• How Anonymity Protects Assets

  • Feb 18 2024
  • Length: 1 min
  • Podcast

How Anonymity Protects Assets

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  • Summary

  • How does anonymity protect your assets? Attorneys want to sue people with assets that are easy to find and easy to collect. If an attorney does not find significant assets in your name, then the attorney will be less likely to sue you.

    How does anonymity protect your assets? Attorneys are eager to sue people with assets that are easy to find and easy to collect. If any occasion for a lawsuit arises – say, for example, you get in a fender bender – an attorney will search for your assets. Attorneys have access to powerful databases that quickly enable them to find businesses, vehicles, accounts, and property held in your name. If a search for your assets doesn’t reveal anything in your name, then the attorney will be less likely to sue or more likely to settle for insurance policy limits. Therefore, a first line of asset protection is anonymity – that is, keep your assets anonymous; do not own them in your name. You can accomplish this through a combination of tools that I leverage for my clients, including business entities and trusts. Keep it secret; keep it safe!
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