Ultimate Asset Protection

He shares more about the importance of privacy and the types of threats that people with large net worths or businesses are likely to face. As a result of seeing how vulnerable many of his clients were, David created the FlexTrust LLC concept, which he sheds more light on. We learn how it’s similar to a living trust in terms of probate protection as well as how it can be used in conjunction with other asset protection mechanisms and strategies. Importantly, all of the forms of asset protection that David presents are all tax-neutral! While none of these approaches are catch-all solutions, they are great deterrents against any potential harm. To hear more about important tools to add your wealth-building toolkit, be sure to tune in today!Key Points From This Episode:David’s background and how his business experience taught him about exposure and risk.The FlexTrust LLC David created and the two concepts that it merges.Why it’s important to be able to form an LLC and protect your identity from people.If an LLC is structured correctly, it offers automatic asset protection.Two approaches operators can take to structure an LLC for optimal privacy.How a FlexTrust offers help for avoiding probate issues.Hear how a living trust, which is revocable, offers maximum privacy.Living and FlexTrusts do not mean that it’s impossible to find you, but they do create considerable barriers.The tax neutrality of all of the different LLC structures presented by David.A recent business improvement, the biggest contributor to David’s success, and giving back.Support the show