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Updated over 6 years ago,
Asset Protection Success Stories - Are there any?
There are about a million posts about asset protection, usually having to do with asking how to go about doing it, or what the 'best' strategy is. There may be posts about the topic I'm going to ask, but it's drowned out by the million general asset protection posts.
Here's the question:
Does anyone have an Asset Protection Success Story?
This could be any situation where because you had some form of asset protection, whether a legal entity, adequate insurance, or something else, the outcome for you was better than it could have been.
I am NOT interested in how your asset protection is configured unless you can demonstrably say you have used it. For example, if your asset protection strategy is to have a huge, confusing labyrinth of entities obscuring the ownership of your properties, you can't say it's a success story because you have never been sued or had a claim. You CAN say it's a success story if someone tried to do so, and couldn't, though. Affirmative evidence of efficacy only, please.
My guess is there will not be many replies to this thread with actual success stories, and if there are any, most of them will be in the "my liability insurance paid the claim" category. However, I'm very curious to find out if that guess is valid or not.