By
John Dietz
Senior Advisor
This
is our first newsletter
since our newly designed
site. Along with
the new design, this
is actually an official
launch of Trustmakers.com.
The need for a low
cost, safe, secure
and affordable provider
has arrived. Trustmakers
was born out of the
idea that, whether
your assets are considerably
large or just meager
beginnings, you need
asset protection.
As the saying goes "whatever you have is all you have".
Our
format for Trustmakers.com
is going to be straightforward
and educational.
Our goal is to keep
you up to date on
the latest in the
world of asset protection.
As a matter a fact,
congress is busy
with homeland security
again. There are
some rumblings that
full disclosure of
all wire transfers
outside U.S. borders
will be required.
There will be more
on that later with
a special report
from our Chairman
,Rob Lambert. From
Washington to Katmandu,
if something is going
to affect your assets,
we will keep you
informed. Remember
the days when all
you had to do was
make money!
We
are. and will continue
to be, the lowest
cost provider in
the industry. However,
our standards for
excellence will remain.
Rob Lambert, the
founder and CEO,
will not tolerate
anything except proper
implementation of
strategies and plans.
When we talk to you.
it will be with honesty,
clarity, and integrity.
In
the upcoming months,
you can expect to
hear from us often.
We will be including
in our repertoire
many of the best
in the field of wealth
preservation. Trustmakers
will be your one
stop shop for asset
protection.
(But,
If this is something
you would rather
not continue to receive,
then please feel
free to unsubscribe
by using the link
at the bottom of
this email.)
Let's
get started on what
is important, if
not essential, to
protecting your world.
Our first objective
of the new site is
to get back to the
basics of wealth
protection.
Can
people acquire your
assets?
Answer: Yes, without
question!
Are
you a really target?
Answer: If you have
assets, absolutely!
How
does a predator target
you?
Answer: you're easy
to find
I
don't want to press
the alarm button
here, but let's look
at the facts: One
out of every three
people can expect
to be sued during
their lifetime. With
every passing year,
there are more and
more law students
graduating from schools
of law. If you're
reading this newsletter,
then the chances
are you already know
that.
I
hear people talk
in the and out of
the industry about
what percentage of
your net worth would
you have to pay to
protect it. This
is an oddity to me.
For example, let's
say you have $ 20,000.00
to protect and I
charge you $10,000.00
to protect it. Doesn't
sound like a good
deal does it? Unless
you make the mental
leap that a lawsuit
filed against you
could potentially
take your $20,000.00
along with your ability
to earn income. This
may sound bleak,
but all too often
this is how things
get played out. Remember,
there is a big difference
between a pessimist
and a realist. A
pessimist goes into
the casino and says "I'm probably going to loose." A realist opens his wallet and says to the blackjack dealer "How many hands can I play?"
Here
is the basic problem:
When things go wrong,
we go into crisis
management mode.
We have periods of
alarm, resistance,
and then most likely
exhaustion. Our brains
go into fight or
flight. In other
words, we are either
a deer in the headlights,
or a deer running
blindly at full speed
into the night. In
both cases the effort
is misguided. because
neither helps the
situation.
I
remember an old manager
of mine that never
planned his day.
He was a hard worker
and an honest person.
However, when confronted
with a problem, he
would immediately
relegate blame to
some third party,
other than the company,
himself, or me. Although
I appreciated his
loyalty, his actions
in crisis mode did
nothing to facilitate
answers or solve
problems. It's almost
as if we, as adults,
play the kids game
of "Tag." As long as the other person is "it", you have no responsibility. If only life were like that in the grown up world…
Asset
protection is not
tainting the world
with some negative
connotation that
you will be sued
tomorrow. Owning
anything requires
responsibility. And,
as you increase your
net worth. it ultimately
takes more commitment
to the task. The
responsibility to
handle your affairs
wisely is the first
step necessary for
protecting your wealth.
We can't guarantee
that you will never
be sued; but we can
stop the financial
incentive to litigate.
Asset protection,
in its purest form,
is simply putting
you in the driver's
seat.
Let's
get to it.
