America's foremost expert on financial protection tells how to protect yourself from ruinous lawsuits. "Jay Mitton's financial protection plan is a must for anyone who wants to keep [his wealth]."--Robert Allen, author of Creating Wealth.
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The authors, an attorney and a CPA, believe that through simple mistakes, commonplace activities, and acts of goodwill, nearly all of us are at risk of being sued. They tick off a number of situations that might create liability?joint ownership, volunteering, acts of children, giving advice, serving as an officer of a company, and being an employer, to name a few. In each case they document the risks with illustrative examples from court cases or client files. They also discuss legal principles and strategies for protecting assets. Each section provides an "action checklist" of things to do to avoid liability. There is particularly detailed coverage of the risks involved in business ownership and good explanations of the advantages of incorporating and forming limited partnerships. The critical but sometimes limited role that insurance plays in shielding assets is discussed. End notes providing citations to court cases interpreting the law are a worthwhile addition. This is a good place to start for readers concerned about potential liability. Recommended where there is an interest.?Joan Pedzich, Harris, Beach & Wilcox, Rochester, N.Y.
Copyright 1995 Reed Business Information, Inc.
Copyright 1995 Reed Business Information, Inc.
From the Inside Flap
America's foremost expert on financial protection tells how to protect yourself from ruinous lawsuits. "Jay Mitton's financial protection plan is a must for anyone who wants to keep [his wealth]."--Robert Allen, author of Creating Wealth.
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Most Helpful Customer Reviews
35 of 46 people found the following review helpful:
1.0 out of 5 stars
Pass,
By The Cool Cat "The Cool Cat" (SE USA) - See all my reviews
This review is from: Cover Your Assets: Lawsuit Protection: How to Safeguard Yourself, Your Family, and Your Business in the Litigation Jungle (Paperback)
Among his estate planning peers, Jay Mitton is one of the least liked and most notorious attorneys because of his heavy marketing of arguably worthless pre-made kits for family limited partnerships. The low quality of these kits, combined with Mitton's less-than-truthful marketing, has generated some scathing comments on the American Bar Association's estate planning bulletin board. The Supreme Court of Florida in fact entered an order prohibiting him from marketing in that state. The guy is a great marketer, to be sure, but his products can be charitably described as substandard and if you buy his book you need to also buy a ton of salt to go with it.
4 of 4 people found the following review helpful:
1.0 out of 5 stars
What a flop,
By Happy MD (Los Angeles, CA) - See all my reviews
This review is from: Cover Your Assets: Lawsuit Protection: How to Safeguard Yourself, Your Family, and Your Business in the Litigation Jungle (Paperback)
This guy appears to be pushing some fairly common stuff like family limited partnerships. I wasted my money buying his book. Nothing earthshattering or creative about his structures. They put "JD" after his name and not "Esq" does that mean he never passed the Bar exam? I found that by simply searching for asset protection on Google you can find a lot of law firm and other websites where you can learn about all these strategies for free.
4 of 5 people found the following review helpful:
4.0 out of 5 stars
QUESTION COOL CAT'S CRITICISM, NO REFERENCE,
This review is from: Cover Your Assets: Lawsuit Protection: How to Safeguard Yourself, Your Family, and Your Business in the Litigation Jungle (Paperback)
Cover Your Assets: Lawsuit Protection: How to Safeguard Yourself, Your Family, and Your Business in the Litigation Jungle"The Cool Cat" does NOT identify the resources\links proving that the [1] Florida Supreme Court prohibited Jay Mitton marketing his book in Florida and [2] the American Bar Association's Estate Planning Bulletin Board's "scathing comments" about the book. Reputable organizations but what, if anything, did they say ? "Where's the beef ?" Cool Cat ? ? ?
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Inside This Book
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First Sentence:
Lawsuits can come out of the blue. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
lawsuits involving employees, less vulnerable spouse, will protect your assets, possibly dangerous answers, lawsuit protection, charging order, multiple corporations, family limited partnership, negligent advice, asset protection, spendthrift trust, indemnification agreement, wrongful termination suits, prenuptial contract, irrevocable trust, living trust, corporate formalities, operating corporation, judgment creditor, lumber store Key Phrases - Capitalized Phrases (CAPs): (learn more)
Action Checklist, New York, Internal Revenue Service, Favorable Answers, Take Title, Establish Superior Business Lawsuit Protection, Possibly Dangerous Answer, Case Study, Selling Property Without Being Sued, Surviving Bankruptcy, The Dangers of Guaranteeing Obligations, The Dangers of Volunteer Work, United States, Fraudulent Conveyances Act, Sell Your Business Without Future Liability New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | First Pages | Index | Back Cover | Surprise Me!
Lawsuits can come out of the blue. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
lawsuits involving employees, less vulnerable spouse, will protect your assets, possibly dangerous answers, lawsuit protection, charging order, multiple corporations, family limited partnership, negligent advice, asset protection, spendthrift trust, indemnification agreement, wrongful termination suits, prenuptial contract, irrevocable trust, living trust, corporate formalities, operating corporation, judgment creditor, lumber store Key Phrases - Capitalized Phrases (CAPs): (learn more)
Action Checklist, New York, Internal Revenue Service, Favorable Answers, Take Title, Establish Superior Business Lawsuit Protection, Possibly Dangerous Answer, Case Study, Selling Property Without Being Sued, Surviving Bankruptcy, The Dangers of Guaranteeing Obligations, The Dangers of Volunteer Work, United States, Fraudulent Conveyances Act, Sell Your Business Without Future Liability New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 1
book:
- The Way to Save: A 10-step Blueprint for Lifetime Security by Ginita Wall C.P.A. C.F.P. in Back Cover
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