Learn To Do Asset Protection The Right Way
The Universal Group utilises the skills of Solicitors, Accountants, Financial Advisors and Assets Protection Trust Experts to provide a range of specialist planning solutions.
You can understand this from a very recent report from Forbes. It describes how a civil engineer managed to botch it up with his firm and was left penniless. It all started with a pool that a couple wanted a pool for their home. This was the year 2000. They hired a contractor who hired the engineer to test the soil and prepare a soil report. In 2008 the pool cracked and a lawsuit poured onto the head of the engineer.
However this was not the trouble. The trouble began in the years leading up to the lawsuit. In 2004 the engineer got worried that he might get sued by somebody. Poetic right? So what he does is that he builds three trusts with his own personal assets. These are spending thrifting funds and are not good for investing in. In one of the funds he drops the bulk of his assets including the office he works out of and the home he lived in. Very ill considered, all this left him about $500 to his name. When all hell broke loose in 2008 when he lost the lawsuit he was left with absolutely nothing to pay for the settlements. His office building could not be auctioned off because it was the property of the trust.
There is no harm in seeking an Asset Protection but it is always to do it the right way.
The Universal Asset Protection Trust has been created to secure your resources for you during your lifetime and provides you the satisfaction that they can complete on safely and unchanged to your partner, your kids and their bloodline (or other known as beneficiaries) after your passing away.
Universal Asset Protection
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