The
founder and chairman
of Trustmakers.com
- Robert Lambert
- has a simple yet
profound call to
action: If it's worth
striving for, it's
worth protecting!
Some of the best
things are so simple.
So, where do we start?
Essentially,
protecting your assets
is preparing for
what may never happen.
The average American
spends well over
$50,000 in their
lifetime on various
insurances. We would
not think of going
one day without having
either auto or homeowners
insurance. Ask yourself
a question: If there
was a possibility
of being sued, or
some creditor was
trying to get your
hard earned money,
what would you do?
Fight or flight?
(By the way, neither
works.) Seems like
some of the hardest
working, decent people
I know find themselves
on the wrong end
of a judgment creditor.
A
mentor of mine's
favorite saying is "Success is when preparation meets opportunity." If you want to have any success in protecting the things that matter to you,
preparation is the
only legal call to
action that works.
Let's
get to the two basic
key rules of asset
protection:
1.
What you don't own
can't be taken from
you.
2. No country in
the world automatically
recognizes US judgments
Number
one is the most misunderstood.
I recently spoke
to an attorney who
told me his understanding
of asset protection
was you give your
money to someone,
therefore you don't
own it anymore, and
therefore no one
can take it from
you. Right! The key
point here, ownership.
is much different
from control. Number
two is difficult
if you think you
need to move your
money into some offshore,
developing country.
Normally if asset
protection is done
properly. you won't
have to move your
money to any foreign
land. We will spend
time getting comfortable
on these subjects
in upcoming newsletters.
At
TrustMakers.com,
we pride ourselves
in giving you the
most up-to-date information
on establishing a
well thought out
asset protection
plan. We always recommend
that you involve
your lawyer and accountant.
Don't be alarmed
if they are not up
to speed on the world
of asset protection.
Today ,many professionals
specialize in very
specific arenas.
This may not be their
area of expertise.
We will help bring
them along if need
be.
Rob
Lambert wrote the
first book on asset
protection. Today
there are many providers
out in the shark
infested waters.
Although there are
many legal techniques
used in protecting
one's assets, unfortunately
there are just as
many out there that
will get you in hot
water. Make sure
you review our web
page Asset Protection
Misconceptions for
examples of misguided
asset protection
plans.
Let
me take time out
for a brief albeit
important infomercial.
One
basic thing you can
start doing today
that is not very
costly is to form
some sort of entity.
This is the first
step to reduce your
liability and it
can always be combined
with a comprehensive
plan. To celebrate
our new site, we
are offering our
new asset protection
course ($299.00 value)
with the formation
of a Limited Liability
Company for $995.
That's a $1,300 package
for only $995! To
order a Limited Liability
Company from Trustmakers
CLICK HERE. Once
you have completed
the course, you will
soon know why a simple
Limited Liability
Company is your first
step toward implementing
one of the other
key asset protection
principles: "Divide and conquer."
Remember,
in the world of asset
protection there
is no Holy Grail.
We take simple, common
sense steps to try
to eliminate the
economic incentive
to litigate. A word
of caution: This
cannot be done by
a general practitioner,
and should not be
done on the cheap.
If you get sued,
you will spend much
more on defense than
the cost of a normal
Trustmakers plan.
I
hope I'm not sounding
like some off-the-wall
alarmist. But planning
for the worst and
hoping for the best
is the only course
of action. I always
maintain the attitude
that it's not a question
of whether you may
get sued; it's just
a question of when.
That may sound bleak,
but it would be heart
warming to know that
you have done all
you can to become
an uninteresting
target.
I
hope these basic
elements of wealth
protection help you
in your quest for
keeping your assets
intact. I'll leave
you with this well
known axiom: AN OUNCE
OF PREVENTION IS
WORTH A POUND OF
CURE. Grandma gave
me that one. I wish
I would have understood
it as kid.
For
now
Good day to you.
John Dietz
PS:
Be on the lookout
for our Special Report
on the newly signed
Congressional Bankruptcy
Law. Your IRA's may
be jeopardy. This
is no joke!
If
you would like more
information regarding
asset protection,
trusts, family limited
partnerships or the
subject of this article
please call or email
our office.