By Loyd Eskildson

Author Alan Northcott introduces his topic by reminding targeted readers that they've worked hard for many years and have achieved a measure of success. Making that money was difficult - now they have to create a strategy to keep it because they're on the radar with pending lawsuits (80,000+/day) from other businesses, partners, employees, government, relatives, neighbors, and other parties.
 
Asset Protection then tells readers about irrevocable living trusts, creating and maintaining LLCs, equity-stripping techniques, durable powers of attorney, estate planning, and wills. The trick, says Northcott, is to own nothing directly, but control it all legally.
 
The material is presented logically and clearly, though it often resembles a 270+ page commercial for various attorneys and others in the business of helping clients protect assets. Further, it is not a detailed 'do-it-yourself' book - if that is even possible. Nonetheless, Asset Protection (Atlantic Pub Group/ 2009) provides a good framework for those with assets needing more than basic insurance and homestead exemption protections. It is best read now, rather than later when facing imminent disaster; however, examples are provided where even last-minute assistance has been useful.

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Loyd Eskildson is a regular reviewer of Financial Books at Basil & Spice.

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