Asset Protection : Concepts and Strategies for Protecting Your Wealth

  Author:    Jay Adkisson, Chris Riser, Jay Adkisson, Chris Riser, Jay D. Adkisson, Christopher M. Riser
  ISBN:    0071432167
  Sales Rank:    12307
  Published:    2004-06-01
  Publisher:    McGraw-Hill Companies
  # Pages:    304
  Binding:    Hardcover
  Avg. Rating:    5.0 based on 21 reviews
  Used Offers:    10 from $32.20
  Amazon Price:    $34.65
  (Data above last updated:  2008-07-08 06:22:20 EST)
  
  
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Asset Protection : Concepts and Strategies for Protecting Your Wealth
  

Strategies that are effective and legal for putting one’s assets safely out of reach

In today’s increasingly litigious world, the shielding of assets has become a prominent issue for financial planners, business owners, and high-net-worth individuals. Asset Protection details methods that are both legally and morally legitimate for protecting one’s assets from creditors, lawsuits, and scams.

Bringing economic common sense and legitimacy to an area that is drowning in gimmickry, two of today’s top lawyers examine the fundamental issues in this growing area, avoiding dense legalese to make the book accessible to anyone. Asset Protection covers everything readers want to know about:

  • Establishing an effective asset protection program
  • Today’s most popular, established strategies
  • Newer strategies that are still being resolved by the courts
                  Reader Reviews 1 - 23 of 23                 
  
  
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05-18-08 5 1\1
(Hide Review...)  Learning how to protect assets
Reviewer Permalink
This book does an excellent job of introducing the concept of asset protection and includes strategies to protect assets. A number of protection strategies are analyzed to show the pros and cons of each strategy. Examples and diagrams are shown to help communicate protection concepts. Past court cases for some of the protection asset strategies are discussed to show the pros and cons of the particular strategy. I would highly recommend this book to learn about how trusts, corporate entities, and other strategies can work to help the reader make a decision to protect their assets.
(Review Data Last Updated: 2008-07-05 02:29:04 EST)
04-04-08 3 2\2
(Hide Review...)  It was OK...
Reviewer Permalink
Being in the financial services I am always looking for new and exciting books in my field...sadly, this is not one of them. The book was dry and made for a long read.

The upside is that the authors seem to know what they are talking about and are able to explain the ideas behind a variety of different asset protection strategies.

The authors also explain the benefits and drawbacks of each asset protection strategy, though they do not go into very much detail on some of their ideas.

One of the reasons is probably because at the end of the book, they provide their website as a reference. I don't have a problem with that, but it would have been nice if they had been able to make the information more interesting so that you didn't feel like you had to go to their website to "get the good stuff".
(Review Data Last Updated: 2008-05-19 06:12:40 EST)
01-24-08 4 (NA)
(Hide Review...)  repetitive at times but overall quite informative
Reviewer Permalink
covers quite a bit of ground. some of it over and over again.

but it is a good starting point for almost all possibilities, good and bad for those looking for money management.



