Every 30 seconds a new lawsuit is filed in the United States, and 100 million currently pending lawsuits.
When trying to understand lawsuit protection, the very first thing we like to go over is the Family Limited Partnership. This type of legal structure has been around since the year 1916 and is designed to protect both your personal as well as professional assets. When lawyers see an FLP, this can make any potential future case unattractive to a plaintiffs lawyer to the extent that they may choose to not pursue a lawsuit against you. There is close to 90 years of case law regarding FLP’s, which is why it has become such a powerful asset protection tool. The peace of mind is tremendous that comes from have properly structured your assets to protect you from lawsuits and protect what you have spent a lifetime building.
To learn more about Family Limited Partnerships you can read more from out main website here: FLP Asset Protection