Think You Don’t Need Asset Protection?
It’s no secret that America is a litigious country, which is why our asset protection legal counsel has been utilized by myriad clients for close to twenty years. Clients are concerned with protecting assets from varied threats. For example,
- doctors and medical professionals protect assets from medical negligence claims;
- real estate developers and landlords protect their assets from lawsuits by purchasers, tenants and passers by;
- financial professionals protect assets from claims of faulty investment advice.
Sadly, in many cases, the lawsuits are without merit. People look to sue on the flimsiest of legal theories. Quite often, lawsuits are initiated because the plaintiff sees the defendant as a “deep pocket”. In many cases, the litigation is nothing more than a “nuisance suit”: little legal merit, but the defendant pays something to the plaintiff just to make him go away. Many lawsuits are begun with the sole goal of obtaining a settlement from an insurance company. (Nevermind that the insured has to battle in court, pay legal fees, and deal with the personal and psychological consequences of the litigation.)
Further illustrating this point is the website http://www.whocanisue.com/. This website presents a catalog of potential legal claims, from dog bites to viagra to defective breast implants, nursing home bedsores to bad plastic surgery. Are you angry and in need of some money? Perhaps you might file a lawsuit against someone.
It is the job of our legal system to act as a filter, allowing legitimate lawsuits based on real liability and actual injuries, and weeding out frivolous legal claims. Often, our legal system works, but often enough, it does not. Fortunately, our legal system also allows for careful, defensive strategies to protect your assets from the threat of litigation.