HELOC as asset protection!?!

[Kevin Sutherland]

I have been recently thinking of asset protection strategies and came up with my very own.

I know most landlord do umbrella, trusts, and/or LLCs to protect from lawsuits. However, no one ever talks about DEBT as an asset protection strategy.

Wouldn't having tons of debt help against lawsuits?!!

I mean you can very easily get HELOCs at a very low cost and draw out as much as you can when a lawsuit is filed against you. You could draw the cash and put into a LLC bank account or hide the cash somewhere else