Financial Privacy

Written by Joe Chamberlain
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The United States has one of the highest lawsuit rates in the world. Americans love to take each other to court for any number of reasons. As a result, there are ads for lawyers on television, plastered on public transportation and in print. Anyone can be the target of a lawsuit--consider the number of reality television courtroom programs that deal with petty disputes.

Lowering the Risk of Lawsuits

There are certain individuals who are at a higher risk of being sued simply because they have been financially successful. There are many people who would love to take advantage of that success, profiting from it by bringing a fraudulent lawsuit. If you are a land or small business owner, it may be a good idea to look into ways of protecting yourself against these types of situations.

One of the more common ways that people choose to protect themselves is to establish financial privacy. Financial privacy is achieved by legally transferring any of your property or capital to an entity that is not connected in any way to your name. In this way, if a lawsuit is brought against you, your assets are protected since they are not held in your name.

There are many companies and consultants in existence who are well equipped to guide you through the process of asset transfers, following all legal guidelines. The forms and procedures can be quite confusing and it is important to be sure that you are working with someone who is knowledgeable. When dealing with important money matters, it is imperative that you work with people who are trustworthy, so be sure to do ample research before settling on a consultant.


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