RECENT FLOOD OF CALLS FOR ASSET PROTECTION: in just the last week we’ve received a multitude of calls from people asking to set up new Plans to protect their assets.

ISSUES BEYOND ONES CONTROL:  one might not actually believe some of the stories affecting those calling in for help. Here’s 2 examples: (1) a teenager rides a horse without permission and gets his ribcage and pelvis crushed.  But the owner didn’t know he was there and doesn’t have insurance for the horse because the carriers won’t provide coverage because of the fire danger.  Then (2) a client who’s been devastated by the COVID-19 pandemic fallout and lost all his employees and can’t meet contract demands, so now has vendors claiming loss of revenues.

THE PRE-PLANNER HAS A CHANCE: the 1st case client had done his planning in advance and has been funding his PRP plan for many years.  So while he has no insurance coverage, the true intent of the Plan for retirement has been established and funded assets can claim an exemption from any creditor attack/seizure in litigation.

THE PROCRASTINATOR MIGHT NOT: in person in the 2^nd case came to us 2 years ago and decided not to establish a PRP plans, so now there is no intent or proving the need for retirement.  Instead any establishing of a Plan at this point will simply be viewed with the primary goal of evading creditors, not for retirement, and will likely find themselves exposed under California UVTA (fraudulent transfer) laws, as well as find solutions to be much more expensive with much less margin of success in defense.

HOW TO PROCEED: if you don’t have any known litigation exposure, you can call TRUST-CFO and we can set up a private retirement plan properly to ensure your private assets are funded for your retirement.  If you have ANY known risk, please contact an attorney first to secure your client confidentiality (privacy) so that any communication can’t be deposed.  The attorney can then contact us to discuss the ramifications of exemption planning and existing retirement plans, and even setting up a PRP plan that excludes current litigation claims.

HEADS, OR TAILS?  50% of those that call us will have waited too long and won’t be able to set up a Private Retirement Plan.  The other 50% will be safe to do their pre-planning and qualify for a private retirement plan to exempt assets, save taxes, and preserve wealth from undeserving risks.

WHAT TO DO NEXT: if you want to be the 50% to keep your hard-earned wealth and do it right, contact us for more information and/or complete our FREE PRP Exemption Diagnostic Tool.