Asset Protection Secrets [Paperback]

Arnold S. Goldstein (Author)

Book Description

Publication Date: October 1997

This all new 2nd edition reveals the little known secrets and strategies guaranteed to protect personal and business assets from any financial disaster. This "bible" of asset protection is packed with hundreds of legal tips on keeping your assets safe from creditors, ex-spouses, bankruptcy and even the IRS. This encyclopedia of techniques and tactics will safeguard your assets under all circumstances.

Editorial Reviews

Review

A must for every lawyer and financial advisor who wants to shield their clients' or their own wealth." --Chris Jarvis, CFP, Texas

As a practicing physician, I worry about malpractice lawsuits. So do my colleagues. This book explains in a simple, straight-shooting style, how to protect ourselves from the lawsuit epidemic affecting every doctor." --C. Johnson, M.D., Pennsylvania

As a practicing physician, I worry about malpractice lawsuits. So do my colleagues. This book explains in a simple, straight-shooting style, how to protect ourselves from the lawsuit epidemic affecting every doctor." --C. Johnson, M.D., Pennsylvania --This text refers to an alternate Paperback edition.

About the Author

Dr. Arnold Goldstein is a nationally known tax and asset protection specialist. As an attorney, professor and author of over 100 books on finance and law, his tax resolution strategies have helped thousands of individuals and businesses solve their tax problems. --This text refers to an out of print or unavailable edition of this title.

Product Details

• Paperback: 232 pages
• Publisher: Garrett Publishing; 2 edition (October 1997)
• Language: English
• ISBN-10: 1880539446
• ISBN-13: 978-1880539446
• Product Dimensions: 10.7 x 8.4 x 0.5 inches
• Shipping Weight: 1.1 pounds
• Average Customer Review: 4.0 out of 5 stars  See all reviews (6 customer reviews)
• Amazon Best Sellers Rank: #1,771,726 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

44 of 46 people found the following review helpful:

1.0 out of 5 stars Outdated, July 7, 2004

By 

Shark Diver "K" (Cayman Islands) - See all my reviews

This review is from: Asset Protection Secrets (Paperback)

While this book might have represented the cutting-edge in 1997, it is seriously outdated today. For instance, the book talks about offshore trusts as the penultimate asset protection tool, which was of course disproved in the Anderson case in 1999 and the Lawrence case in 2000, where in both cases those who set up offshore trusts went to jail. This book is good for the archives, and not much else.

14 of 16 people found the following review helpful:

4.0 out of 5 stars What is the right answer?, October 20, 2002

By 

Michael K. (San Diego, CA United States) - See all my reviews

Amazon Verified Purchase

This review is from: Asset Protection Secrets (Paperback)

I have read several books on this topic; none of them provided me with the "right set of answers" to my questions. Everyone of these book authors recommends their "favorite" legal structures for asset protection, and all of these protection schemes have "holes". Furthermore some of these schemes come at a steep price: on the one hand you may give up considerable amount of control over your investments, and on the other hand it (most likely) will cost you lots of time and money to set these structures up. What I like about this book is, that Mr. Goldstein presents this difficult topic from a neutral point of view - not recommending one legal structure over the other one. His discussions of the various asset protection vehicles are "to the point" - yet complete. What I miss is a more thorough discussion of the risk management side of asset protection. If you are in the middle class and you are on a limited budget, risk management is they key to (reasonable) asset protection. Let's face it, myself and probably most of us are better served with high liability insurance than with legal structures of the "rich and famous". Nevertheless, if you want to learn about the world of asset protection, Mr. Goldstein's book is a great reference! It will provide you with all the basic knowledge to discuss your case with an experienced asset protection lawyer.

11 of 15 people found the following review helpful:

5.0 out of 5 stars Excellent Book On Asset Protection, June 29, 2003

By A Customer

This review is from: Asset Protection Secrets (Paperback)

Arnold Goldstein's classic book Asset Protection Secrets is probably one of the few asset protection books you will find that actually gives you your money's worth.

Goldstein's advice is aimed at those who are not only fighting off creditors, but those who want to legally and legitimately shield their assets from lawsuits, greedy ex-spouses, and other nosey people who should not have the right to go poking into your financial affairs in the first place.

His advice is applicable to individuals, businesses, professionals, and those who just want more financial privacy. Probably the best lesson you will learn from this book is that an ounce of prevention is worth a pound of cure. Even if you are happily married, if your business is in great financial shape and you have no legal problems of any type, NOW is the best time to take action. Waiting until trouble comes looking for you is much more expensive in the long run than simply preparing for the worst. If nothing else, following his advice will probably save you a ton on taxes, even if you never have to defend yourself against the courts or creditors.

This book is simple to both read and comprehend. Anyone should be able to follow the advice therein. However, keep in mind, most of the techniques in this book should only be used with the assistance of a skilled attorney. Trying to implement most of these suggestions on your own could land you in more trouble than you had in the first place. It will give you a lot of good ideas to discuss with your attorney though.

Overall, this is a great book for those looking to find basic info on asset protection and how to deal with creditors and debt.