Rob Lambert here with Asset Protection Training
This is the first of 15 videos on The Perfect Asset Protection Plan
per in off your balance sheet and out of dodge, I love it!
Look at this title there’s nothing better because that’s really what perfect asset protection is. it’s what I try to achieve for all my clients.
This series of videos will help you understand and visualize asset protection.
It’s image-driven, icon-driven. Click on the icons for a short overview of each topic.
Okay let’s get into the topic and I look forward to teaching you.
This is the tool I use it represents you and your life.
- Circles for Humans
- Squares for Corporations
- Buckets for Trust
- Triangles, for pass-through, disregarded entities like LLC’s.
Let’s go up here in the upper right and we have you.
You are a circle you have six different types of assets.
- You have a piggy bank which represents stock, securities, a property that can be moved basically liquidity.
- You have a house it’s locked to the ground it can’t be moved.
- You have a pension type assets IRAs fancy pension plans no matter what they’re all subject to state or federal law.
- You have maybe commercial real estate it’s locked to the ground everything is locked to the ground is treated differently than things that aren’t locked to the ground.
- You might have intellectual property that’s what this light bulb represents. If you’ve got an intellectual property you must protect it. I will show you how.
- You probably have significant personal property cars jewelry art things like that we’ll talk about what to do with that if trouble ever comes.
- You have a family, you have beneficiaries, they’re in this circle
- You also have an estate planning obligation represented by this pen tip.
- You maybe will use domestic asset protection technology defective that it is. it still is used for real estate you may use that we’ll talk about that.
Click on these images for full explanations
You have obligations to Uncle Sam the tax man state and federal tax and other obligations to the governments that provide you hopefully safety and take care of you have to pay for it. That stimulates obligations and sometimes litigation, we’ll talk about that.
Unique to the united states but not uh not unseen in the rest of the world. You have the little red devil contingent fee, litigators attempting to separate you from every penny you have. If you have more than you should, more than they think you should and you do anything that they can torment you with a lawsuit with. you can count on being sued.
I just got finished protecting six doctors in one city because they all felt they were guarantors of a perfect birth you simply have that little red devil.
I will teach you how to make that little red devil become much smaller and less effective because just like common burglars, they do not work on principal, they work to make money. If you make them spend ten dollars to collect 10 cents they’re going to find somebody else to go torment.
That’s my greatest joy having them leave you alone because of technology using rules.
Here are the rules!
There are 13 important rules, these are the first three.
TRUST NO ONE
– Doesn’t need any explanation,
Don’t tell anybody anything you don’t need to tell them unless they have a need to know, don’t tell them. Don’t let them know you’re rich if you are. you may break that rule now and then but the more you break it, the more trouble you’re going to be in.
The next two rules are the rules that keep your assets safe.
You want to get them off your balance sheet.
O.B.S: Off Your Balance Sheet
what you don’t own can’t be taken from you. this is the first goal you want everything off your balance sheet. You want to own nothing and control everything you’ve all heard that before but it’s real it feels just the same to be flying around in a jet owned by your trust as it does flying around in a jet owned by you. except your jet is easily taken if it’s owned by you and it’s not easily taken if it’s owned by a trust. so you want everything off your balance sheet.
Ideally, you want to trigger the second a rule.
No country automatically enforces U.S judgments
The second mechanical rule and that’s a rule that features a judicial gavel to symbolize that you’ve taken away the judge’s jurisdiction. You’ve changed the battleground there’s an easier way to say it, you’ve chosen where to fight, you’ve chosen the rules. You might want the Cook Islands, you might want Belize, you might want the rules of some other country. Well, you can do that if you’ve set up a proper structure. You get to be in charge of the game.
We’ll be talking about the rules a lot more, but not just the rules the tools.
The tools are three entities a Trust company
A Trust Company: is a corporation usually owned by fancy lawyers in little countries.
You want to go to Belize or you want to go to the cooks, those are the only two places with good asset protection rules period. There aren’t any there aren’t even any close second. That trust company will be owned by a prominent lawyer, with a prominent family with a history in the country. These are lucrative wonderful business ventures that are very unique.
They assume the trustee position over a carefully drafted asset protection trust, which will contain many provisions. The main provisions of which help you take your assets that are in that trust off your balance sheet triggering the OBS. If it’s off your balance sheet you have that little blue marking available. You want it off your balance sheet, anything in the trust is off your balance sheet.
The trouble is if you put it in the asset protection trust, the trust company has control of it, the trust company can touch it. That violates the first major overriding principle, not even a rule trust no one, trust no one, don’t trust me, don’t trust your trust company, don’t trust your business partners if you don’t have to. Trust no one that you don’t have to.
We don’t put any assets in the asset protection trust. yes, we spend a lot of money drafting them. You’ve got to set lower, you’ve got a protector both of whom are probably you if the financial seas are calm. you have your beneficiaries which include you and they can be changed anytime by you.
The trust really owns nothing except one thing and must never own anything but one thing which is the membership interest in the offshore LLC which is lo and behold managed by you.
Note: It’s off your balance sheet.
Note: It has it’s out of dodge, it’s a perfect place to put money. Why? Because it’s unreachable, it’s off your balance sheet and it’s out of dodge.
Now let’s back up a little bit.
What happens if you don’t feel comfortable putting all your money or a lot of your money in a place? A bank in the cook islands or bank and Belize or a bank in some little place that you might do a trust in the future. Who knows where you’re going to go. If you want to put it in Switzerland or Singapore or major major banking cities. well, what you do is you form this other entity down here. This is a swiss LLC in the example that I just gave but it’s managed by you. Look, it’s off your balance sheet and it’s out of dodge your, money does really well here.
Now I’m just going to run this through because this is the key. Learning asset protection will happen when you watch the manipulation of things you can do.
Look! I just formed an LLC in Delaware or any of the 50 states. I had it managed by you anything in this is off your balance sheet, so you should put money in it that’s really easy.
While you’re putting your money out of harm’s way. Why don’t you move your intellectual property offshore? That way if there’s a problem in your business you can still survive. Let them take your building, let them take your machinery. But if they don’t have your urls and your patents and the thing that’s that make your business work, they’re out of luck. They got an empty shell, that’s no good.
You can also put your real estate off your balance sheet, by putting it into an LLC in the united states. look it’s off your balance sheet, it’s managed by you. Same as up here except it isn’t available to this little red-headed guy over here.
This is a real good thing. You might have a series of these because you never want to mix your metaphors, you never want to have your real estate projects in the same entities, you never want to have any income-generating assets in the same bucket. That’s a rule I didn’t show here yet I’ll be talking about that in later videos.
This is basically your world, your goal is to make you smaller. Look, your money’s shrinking your cars, your personal property is shrinking.
This icon refers to your team the people. the tools you need to do this right.
I’m gonna teach you asset protection for 30 000 feet. I want you to note that the next training is on: How to protect your money, How to engage in offshore banking. Watch it just click on the little piggy bank and you’ll get a short overview of that.
Thank you very much for watching and have a healthy and protected week.