Everyone in this world is worried about his or her assets. Are they safe? Are they secure? Have you done everything in your power to ensure that no one could ever rob you of the life you have worked so hard for? Not everyone thinks about asset protection. This is the ability to protect yourself against the frivolous, money-hungry marauders, con artists, lawyers and the common thieves whose only goals are to take everything they possibly can from you with no regard for how much damage they cause or the consequences the victims might suffer as a result of their actions.
Having asset protection can be extremely beneficial to anyone. The largest type of asset protection need is something everyone has heard of – loss of privacy – also known as Identity Theft. This is the fastest growing crime in America. People are losing literally thousands of dollars every day due to this inflating crime. Families are being forced out of their homes because savings have been depleted and not refunded due to lack of protection or proof.
Luckily there are ways you can protect yourself against this type of tragedy happening to you with some simple common sense tactics. Never show any amount of money that you may have on you. In other words, don’t flash it around for all to see. If you fold your money, make sure the smaller bills are on the outside making the pile seem smaller than it is. Always keep it in a secure area. Ladies, never lay your purse down unattended. It is recommended having a fire proof safe hidden within your own home in case of robbery. These and thousands of other tips can help save you from this devastating tragedy.
The internet, as wonderful and helpful it may be in our everyday lives, can also be your biggest, most aggressive predator of all. The internet has a plethora of spyware just waiting for unsuspecting individuals to put in any kind of personal information that hackers could use by collecting information such as family names, birthdates, financial information, places of employment, and so on. Information that you may think is harmless gives these money-hungry scoundrels the opportunity snatch your life’s security right out from under you. With this in mind, always make sure your computer has spyware protection on it.
In cases where larger amounts of money are involved your asset protection planning may need to include trusts and possible off-shore accounts to hold your assets, along with FDIC insured institutions. When a predator realizes how difficult it will be to access the assets, they may simply settle for a lesser target instead of chasing the larger goal which would take more of their time and open them up to a greater possibility of exposure. For these reasons alone, it is highly suggested that legal advice by an attorney who specializes in this field is recommended. Stay smart and be protected. Everyone should have some form of asset protection. It is much better being safe than to be sorry.