Product Description
America is lawsuit crazy. We are becoming bankrupted through sky rocketing insurance premiums and ravaged by ludicrous jury awards. Nobody is safe from the million lawyers hunting their next victim. Can you afford to lose what you have to a frivolous lawsuit? If you are in a car accident, involved in a divorce, or any type of lawsuit-no matter how insignificant it may seem-someone may attempt to leverage a huge settlement. Careful planning before problems arise p… More >>
So Sue Me! How to Protect your Assets from the Lawsuit Explosion
Tags: assets, car accident, divorce, explosion, frivolous lawsuit, insurance premiums, jury awards, lawyers
This book is very easy to read and provides some excellent general advice and information for readers who are unfamiliar with the topic.
However, it does not provide the detailed information needed by someone who wants to formulate their own tailored estate and/or asset protection plan even though the book implies that it does. For example, some of the ‘information’ relating the differences between states is outdated and/or wrong.
Read this book for fundamental information and as a wake up call for the need for protection rather than as detailed advice on how you can do it!
Rating: 3 / 5
This is a book that I wish I’d had (and paid attention to) some years ago, that is, before being sued for divorce. I then had to learn what he says here through talking to attorneys (at $much per hour this is an expensive approach) and by writing my ex-wife big checks (but I got sole custody of the kid so it was worth it).
Dr. Goldstein is talking about protecting what assets you have (after divorce that may be considerably less than you had before). When your major assets have been stripped away, you still need to protect what you have left, but some of the rules change. For instance liability insurance, if you carry a million dollar liability policy and have only $10,000 in assets, this may entice a hungry attorney to sue you while if you only had $20,000 in insurance, he may go look for another target.
Rating: 5 / 5
This book is a great intro on why EVERYONE (except those who have vowed a life of poverty) need to consider asset protection. Also gives a good account of the various methodologies for asset protection.
Rating: 5 / 5
This book is an easy read and is the best “primer” book on the topic of asset protection out there. Dr. Goldstein has practiced asset protection for over 40 years and is thus probably the most experienced AP planner in America. It explores many practical solutions and strategies for keeping your wealth safe from creditors. I recommend it for anyone who is just learning about asset protection and wants a good foundational understanding of the subject.
If you’re looking for a more detailed, in-depth treatise on Asset Protection, which pulls out all the stops and explores the most advanced strategies available (DBETTs, DEMMLLCs, obligation-based liens, UFTA §8(a) strategies, SynRoths, Ultimate LLCs, advanced offshore strategies, and a host of other stuff that NO OTHER BOOK talks about) then I highly recommend “Asset Protection… In Financially Unsafe Times”, also written by Dr. Goldstein. It has over 440 endnotes and explains the case and statutory law surrounding key asset protection concepts, so you REALLY understand the world of asset protection at a deep level.
Rating: 5 / 5
You need to read this book now.
I always buy Mr. Goldstein’s books. They are very
informative. I look forward to the new book he
has coming out. I have pre-ordered it. I use some
of his techniques in my practice.
Rating: 5 / 5