The best asset protection

29 Nov 2023 · 1 min

Watch on YouTube

0:41

In this brief video, Jerry Taylor explains two core principles of effective asset protection. First, assets should be made as invisible as possible to discourage lawsuits, reducing the likelihood of being targeted. Second, assets should be structured to be hard to seize, which he illustrates by recommending the creation of a holding company—typically based in Wyoming—for holding multiple LLCs that own investment properties. Wyoming is highlighted for its low taxes and anonymity benefits. Taylor concludes by inviting viewers to subscribe to his newsletter via his Linktree.

Chapters

If you've got assets you want to protect, you need to know this. The best asset protection strategies do two things. First thing they do is discourage lawsuits. How do you do that? You make your assets as invisible as possible. And number two, they make it very difficult to take it from you. For example, if you've got investment properties, that's going to mean that in most situations you want to create a holding company. And in that holding company will be all the LLCs for your properties. Good place for a holding company like that is a state like Wyoming. Not a lot of taxes to worry about, gives you anonymity. If a lawsuit is filed against you, you can get a reasonable settlement. You can work with me and get my newsletter in my Linktree.