So! What can you do to protect yourself?
As I always used to say to my children: “So… knowing this piece of information, how are you going to make money with it? I used to bring my children, and sometimes their friends, and we would go over the Value-Line stock investment charts, and we would pick stocks they knew about: i.e. Mario what are you drinking? He would say Coke. What industry is Coke? He would respond: “Beverage?” Can you name other products in the Beverage industry? He would respond by “Pepsi, Snapple, what about wine? You get the picture. We then would go to the library and visually look at stock charts and conclude that if there was high unemployment, people would drink more beverage, and if we guessed that unemployment was going up, by investing in Coke, or Pepsi, or other beverage stocks, we would stand to make money.
So if you are in business, own a home with equity, have small children, or have any other asset, you know that your wealth can evaporate just before your eyes with one frivolous lawsuit
How many times have you told your children, old enough to be at home by themselves, that you and mom were going away for the long weekend? You planned to leave late Friday and come home late on a Sunday or early Monday.
Before leaving you would gather your kids and would instruct them: no friends, no drinking, no smoking, no going over other friends, lock the door, etc. and here’s the phone number we are going to be at. And about an hour before you left to get back home you would call and announce that you were one hour from home. Did you do that? Did your parents do that?
You are thinking: but that’s why we have an Umbrella Policy. Just for that purpose. And that’s why we also have a fire insurance policy and automobile insurance. So I’m protected.
Well, that’s true. Insurance is your first line of defense. But, what happens when you leave home, on a Friday afternoon with your wife, for that long weekend and your minor children decide to have a few friends that turns into a high-test full blown invitation to all the high school football team and cheerleaders and leave your house fully intoxicated and 3 to 4 kids get into a car and cause quadriplegics.
Guess who is going to sing that song when your “Umbrella Policy” gets cancelled and you stand before a judge considering not only “civil” damages but “criminal” charges because you left your kids “unattended.” Did you know that you own every nut-and-bolt of your children under the age of majority, most states the age of 18.
Our Ultra Trust® is designed specifically for these unwanted circumstances. It is the UNCANCELLABLE insurance policy.
When you follow our Ultra Trust® advise and execute our instructions in a timely manner, your will diminish the probability of a potential frivolous creditor problem, eliminate probate, eliminate estate taxes, and when properly implemented eliminate the confiscator-predatory Medicaid spend-down provisions. We have a 100% success rate with this strategy over the last 30 years.
While you may not be able to eliminate frivolous lawsuits from every starving lawyer, no one can. But you will be able to dictate the terms under which greedy lawyers and their clients get compensated. With an Ultra Trust® irrevocable trust you are the starving lawyer’s biggest nightmare.