DEERFIELD BEACH, FL--(Marketwire - June 1, 2009) - Mary and Sam weren't rich, and they
knew they never would be.
But they are part of the American household financial landscape that holds
more than $43 trillion in assets, such as homes, cars, investments, 401K
plans and other assets. They owned their own business, paid 10 employees,
and after expenses, they took home about $50,000 a year between them.
And they almost lost it all.
As the years went by, the bad economy kicked in, and they closed up shop.
Then, they got hit with a lawsuit that would have cost them a ton to fight,
and five tons if they lost. That's when they realized they needed to
protect their assets, to prevent losing everything they owned.
"It's rarely the big corporations who wind up getting hammered by these
kinds of lawsuits," said Hillel L. Presser, Esq., co-author of "Financial
Self Defense: How to Protect Everything You Own From Everyone Everytime,"
from Garrett Press (
www.assetprotectionattorneys.com). "It's the working
people, who have labored all their lives to stock away enough to get by in
their retirement years, who are at risk."
According to Presser, you're at risk if you fall into any one of these
categories:
-- Own a house
-- Own a car, especially if it is your only transportation
-- Own any kind of 401K, stocks or bonds
-- Own your own business
-- May be heading toward the dissolution of a business partnership or a
marriage
-- In danger of bankruptcy
-- In financial trouble
-- Have mounting debt
"The fact is that most people don't realize they are at risk," Presser
said. "In a down economy, corporations and individuals both may have a
tendency to be more litigious than before, because everyone is scraping
together whatever dimes they can. For many people, their nest egg is gone,
and the only safety net they have left are their assets or their equity in
those assets. People should be aware that it doesn't take much to have
those assets taken away if the proper steps to protect them from litigation
and judgments aren't taken."
About Hillel L. Presser, Esq.
Hillel L. Presser represents individuals and businesses in connection with
the establishment of comprehensive asset protection plans that incorporate
both domestic and offshore components.
Contact Information: Contact:
Rachel Friedman
Rachel@newsandexperts.com