Asset Protection Planning With Credit Freezes + Real Estate & Trusts

This one free action could save you thousands in an identity theft or fraud situation - yet 90% of affluent Americans never do it. In today's world of AI-powered scams and relentless fraudsters, protecting your identity isn't just optional, it's essential. Whether you're safeguarding substantial assets, retirement funds, or helping an elderly parent navigate their financial vulnerability, the threats are real and growing. While some asset protection strategies require complex planning for those with intricate financial situations, there's one powerful tool that's available to everyone: the credit freeze. In this episode, we dive into how this simple step can become your first line of defense against identity theft and fraud. More specifically, Cameron discusses: What is a credit freeze or security freeze? Who is a credit freeze a good strategy for? How do you freeze your credit? What happens if you need to apply for a loan or new credit when you have a credit freeze in place? How do you remove or lift a credit freeze? Can you help your elderly parents freeze their credit to better prevent fraud?   LISTENER Q & A:  Question: "I am about to start the process of creating a revocable living trust for my spouse and I. We own our home, but we also own three rental properties out of state, two located in the same state and one located in another state. From what I understand so far, this trust is going to be specific to the state in which I live. What are the implications here for my home and my other properties? Any tips you can provide on what to do so I can make sure I understand the situation better when I consult the attorney?" Resources: Get Show Notes Here Retired-ish Newsletter Sign-Up See if you're a good fit for our Free Tax-Optimized Retirement Playbook™ Key moments: (03:17) Credit Freeze: How It Works (06:12) Implementing and Managing Credit Freezes (08:17) Lifting and Removing a Freeze and Other Tips (11:18) Credit Freezes for Elderly Parents (13:39) Listener Question: Funding a Revocable Living Trust with Real Estate (16:25) Multi-State Properties and Insurance When Dealing with Trusts (18:47) Estate Planning Guidance & Additional Resources