Litigaphobia is the fear of being sued. Over 40 million lawsuits are filed annually in the US, making it a real concern for doctors, contractors, and business owners. Offshore trusts offer the strongest protection for assets against lawsuits and creditors.
Have you ever known of anybody who had a fear of lawsuits or what seemed like an irrational fear of getting sued? It's known as litigaphobia. I didn't just make that up. But here's the thing about that. Plenty of people out there that have that fear don't really have a rational basis for it because they're not likely to get sued. On the other hand, people in professions like doctors, contractors, people who own their own businesses, there's definitely a justifiable basis for that fear. Over 40 million lawsuits are filed in the US every year. So you're asking, well, Jerry, what can you do about this? Peace of mind can come from the creation of some type of an asset protection trust that would insulate your assets from lawsuits, creditors. Basically 3 types of asset protection trust: domestic, offshore, and Medicaid. But here we're really talking about domestic and offshore trusts. Both have their pros and cons, but the offshore trust is better suited to give you the peace of mind you're looking for. If you're looking to stop worrying so much about lawsuits, click on my picture and click on the Linktree.
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