(Review Data Last Updated: 2008-04-04 06:13:27 EST)
10-13-07 5 (NA)
(Hide Review...)  Best Book on the Subject
Reviewer Permalink
I've read several books on this subject and this one was by far the best. Many of the other books in the field have some rather dubious tactics listed, but this book focuses on reasonable steps people can take to protect their asstes that are legal and likely to stand up in court. I found this book to be a well organized, well written professional text in a field filled with a lot of books hawking expensive and legally questionable scams and schemes.
(Review Data Last Updated: 2008-01-25 02:45:28 EST)
09-11-07 5 1\1
(Hide Review...)  OUTSTANDING TREATISE!!!!
Reviewer Permalink
BUY IT. READ IT. THEN READ IT AGAIN. AND AGAIN. EACH TIME YOU READ IT YOU WILL PICK UP YET ANOTHER USEFUL NUGGET OF INFORMATION. THE UNIQUE THING ABOUT THIS 'BIBLE' IS THAT IT IS USEFUL FOR THOSE WISHING TO PROTECT ASSETS FROM FUTURE CREDITORS, AND JUST AS USEFUL FOR THOSE ON THE OTHER SIDE OF THE FENCE, TRYING TO SEIZE ASSETS AS WELL. A VERY POWERFUL, DETAILED AND GENEROUS BOOK. NOT YOUR TYPICAL A/P BOOK. THE 'RIGHT' WAY TO SAFELY PROTECT YOUR ASSETS.
(Review Data Last Updated: 2007-10-14 02:31:15 EST)
05-12-07 5 0\1
(Hide Review...)  Asset protection
Reviewer Permalink
This well-written book does a great job of dispelling a lot of the mis-information that currently abounds in the market place.
(Review Data Last Updated: 2007-09-14 23:40:24 EST)
03-01-07 4 0\1
(Hide Review...)  Well researched
Reviewer Permalink
Jay Adkisson is my voice of reason in the field. This is heavily researched brain food for asset protection. The rule of law is constantly massaged and altered as the courts challenge provisions, and I always feel safest turning to Jay for his interpretation. In particular the Albright 291 Rptr. 538 ruling in Colorado has alot of LLC attorneys spooked. I'm sure we'll be hearing from Jay soon on this one.
(Review Data Last Updated: 2007-07-09 16:57:45 EST)
01-17-07 5 2\2
(Hide Review...)  Above the Norm
Reviewer Permalink
Asset protection is a good practical sense guide on the areas of trust, business entities and a dose of reality. If your at a point where the accumulated assets is worth protecting for yourself, spouse, kids and family then this is the book to read. Its not too technical but down to earth business sense. I find this book is geared to people that have some familarity with the business environment. If you know why you want to protect your assets then this book is the next step.
(Review Data Last Updated: 2007-07-09 16:57:45 EST)
01-13-07 4 1\1
(Hide Review...)  Well researched
Reviewer Permalink
Jay Adkisson is my voice of reason in the field. This is heavily researched brain food for asset protection. The rule of law is constantly massaged and altered as the courts challenge provisions, and I always feel safest turning to Jay for his interpretation. In particular the Albright 291 Rptr. 538 ruling in Colorado has alot of LLC attorneys spooked. I'm sure we'll be hearing from Jay soon on this one.
(Review Data Last Updated: 2007-01-30 03:39:25 EST)
05-30-06 5 8\9
(Hide Review...)  No Surprises Here
Reviewer Permalink
Adkisson and Riser are beacons in the darkness that is labeled asset protection. This book, and the attitudes it sets forth towards asset protection (when that term may be discretely used) are the de facto standard of care and woe be to the professional who believes otherwise. I say there are no surprises because the book is the embodiment of the professional, real life anti-scam viewpoint in this area Jay Adkisson has come to represent. Do not ignore the fact most of these five star reviews are by attorneys like myself who see the aftermath of so-called asset protection, off-shore entities and third world trusts. Don't miss it.
(Review Data Last Updated: 2007-07-09 16:57:45 EST)
05-29-06 5 6\7
(Hide Review...)  No Surprises Here
Reviewer Permalink
Adkisson and Riser are beacons in the darkness that is labeled asset protection. This book, and the attitudes it sets forth towards asset protection (when that term may be discretely used) are the de facto standard of care and woe be to the professional who believes otherwise. I say there are no surprises because the book is the embodiment of the professional, real life anti-scam viewpoint in this area Jay Adkisson has come to represent. Do not ignore the fact most of these five star reviews are by attorneys like myself who see the aftermath of so-called asset protection, off-shore entities and third world trusts. Don't miss it.
(Review Data Last Updated: 2007-01-30 03:39:25 EST)
06-06-05 5 19\21
(Hide Review...)  A "must read"!!
Reviewer Permalink
I have practiced estate planning, with an emphasis on asset protection planning, for many years. This book's explanation of various asset protection techniques, many of which I have used in my own practice, is both lucid and thorough. Not only will experienced practitioners find the book to be an invaluable source, but beginners too will discover a text that is highly readable and easy to understand. I am confident saying that Asset Protection spans "the universe" of such techniques, with both analysis of the fundamental "building blocks" of the area and coverage of more advanced methodologies. Apart from its useful content, I also found the format of Asset Protection to be particularly straightforward, starting with its discussion of the basic concepts of asset protection and its goals, as well as ethical considerations, proceeding to cover many trusts currently being employed in sophisticated estate planning, and ending with a thorough discussion of entities that should play a part in many sophisticated estate plans. In sum, for beginner and practitioner alike, this book is a "must read"!!
(Review Data Last Updated: 2007-07-09 16:57:45 EST)
06-05-05 5 11\11
(Hide Review...)  A "must read"!!
Reviewer Permalink
I have practiced estate planning, with an emphasis on asset protection planning, for many years. This book's explanation of various asset protection techniques, many of which I have used in my own practice, is both lucid and thorough. Not only will experienced practitioners find the book to be an invaluable source, but beginners too will discover a text that is highly readable and easy to understand. I am confident saying that Asset Protection spans "the universe" of such techniques, with both analysis of the fundamental "building blocks" of the area and coverage of more advanced methodologies. Apart from its useful content, I also found the format of Asset Protection to be particularly straightforward, starting with its discussion of the basic concepts of asset protection and its goals, as well as ethical considerations, proceeding to cover many trusts currently being employed in sophisticated estate planning, and ending with a thorough discussion of entities that should play a part in many sophisticated estate plans. In sum, for beginner and practitioner alike, this book is a "must read"!!
(Review Data Last Updated: 2006-07-05 03:44:55 EST)
02-04-05 5 31\35
(Hide Review...)  The Bible for "Legitimate" Asset Protection Techniques
Reviewer Permalink
As a business lawyer, I regularly review asset protection resources so I can better represent my clients - many of whom develop high net-worths through high risk activities (e.g., physicians, "aggressive" entrepreneurs). Until reading this particular book, all of the resources have typically fallen into one of two categories: (1) materials proposing techniques that sound too good to be true and, based on recent legal decisions, have been proven to be too good to be true, and (2) materials that simply discuss the absolute basics of asset protection planning.

