Welcome to the WealthSaver Report, a newsletter by Barth Berus & Calderon, LLP. This newsletter aims to educate you on the subjects of: Asset Protection and Wealth Preservation. Since asset protection and wealth preservation involve different strategies - from the simplest to the most complex - we hope to keep you informed of these strategies through newsletters, white papers, webinars, and podcasts delivered in an easy-to-understand format. We hope you find these newsletters interesting and useful.

New This Month: WealthSaver Tips
 
1. Liability insurance is never a complete solution. Policy exclusions (e.g., gross negligence or punitive damages), inadequate policy limits, and gaps in coverage may leave you unprotected and your personal assets exposed.
 
2. Asset protection has three primary goals: Discourage lawsuits, settle lawsuits inexpensively, and shield your assets from creditor seizure.
 
3. Three broad protection strategies are: 1) to own exempt assets, 2) title your assets to protective entities; and 3) encumber immovable assets.
 
4. Use multiple firewalls to maximize your protection so all your assets aren't in "one basket".
 
5. Laws and strategies change. Keep your asset protection plan updated and as protective as possible.
 
6. Don't procrastinate. Anyone can get sued for anything...at anytime. Don't wait until a lawsuit threat arises - it may be too late. Early planning is the key to untouchable wealth.

To schedule a complimentary teleconference with me to discuss any asset protection concerns, click here.