Personal Injury Lawyer Will Steal Your Unprotected Personal Assets (III)

USE THE LAW TO PROTECT YOUR ASSETS FROM PERSONAL INJURY LAWYERS

Use “law” not secrecy. Under tax law, there’s an exception under Internal Revenue Code sections (IRC) §671-§678 that allows the original owners of the personal residence to deduct mortgage on interest and tax deductions of real estate taxes paid on your form 1040.

Under civil law if your house is owned by an independent trust with an independent trustee, you will have repositioned (transferred) you home from you and your spouse to an irrevocable trust whereby you no longer own the house.

Use “law” not secrecy to reposition your automobiles, your corporate stock, your sub “S” stock, your vacation spot, your business assets, your commercial real estate investments, your CD’s, your IRA’s, your financial investments, and so on. Each of your assets needs to have a financial asset and protection goal.

Ask yourself whom you need protection from and for what purpose do you need this protection? Then select all appropriate legal entities created by “law" such as Limited Liability Companies, “C” Corporation, “S” corporation, Limited Partnerships, Family LLCs, Family LLPs, Revocable Trusts, Irrevocable Trusts, Grantor-Type Trusts, Non Grantor Trusts, International Business Companies, International LLCs, Foreign Asset Protection Trusts, Delaware Trusts, Alaska Trusts, etc. For each asset, you should determine what is your financial goal? And then what’s the appropriate legal entity to achieve those objectives?

Beginning the thought processes to implement basic measures to thwart the evildoers of creditors and all contingent fee attorneys including our very personal injury attorneys is the first step. It always starts off with just a thought, doesn't it? Plant that seed and then act upon it. You'll begin to find more restful sleep and know that you'll be making our miserable, personal attorneys find new strange bedfellows to lie with.

Rocco Beatrice, CPA, MST, MBA, Award-winning trust & estate planning expert toll-free: 888-938-5872 Watch a FREE video on surefire ways to save time, reduce taxes legally, protect your assets, secure privacy, preserve your money & attain an accelerated, successful, financial wealth-building roadmap. Click here: Irrevocable Trust Asset Protection, Medicaid Asset Protection, Estate PlanningI

Personal Injury Lawyer Will Steal Your Unprotected Personal Assets (II)

HOW TO PROTECT YOUR ASSETS FROM CONTINGENT FEE ATTORNEYS

What’s asset protection? In my definition asset protection is protecting everything you have or control against pickpocket experts (i.e. personal injury lawyers or any other contingent fee attorneys) who have perfected their profession on easy targets, like you.

Each of your assets should have a financial goal. What’s your financial goal for your personal residence, your vacation spot, your CD’s, your IRA, your investment accounts, and your other valuable assets?

With your personal residence, the bank is protected by virtue of a mortgage subject to the real estate. It's your personal equity in your home that is wide open for a lawsuit. Do you have minor children learning to drive your car? Did you know that you assume full responsibility for their negligence? Do you own your home in your name jointly with your spouse? Did you know that if either one of you gets sued … you can lose more than just your house?

Another financial goal for your house is the tax deductions available for tax purposes on your form 1040. Tax law allows deduction for mortgage interest and real estate tax deduction. So there are two financial goals for your personal residence: protection from potential creditors and their counterpart injurious, villainous attorneys, and tax deductions for your interest on mortgage and real estate tax deductions.

Personal Injury and Automobile / Car Accidents In Rhode Island - FAQS by a RI Lawyer (I)

by David Slepkow


Question: How do Rhode Island lawyers charge for personal injury/automobile accident cases?

Answer: Most lawyers In Rhode Island take personal injury, premises liability, dog bite cases, slip and fall and auto / car accidents on a contingent fee basis. I never collect any fees unless successful in settling your case or winning a verdict at trial. (Please call Rhode Island personal injury and car accident attorney David Slepkow at 401-437-1100 if you need any legal advice) The lawyer typically will take the case costs from the settlement or verdict at the end of the case. Most attorneys advance case costs.

Question: Should I deal with the insurance adjuster myself without the help of an attorney in order to settle a Rhode Island personal injury or automobile accident case?

Answers: Representing yourself and negotiating with an insurance adjuster is usually not a good idea! Because you are not an attorney and have not handled personal injury matters before, you are often not aware of the full value of your case. The insurance adjuster may take advantage of your inexperience. Insurance adjusters typically will offer a lot less money to a person representing themselves than they would to an attorney representing a client.

Furthermore, when you are representing yourself in a Rhode Island personal injury case, the insurance company knows that you do not know how to litigate a law suit. Therefore you don't have as much leverage with the insurance adjuster.