This book is different and, given the excellent national reputation the two authors enjoy in the asset protection community, I expected it to be different. It provides you with numerous LEGITIMATE asset protection techniques that have been proven to work - or at least give you a real shot of having them work without the risk of putting you in jail if they don't. Many of these techniques are quite sophisticated and you will not learn about them in most other resources. The book also helps explain what you should and should NOT expect to achieve with asset protection planning, by, in part, discrediting the techniques being promoted by those less educated and/or less reputable than the authors.

This book is not a How-To book that will provide a step-by-step, do-it-yourself plan on establishing an asset protection plan. However, this area of the law is particularly difficult and fraught with serious traps for the unwary, so it is not appropriate for a non-lawyer or lawyer inexperienced in this area to do on their own anyway. It is, however, valuable in letting you know what numerous legitimate techniques are available (and what techniques are NOT legitimate), so you can successfully pursue their implementation with your experienced lawyer. I, for one, have learned a great deal from this book that will benefit my clients, and sincerely trust the legitimacy of the information I gained.
(Review Data Last Updated: 2007-07-09 16:57:45 EST)
02-03-05 5 22\24
(Hide Review...)  The Bible for "Legitimate" Asset Protection Techniques
Reviewer Permalink
As a business lawyer, I regularly review asset protection resources so I can better represent my clients - many of whom develop high net-worths through high risk activities (e.g., physicians, "aggressive" entrepreneurs). Until reading this particular book, all of the resources have typically fallen into one of two categories: (1) materials proposing techniques that sound too good to be true and, based on recent legal decisions, have been proven to be too good to be true, and (2) materials that simply discuss the absolute basics of asset protection planning.

This book is different and, given the excellent national reputation the two authors enjoy in the asset protection community, I expected it to be different. It provides you with numerous LEGITIMATE asset protection techniques that have been proven to work - or at least give you a real shot of having them work without the risk of putting you in jail if they don't. Many of these techniques are quite sophisticated and you will not learn about them in most other resources. The book also helps explain what you should and should NOT expect to achieve with asset protection planning, by, in part, discrediting the techniques being promoted by those less educated and/or less reputable than the authors.

This book is not a How-To book that will provide a step-by-step, do-it-yourself plan on establishing an asset protection plan. However, this area of the law is particularly difficult and fraught with serious traps for the unwary, so it is not appropriate for a non-lawyer or lawyer inexperienced in this area to do on their own anyway. It is, however, valuable in letting you know what numerous legitimate techniques are available (and what techniques are NOT legitimate), so you can successfully pursue their implementation with your experienced lawyer. I, for one, have learned a great deal from this book that will benefit my clients, and sincerely trust the legitimacy of the information I gained.
(Review Data Last Updated: 2006-07-05 03:44:55 EST)
09-17-04 5 16\17
(Hide Review...)  the finest work of its kind....
Reviewer Permalink
This text provides an excellent introduction to and discussion of the many facets that come under the heading of "asset protection." No individual technique is bulletproof, despite all the hype that's out there; the authors have carefully analyzed what works in the real world, referring often to legal case history which is only real arbiter of effectiveness. It is refreshingly clear of jargon, and is highly recommended to everyone, especially professionals.
(Review Data Last Updated: 2006-07-05 03:44:55 EST)
09-07-04 5 13\18
(Hide Review...)  For those of us who live in the Real World..
Reviewer Permalink
Jay Adkisson and Chris Riser have, in writing "Asset Protection: Concepts and Strategies For Protecting Your Wealth", done an inestimable service for those of us who practice in the financial and estate planning field and who also live in the Real World.

