View Transcript
Episode Description
There are over 100 million lawsuits filed every single year in the United States and you are seven times more likely to face a lawsuit than to get into a car accident. In this episode of The M.O.R.E. Show, Justin Colby sits down with Hillel Presser, asset protection attorney, six-time author, and advisor who has protected over $11 billion in assets for celebrities, athletes, and business owners across the country. Hillel breaks down the single most powerful wealth protection principle the ultra-wealthy use, own nothing and control everything and exactly how to set up LLCs, trusts, and protective entities so that one lawsuit never takes everything you have spent your life building.
KEY TOPICS COVERED:
- Why you are seven times more likely to face a lawsuit than get in a car accident and what to do about it
- Own nothing control everything the asset protection strategy the ultra-wealthy use.
- LLCs, limited partnerships, and trusts explained which one is right for your situation.
- How to title your assets into protective entities without losing access or control.
- What to do if you are starting a new business today to protect it from day one.
- Why your accountant and your tax strategist are not the same thing and why that gap is costing you
️ Key Moments
00:00 — 100 million lawsuits a year, the stat that should scare every business owner
00:35 — Introduction: Hillel Presser and $11 billion in assets protected
01:17 — It's not what you make it's what you keep
02:00 — What the ultra wealthy do to become uncollectable and judgment proof
03:20 — Own nothing control everything explained
04:10 — LLCs, limited partnerships, and trusts — how protective entities work
10:00 — How to pull a HELOC when your home is inside a trust
15:00 — Offshore strategies and advanced asset protection
25:00 — Protecting assets from divorce — 50% chance you need this
35:00 — What happens when a lawsuit hits and you are not protected
40:00 — How celebrities and athletes set up from the beginning
45:00 — The one thing Hillel would tell young people starting out today
48:44 — Start early — why waiting costs you more than you think
50:17 — How to contact Hillel Presser and get complimentary books
Connect with Hillel Presser:
Website: assetprotectionattorneys.com
(Mention The M.O.R.E. Show for complimentary copies of Hillel's latest books)
About The M.O.R.E. Show:
The M.O.R.E. Show is hosted by Justin Colby and is dedicated to helping real estate professionals, investors, and entrepreneurs maximize opportunity in any market. New episodes every week.
Learn more: www.timeformore.com
Invest with Elevest Capital: www.elevestcapital.com
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.