Best Asset Protection Course

[Karma Senge]

Hey all, the other day at the local reia (CFRI) they had Attorney Lee Phillips talking about asset protection. His talk was ok (a LOT of "my course is the best" type of stuff), and left me wondering which courses you all recommend as some of the best asset protection courses available?

[Jay Hinrichs]

I would venture to guess 95% of those on wanting to know about asset protection do not need it as they have no assets to protect or they have limited assets.

When you reach 7 figures of liquidity then you might think about SPENDING MONEY PROTECTING YOUR MONEY.  In my opoinon this asset protection for newbies is no better than the gurus selling the how to do it class's..

the reality is if you do not have substantial assets that are liquid or have very discernible equity you have little or no risk of losing them.. The only one that is going to sue you is someone who thinks they can win big.. you own a few rental houses no risk.. you have a million in the bank you have risk.. And those smart enough to have assest worth protecting know they need umbrella policies that they pay for each year... To pay someone for so called asset protection in my mind is Ludacris. LLC is a few hundred and umbrella policy is 300 to 500 a year for millions in protection

Like all these folks say don't spend money on Gurus.. same goes here don't spend a bunch of dough on asset protection ..... its for the very paranoid folks