Authoritative, relevant, wholly practical, and very clearly written, this book belongs in your library - and its contents in your head - if (a) you work in the AP field and (b) you don't want your client's name to be forever connected with "v. Commissioner".

John L. Olsen, CLU, ChFC, AEP
Principal: Olsen Financial Group
Kirkwood, MO
(Review Data Last Updated: 2006-07-05 03:44:55 EST)
08-17-04 5 16\20
(Hide Review...)  Excellent Excellent
Reviewer Permalink
This is by far one of the best books written, on the dense topic of asset protection planning. The authors lay out the facts with precision and clarity. This isn't an in-your-face attempt to promote any particular strategy.

This is definitely a must-read for anyone interested in asset protection!!
(Review Data Last Updated: 2006-07-05 03:44:55 EST)
08-16-04 1 4\52
(Hide Review...)  Plodding
Reviewer Permalink
A dull tome, uninteresting and overpriced. Might make a good doorstop perhaps, or be excellent for starting fires, but I wouldn't suggest the book to anyone I might run into again.

The author seems to have only a slight grasp of the subject. Important concepts are overlooked, and it seems to have been written for ego gratification or to drum up business, rather than to explain the concepts of asset protection.

Take a pass on this one.


(Review Data Last Updated: 2006-07-05 03:44:55 EST)
07-29-04 5 27\27
(Hide Review...)  Excellent Practitioner's Guide
Reviewer Permalink
I ordered this book several months prior to release knowing its authors are highly respected in the field. The book is excellent. As the book says on the back cover, it is a practitioner's guide. I am an attorney with 4 years experience helping clients in this area. This book seemed especially suited to me; i.e. a practitioner with a good base knowledge in the area. Business owners and professionals concerned with legally protecting their assets might also benefit greatly by reading this book prior to retaining an attorney.
(Review Data Last Updated: 2006-07-05 03:44:55 EST)
07-19-04 5 18\18
(Hide Review...)  Like a good bottle of wine
Reviewer Permalink
Reading this book is like finally getting a good bottle of aged wine after drinking years of fruit punch. From the descriptions of the seedy offshore planners who sell Cook Islands trusts to people whether they need it or not, to the domestic seminar promoters who line up shills to encourage attendees to buy cheapie family limited partnership kits, this book gives a candid look into how asset protection is sometimes shamelessly promoted. Having revealed the dirt under the rug, the book then goes on to address asset protection as a field of risk management and gives the best treatment of fraudulent transfer and bankruptcy preference rules that I have ever read. Just about all the popular asset protection strategies are reviewed, from Nevada bearer share entities to complex litigation expense policies, with the major strengths and weaknesses of each pointed out. The book spends quite a bit of time discussing both foreign and domestic asset protection trusts and their potential flaws (if I were a creditor attempting to penetrate such a structure, this would be the first resource that I would turn to), such that it is a wonderment that those structures are even used at all. Overall, the writing style is good, with just enough technical background on key points to let serious researchers know where to start, without it being overwhelming for the average business reader. Kudos to Jay and Chris. This book is well-researched and provides a level of thoughtfulness and depth of content that has been sadly absent from all the other books considering the topic of asset protection. Big thumbs up!
(Review Data Last Updated: 2006-07-05 03:44:55 EST)
07-15-04 4 14\14
(Hide Review...)  Layperson Perspective
Reviewer Permalink
Pretty good book. The book counters a lot of hype by promoters of "bulletproof" asset protection plans, which do not exist apparently. All plans can fail no matter how elegant.
Moderately complex for a layman to read. Some material over the head of most laypersons. Most material practical. Some abstract theory of not much interest to clients.
(Review Data Last Updated: 2006-07-05 03:44:55 EST)
07-08-04 5 20\20
(Hide Review...)  The only asset protection book you need
Reviewer Permalink
I am an attorney and real estate investor and am concerned about asset protection issues. This is the only book I've read that discusses both the plusses and minuses of various known techniques and also gives excellent big picture advice. Every other book has advocated specific cookie cutter techniques and left me wondering "would this really work if...?" This book tells you why those techniques do not work. Forget about that trust in the Cook Islands, by the way, unless you are willing to flee the country.
(Review Data Last Updated: 2006-05-29 03:22:21 EST)
  
                  Reader Reviews 1 - 23 of 23                 
  
  
  
  
  
  

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