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Wealthy Americans Turn To Trusts To Shield Assets

Friday, May 25, 2012 - 6:53 AM
From Bloomberg
Executive-liability insurance is often the first line of financial defense for executives and directors caught up in litigation such as investor lawsuits. For others without such coverage, asset-protection trusts are the way many insulate their wealth from claims.

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3
Ken TuminKen Tumin5,442 posts since
Nov 29, 2009
Rep Points: 123,688
1. Friday, May 25, 2012 - 9:55 AM
For those other than the wealthy executives and directors an unbrella insurance policy is the way to go to protect one's assets from excessive litigation claims regarding your property or automobile. A $2 million liabilty policy can be had for an annual premium of less than $200.
2
ShorebreakShorebreak2,368 posts since
Apr 6, 2010
Rep Points: 12,624
2. Friday, May 25, 2012 - 11:50 AM
An umbrella policy is inexpensive peace of mind, especially when you have what could be considered an attractive nuisance  on your property, such as a trampoline, swimming pool, etc.  

 
2
pearlbrownpearlbrown1,356 posts since
Nov 2, 2010
Rep Points: 5,955
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