How does anonymity protect your assets?
Attorneys are eager to sue people with assets that are easy to find and easy to collect.
If any occasion for a lawsuit arises – say, for example, you get in a fender bender – an attorney will search for your assets. Attorneys have access to powerful databases that quickly enable them to find businesses, vehicles, accounts, and property held in your name. If a search for your assets doesn’t reveal anything in your name, then the attorney will be less likely to sue or more likely to settle for insurance policy limits.
Therefore, a first line of asset protection is anonymity – that is, keep your assets anonymous; do not own them in your name. You can accomplish this through a combination of tools that I leverage for my clients, including business entities and trusts.
Keep it secret; keep it safe!