How To Appear Broke To Lawyers And Creditors
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 Published On Mar 2, 2023

In this video, I share three strategies that can help protect your assets and thwart BS lawsuits. The strategies are designed to prevent attorneys, creditors, and snoops from taking your investment, personal residence, or business.

Learn more about how to become anonymous AND appear as if you own nothing at our next Free Tax & Asset Protection Workshop. Save Your Seat: https://aba.link/xuu

Learn what a creditor can collect against, such as garnishing your bank account, obtaining a prejudgment lien against your property, and foreclosing on your assets. This video explains how to make yourself appear broke so you can hide your assets from creditors and the importance of using strategies that make it difficult for someone to find assets in your name or business.

I break down the strategies for protecting your business by distributing cash out of your entity and into a separate LLC, creating a banking entity to hold cash used in your business, and entering into a line of credit agreement with your existing business to make it appear fully indebted.

β€œI want to talk about what a creditor can collect against because that is going to play into how we set up structures for you to avoid attorneys, creditors, and snoops from getting into your actual affairs and taking your assets.” 0:27

The important thing to remember is that even though you have assets today, they can be gone tomorrow if you don't take the appropriate steps necessary to appear less affluent.

By following our tips, you can avoid probate and protect your assets from creditors. Learn how to protect your personal residence, business, and investments today

If you have any questions or comments, please feel free to leave them below.

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Show Notes:
0:00 Intro
0:26 What Can They Do?
2:22 #1 Mistake
4:50 Considerations
8:41 Personal Residence Trust
10:04 Protecting Investment Real Estate
13:09 Recap
13:53 Outro
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FREE TAX & ASSET PROTECTION WORKSHOP

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For financial strategies, podcasts, articles and details on upcoming workshops visit https://aba.link/clintaba

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ABOUT CLINT COONS

Clint Coons, Esq. is one of the founding partners of Anderson Law Group, Clint has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.

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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

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