With 20 million lawsuits filed every year, asset protection has proven to be a major concern for wealthy individuals.
In this episode, Derek Myron speaks with Siddharth Chhokar of Chhokar Law Group about how ultra-wealthy individuals can achieve true asset protection. They discuss powerful planning options for people who live in states that don’t have asset protection laws, along with strategies for negotiating and for removing the threat of outrageous litigation.
In this episode, you’ll learn:
- The difference between the segregation of risk and true asset protection
- Which three states allow you to create a private trust company
- How to protect assets in your child’s trust — even though certain states don’t allow people to create self-settled asset-protection trusts
- What actions to take before the tax landscape changes
- And more!
This is an informative episode that you will want to rewind and listen to again! Tune in now to hear powerful planning strategies to help you achieve true asset protection.