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protecting your assets for retirement investing and for your family

protecting your assets in an Limited Partnership from investing in stocks and other investments CLICK HERE


Many people as they collect assets over the years start to wonder how they can protect them. The usual method is to try to start a corporation or trust for their real estate and other assets. Unfortunately most people do not realize that basic corporations are simply a BAD CHOICE for protecting yourself from creditors and lawsuits. The problem with the average corporate structure is that any lawsuit that is won against the company will not technically be against you, but against the company, and he or she may be able to attach any shares that you own which can be taken by the creditor or the person sewing you.

If he or she can get more than 50% of the shares they will then be able to control the company absolutely. So you could still own 49% for thehouse or real but they could throw you OUT, or do whatever they wanted with the property. What is worse if your house is not under homestead it can be taken by a creditor or lawsuit in court. You must be very careful to protect what you HAVE before you go for acquiring more. retirement investing

Properly protecting assets derived from your investment broker,or real state

So as you can see, it is important for us to protect our assets all the way up to retirement investing. The SMARTEST way to protect them are through a LLC or a family limited partnership. The best option for most people and their TAX LAWS, is a family partnership. A partnership is the same only a family one is owned by the family. The law says that if anyone is part of the partnership they have the SAME rights as everyone else with the assets. Meaning that if your Dad owns 2% and you own 54% of the family partnership he has as much to say as you do. The best a creditor can do against this is get a charging order which gives he or she rights to the INCOME MADE by the owners or the assets but NOT THE ASSETS THEMSELVES. Follow these steps for protecting your assets with a LP.