Customer Reviews

Asset Protection for Physicians and High-Risk Business Owners

5 star:		(6)
4 star:		(1)
3 star:		(0)
2 star:		(1)
1 star:		(3)

 

 

I was disappointed that this book did not include any do-it-yourself forms or worksheets. Although it included extensive discussions on the background of asset protection law and the strategies used by the author, I felt that appropriate forms to accomplish this planning should have been included in the book. The information in the book may be valuable to those who can pay an attorney to set up a plan, but those of us who cannot afford those fees would have benefited greatly if the forms had been included. mlh

I've read the 2011 version very carefully and appreciate that it's the only book that brings asset protection law fully up to date, to the current year. As Mr. Mintz points out, several states, by legislation or case law, have eliminated traditional charging order protection for Family Limited Partnerships and LLC's and the new model of asset protection generally relies on strategies such as a Family Savings Trust as a centerpiece of the planning. Also, there have been many changes in the offshore world over the past few years and the book does a good job of describing current issues with offshore banking and other vehicles. When the book is used in conjunction with the author's website [...], the reader will have a very thorough and continually up to date picture of the latest developments in the field.

Mr. Mintz's new book gives the reader an in depth look at the reality of our legal system which targets many blameless defendants simply because they are "deep pockets" with the ability to pay a claim. The chapter on " What Happens in a Lawsuit" is deadly accurate and anyone involved in litigation or even thinking about a lawsuit should definitely read this first. My thanks to the author for this very insightful and valuable book. I will certainly recommended it to many of my friends.

As a fellow legal professional, I can say that Mr. Mintz accurately portrays the thinking and strategy of litigation attorneys who attempt to use the system for their own advantage-often at the expense of their clients and certainly at great cost to the defendant in the case. This is a great book for providing the inside story of the lawsuit business and the legal strategies which can be used to protect oneself. It's very comprehensive and understandable for those with or without a legal background.

This book is an in depth guide to a wide variety of asset protection strategies. The case studies and illustrations cover topics which are important to business owners and real estate investors as well as physicians and other professionals. The revised edition for 2011 includes updated case law as well as a number of articles on specific issues such as personal loan guarantees, valuing a business in a divorce, protecting corporate assets and sheltering assets in private retirement plans. If you're involved in any type of business activity this book will be extremely helpful to you in your planning.

The 2011 edition of the book is an exceptionally valuable resource in the field of asset protection. The need for protecting assets from business risks and lawsuits should be apparent to anyone who has witnessed the economic upheaval of the past few years. Mr. Mintz's book provides an in depth review, chapter by chapter of the legal and financial threats which create a risk for anyone who has, or is attempting to accumulate some savings or a retirement nest-egg. The legal strategies which are discussed are clearly developed and explained and I highly recommend it for attorneys interested in the field or individuals considering their own asset protection planning.

The author introduces basic concept of asset protection very clearly.If you are the first time to read this topic , it is a good choice. However, compared with another book " Asset protection" written by Arnold S.Goldstein, I found Arnold could present more practical examples and tips to readers. So I like the ways presented by Arnold.

I just finished reading the 2011 version of the book and enjoyed the new articles and case discussions which present a very thorough explanation of the most important topics in asset protection. Popular strategies such as Family Limited Partnerships and Limited Liability Companies are covered in great detail and the author provides a balanced and complete picture of the pros and cons of each technique. In addition, I learned about many new ideas and strategies which I haven't considered before. In particular, the discussion of different types of trusts which can be used in asset protection and estate planning was very valuable and creative and certainly useful for anyone interested in the topic.

I've heard that Bob Mintz was the asset protection planner for Michael and Denyse Anderson, who spent 6 months in jail in relation to the asset protection trust that Mintz drafted for them. That trust has been charitably criticized by many legal commentators as "poorly drafted" and "stupid" and in similar terms. Ironically, Mintz's book was finally published only a couple of months after the Andersons were ordered to jail for contempt, and hit the shelves while the Andersons were actually sitting in jail. Anyway, this book advocates the exact stuff that has been proven not to work. Buy it as a critical checklist in how NOT to do asset protection planning.

Simply note the glowing, sales-pitch-like 5-star reviews issued in mid-January by reviewers with only one "review" to their credit. The credibility of the author and/or his alliances is called into question right away. If he can't shill reviews in a more sophisticated manner than what we see here, how could we trust his advice on asset protection from very clever and aggressive predators?