Newspaper story warns people must protect their net worth.
Las Vegas, NV (PRWEB) November 9, 2007 -- A recent report in a major metropolitan newspaper, The Arizona Republic, titled "Preserve Wealth from Calamity" by Russ Wiles highlighted a simple fact; most people are not protected from major financial calamities, especially lawsuits. Mr. Wiles points out that standard insurance does not cover all the bases for individuals who might suddenly find themselves defendants in a courtroom and that all sorts of potential tripwires can trigger lawsuits that could shatter a individuals net worth. What can be done to protect assets from these dangers? The first step is talking to a professional like the Asset Protection experts at Boss Business Services.
Tom Nelson COO of Boss Business Services a leading asset protection and business structuring firm said "It is a simple fact, most people do not take the time to protect themselves from lawsuits, in todays litigious society this could have potentially disastrous repercussions"
Ask yourself this question, "What single thing could cause me to lose everything that I have worked so hard to build up my entire life?" Realistically only one thing can cause this and that is a big lawsuit, and as Wiles points out, many folks think that if they do not have a huge net worth, that they are immune from lawsuits. This is simply not the case. Judgments from lawsuits do not go away if you cannot pay them right now. They earn interest at high rates and can be renewed, generally in ten year increments. If they cannot take a defendants current assets - they can wait and take what is earned later. Too many people have learned the hard truth that a simple mistake when they are young can haunt them for years.
Most people believe that this can never happen to them, but statistics say otherwise. According to the 2006 Update on U.S. Tort Cost Trends published by the Tillinghast business of Towers Perrin, the average American family pays an extra $3,500.00 per year in goods and services due to the costs of civil lawsuits. The study does not even factor in the costs of the federal and state court systems required to administer the suits. Further, an estimated one of four Americans will be sued in their lifetime and that one in fifteen Americans are currently involved in a lawsuit. Given these statistics, it is only logical to look for the best asset protection strategies available to address this threat and Boss Business Services can help.
If you have any further questions regarding asset protection call Boss Business Services now at 888-969-BOSS (2677) and they will send you a free Understanding Asset Protection Kit that includes DVDs by some of the nation's top attorneys showing you a simple and easy solution to address the threat. The kit also includes a workbook and a Asset Protection Questionnaire. If you send them your completed questionnaire, you will receive a Free 30 Minute consultation with one of their expert representatives. During your consultation you will work one-on-one with one of the nation's leading entity structuring representatives to create a personalized entity structure for your particular asset protection needs. Each investor or business owner has a unique set of circumstances with regard to their assets, business, family situations and liabilities and, therefore, each investor or business owner requires a unique solution.
About Boss Business Services
Established in 1993, Boss Business Services has helped thousands of business people, attorneys, accountants, and physicians worldwide. Our team of professionals includes Attorneys, CPA's, Enrolled Agents and Entity Structuring specialists, as well as a highly trained group of customer support personal including bookkeepers and paralegals. You can count on Boss Business Service as your long-term partner in reaching your business goals. Boss Business Services has a strong commitment to excellence in providing you with the finest Business, Estate, and Tax Planning products and services. Let us do what we do best, so you can do what you do best.
Source: PRWeb: Legal / Law
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