Most of us go about our daily lives without worrying about any sort of legal action taken against us. You may think you’ll never be sued, but how can you be truly certain?
“Great Aunt Ellen” thought it would never happen to her, according to an example from the book, Asset Protection by Robert Mintz, Esq.
Great Aunt Ellen made it 92 years without being sued. No one ever told her she might consider protecting herself, and she thought everyday people like her don’t get sued out of the blue. In this story, her nephew needed to purchase a car and Great Aunt Ellen was happy to help by lending him money for it.
Shortly after buying the car, he drove through a stop sign; hit another car, and the other driver landed in the hospital.
While lying in pain in the hospital bed, the injured victim of this crash Googled “attorney” and quickly hired a local legal counsel. The attorney did a little digging, only to find that the nephew had no money or assets. But the attorney didn’t stop there, finding that Great Aunt Ellen was related to this nephew.
Long story short, the injured driver sued her, and the court ruled that she should have known her nephew was a bad driver. Great Aunt Ellen lost her home and her ENTIRE life’s savings.
Now, this example is extreme, but provides a valuable lesson. On the average, there are about 57,000 civil suits filed every single business day by lawyers out trolling for what is known as “deep pockets.” People with a fair bit of hard-earned money. People like you and like me.
The good news is that you can protect yourself, to be sure your wealth is protected against lawsuits.
Please check out our free report to learn how you can fully protect yourself and your money. We’ll send it to you for free!
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