go over what happens to most people when they find themselves in financial trouble. Asset protection planning is always done best when the seas are calm<\/strong>, when nobodies after you.<\/p> Unfortunately a lot of people wait until the last minute<\/strong><\/em>, when they\u2019ve been sued, threatened or, you know, they\u2019ve waited until they need to hire somebody like me. When danger is imminent it gets more expensive and more difficult. So always do it when the financial seas are calm.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t 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\u2019s name, into my wife\u2019s name, or into my mother\u2019s name”; Or they\u2019ll 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.<\/p>\n But it’s typical, we call it rule number nine. I\u2019m 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? <\/p>\n What have you done to her? You\u2019ve turned her into a co-conspirator. You\u2019ve involved her in your litigation even if it hasn\u2019t been filed. You\u2019ve turned your mother into you co-conspirator or your brother, or your wife. Never involve your friends.<\/p>\n All asset protection<\/a> should be fully disclosable. Stealth matters, you don\u2019t 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\u2019t go giving it away to a friend.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t What’s that friend?<\/strong><\/p> A friend is just somebody with a wink and a nod who\u2019s holding it for you as you’re aging. You\u2019ve turned your friend into a co-conspirator. You forced your friend to incur tens of thousands or at least thousands of dollars in legal fees, and you haven’t done a damn bit of good because it doesn\u2019t hold up or stay protected. <\/p> So, next time you feel this compulsion to give it away to your friend, don\u2019t.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\tWhat\u2019s the normal response most people give when they do get in trouble?<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
Asset Protection Planning<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t