Trump University Asset Protection 101 [Hardcover]

J. J. Childers (Author)

Book Description

ISBN-10: 0470174641 | ISBN-13: 978-0470174647 | Publication Date: October 19, 2007 | Edition: 1

A tax-smart guide to keeping more of the wealth you build

Three obstacles to wealth-lawsuits, income taxes, and estate taxes-can and will destroy the financial achievements of those who fail to properly safeguard their assets. In this book, attorney and tax strategist J.J. Childers lays out a plan for combating these forces so that anyone willing to learn and apply the secrets of the wealthy can do so in a smart, simple, and effective way.

J.J. Childers (Little Rock, AR) is a licensed attorney specializing in wealth structures that reduce taxes and shield assets. He speaks on these topics to thousands of individuals, investors, and small business owners each year. His unique ability to explain complicated strategies in simple terms has made him one of the nation's most sought-after speakers and practitioners on asset-protecting legal structures.

Editorial Reviews

From the Inside Flap

There are three things that will destroy your hard-earned wealth faster than anything else: income taxes, lawsuits, and estate taxes. The wealthy know this and use the kind of strategies found in this book to protect their fortunes. Unfortunately, most people focus on playing "offense" with their money, and forget all about protecting it by playing financial defense—until they get blindsided. Trump University Asset Protection 101 gives you the power to protect and grow your wealth at the same time, no matter how much or how little you have in the bank.

This wealth-maximizing guide is written by professional financial advisor to the wealthy, J.J. Childers. He shows you how to tap into the powerful secrets the wealthy have always used to protect their assets for themselves and their families. Legal entities and other sophisticated strategies, explained here in simple terms, can help you protect your money from taxes and lawsuits—just like the wealthy do.

You'll learn powerful strategies including:

• Ways to use asset protection to grow your wealth

• Massive tax deductions the rich use every day

• How owning your own business can save you a fortune

• Protecting yourself against lawsuits

• Using business entities and tax structures to keep assets out of the reach of others

• Why you must have an estate plan, no matter how young you are

Building wealth is useless if you can't protect it from the government and other people who want to take it away from you. Trump University Asset Protection 101 gives you all the tools you need to avoid the three big obstacles to wealth creation and protection—lawsuits, income taxes, and estate taxes. You don't have to be Donald Trump to use these strategies, but you do have to be just as smart about protecting your hard-earned wealth.

From the Back Cover

Trump University
Asset Protection 101

Trump University books are practical, straightforward primers on the basics of doing business the Trump way—successfully. Each book is written by leading experts in the field and includes contributions from Mr. Trump himself. Perfect for anyone who wants to get ahead in business without the MBA, these streetwise books provide real-world business advice based on the one thing readers can't get in any business school—experience.

In Trump University Asset Protection 101, you'll learn how to:

• Utilize the most powerful money-saving tax deductions

• Use your small business as a big tax shelter

• Use exemptions to help guard your assets

• Give your assets a makeover with a Multiple Entity Structuring Strategy

• Protect assets through gifting and philanthropy

• Maximize tax benefits from your retirement money

• Combine multiple strategies for a smart, long-term asset protection plan

See all Editorial Reviews

Product Details

• Hardcover: 288 pages
• Publisher: Wiley; 1 edition (October 19, 2007)
• Language: English
• ISBN-10: 0470174641
• ISBN-13: 978-0470174647
• Product Dimensions: 9.2 x 6.4 x 1 inches
• Shipping Weight: 1 pounds (View shipping rates and policies)
• Average Customer Review: 4.8 out of 5 stars  See all reviews (9 customer reviews)
• Amazon Best Sellers Rank: #430,925 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

17 of 17 people found the following review helpful:

5.0 out of 5 stars Very well written and sound advice, March 12, 2008

By 

Terry Smith "http://terrysmith.net -- http:/... (Little Rock, AR USA) - See all my reviews
(REAL NAME)   

This review is from: Trump University Asset Protection 101 (Hardcover)

This is an extremely informative and well-written book. Building wealth is vitally dependent on legally reducing your taxes by forming companies and properly structuring your income between earned income and passive income. The author covers the various forms of company entities such as general and limited partnerships, S Corps, C Corps, and LLCs. I've read several books about corporate entities and this is the first one I've found with practical, real-world examples that explain why an S Corp is better in one situation, while a C Corp is better in another, and an LLC is better in other circumstances. I came away believing (rightly or wrongly!) that I actually understand the differences now. The author then builds on that and explain how you can use multiple entities of different types to create a solid asset protection plan. He gives an excellent example of how a actively traded investment account can be structured as a limited partnership (with brokerage accounts held inside it) and whose general partner is a corporation. I've noticed this same structure when reading annual reports over the years, and now I understand why this structure reduces liability and has very significant tax advantages.

There is much more than what I've covered here. I highlighted text on almost every page in the book. My highlighting ratio is the predominant factor of how high I will rate a book. I will continue to pull this book off the shelf and refer back to it.

15 of 15 people found the following review helpful:

5.0 out of 5 stars Everyone should read!, January 17, 2008

By 

Sandra Palaza (Boston, MA USA) - See all my reviews
(REAL NAME)   

Amazon Verified Purchase

This review is from: Trump University Asset Protection 101 (Hardcover)

Asset Protection 101 is a book that everyone should read. We all know about corporations, LLC's, Revocable Living Trusts etc and we all know about law suits and being sued - but this book puts it altogether in an easy to read format that anyone can understand. If you want to save money on your taxes, if you want to keep from losing everything in a lawsuit, if you want to be able to pass on your estate to your family, without probate and with the least amount of taxes - then Asset Protection 101 is a "must reading" for everyone.

17 of 18 people found the following review helpful:

5.0 out of 5 stars So much more than I expected!, January 29, 2008

By 

Velvet Glove "Velvet Glove" - See all my reviews

This review is from: Trump University Asset Protection 101 (Hardcover)

I know a little about business entities since I own a small business. I was worried that this book would either be over my head, or too basic. I found that it did a fantastic job of covering the basics without seeming to talk down to me. I also got some great ideas and strategies to really increase my protection and dramatically cut my taxes. JJ Childers manages to make complex strategies digestible for those not versed in legal jargon, yet doesn't talk down to anyone with familiarity in the areas he covers. Since studying JJ's strategies, I find I can understand and speak with my CPA and attorney with more confidence and comprehension. I have also found that I can make better tax and legal decisions with my new knowledge and my tax and legal advisors were impressed with my understanding of the topics of asset protection, estate planning and tax reduction. Thanks, Mr. Childers!