Publisher's Synopsis
Asset protection is a set of legal techniques and a body of statutory and common law dealing with protecting the assets of individuals and business entities from civil money judgments. The goal of asset protection planning is to insulate assets from claims of creditors without perjury or tax evasion.
From this book you will also learn:
-Strategies you can use to reduce your income taxes each year such as how to create non-taxable income, how to deter income to a new tax year, and how to spread income to reduce your tax rate.
-How to protect your assets in the event of a judgment in excess of liability insurance or an exclusion in a policy.
-What legal entity you can use to reduce your Social Security and Medicare taxes each year.
-Sources of lawsuits and how to prevent them.
-Strategies you can use to eliminate the capital gains tax on the sale of a business, real estate, or other assets.
-Tools you can use to pass assets to heirs tax-free.
-And much more
