Wealth Protection : Build and Preserve Your Financial Fortress [Hardcover]

Christopher R. Jarvis (Author), David B. Mandell (Author)

Book Description

ISBN-10: 0471221422 | ISBN-13: 978-0471221425 | Publication Date: October 8, 2002 | Edition: 1

"As an asset protection lawyer, I think Mandell and Jarvis brilliantly explain the most effective wealth protection strategies. A must-read for advisors and clients alike."
-Arnold S. Goldstein, PhD, LLM, JD
author, Asset Protection Secrets

"I really appreciate the 'Risk Factor Analysis.' It is a unique tool for diagnosing-and then solving-some of the toughest problems in maintaining and protecting your wealth."
-Gordon Klein, JD, CPA, lecturer, UCLA's Anderson Graduate
School of Management, frequent CNBC Commentator

"Chris and David's concept of a 'Personal Economy' should be heeded by every individual investor. If you want to grow and shield what's yours, this book is a great start."
-Jonathan Guryan, PhD, Asst. Professor of Economics
University of Chicago Graduate School of Business

The interest in protecting one's wealth is universal. Wealth Protection: Build and Preserve Your Financial Fortress serves as the ultimate handbook for readers who want to build their family's financial fortress and shield it from potential risks.

Editorial Reviews

Review

The authors of Wealth Protection-a financial adviser and a tax attorney-boast that their book should cost $5,000 because reading it is akin to meeting with a top wealth manager, minus the fancy office. For the most part, they deliver: Written specifically for wealthy investors, the advice ranges from fairly rudimentary (diversification, mutual fund costs) to very sophisticated (offshore trusts, business planning), without any Suze Orman-style hand-holding. A nifty "risk factor analysis" quiz even helps readers customize the information to their needs. Even so, this is more useful as a reference for savvy investors than as a do-it-yourself financial adviser. --Melissa Phipps (Worth Magazine, December 2002)

From the Inside Flap

The interest in protecting one’s wealth is universal. Everyone has a desire to protect their family’s wealth from the threats of investment downturns, taxes, lawsuits, education costs, poor health, and death. Wealth Protection: Build and Preserve Your Financial Fortress serves as the ultimate handbook for readers who want to build their family’s financial fortress and shield it from these risks.

In Wealth Protection, attorney David Mandell and financial planning expert Christopher Jarvis share their Wealth Protection knowledge and experience with the world. With this book as your guide, you can begin to protect, build, and enjoy your wealth–instead of worrying about it.

Wealth Protection opens with a critical lesson on how to understand "your own personal economy." What many people don’t realize is that the state of their "personal economy" is the single most important factor to building their financial fortress. Unfortunately, many people are obsessed with the world’s economic indicators. As a result, since no one person can change the economy, many people feel helpless in their planning.

How does Wealth Protection allow you to take control of your "personal economy?" This book includes the proprietary Risk Factor Analysis (RFA), a questionnaire designed to tailor recommendations directly to you. These eighty-five questions include:

• Do you own property jointly? (a huge Wealth Protection mistake)
• Do you know why your pension, 401(k), or IRA is a looming 80%+ tax trap?
• Do you own life insurance in your name? (a potential Wealth Protection mistake)

Based on your answers to these RFA questions, you will be directed to the appropriate chapter in the book’s next section, which contains over sixty chapters, each with its own distinct Wealth Protection strategy. These self-contained chapters will allow you to use this invaluable resource as your personal financial advisor time and again. Everything from how to reduce taxes on your income to avoiding the most prevalent investment mistakes are addressed in full detail.

These issues and many more are discussed in the following seven sections:

• Tax Planning
• Investing
• Asset Protection
• Insurance Planning
• Retirement Planning
• Estate Planning
• Business Planning

Filled with proven techniques and expert guidance, Wealth Protection offers you access to the secrets and strategies of two top financial advisors.

Take this opportunity to understand why a Wealth Protection Plan is so important and learn how to put your personal Wealth Protection Plan into action.

See all Editorial Reviews

Product Details

• Hardcover: 416 pages
• Publisher: Wiley; 1 edition (October 8, 2002)
• Language: English
• ISBN-10: 0471221422
• ISBN-13: 978-0471221425
• Product Dimensions: 6.3 x 1.4 x 9.2 inches
• Shipping Weight: 1.4 pounds (View shipping rates and policies)
• Average Customer Review: 4.5 out of 5 stars  See all reviews (17 customer reviews)
• Amazon Best Sellers Rank: #384,871 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

48 of 50 people found the following review helpful:

3.0 out of 5 stars Nice Outline But VERY LIGHT On Detail!!!!, April 30, 2003

By 

Richard Scott Smih "Scott Smith" (Cupertino, CA) - See all my reviews
(REAL NAME)   

This review is from: Wealth Protection : Build and Preserve Your Financial Fortress (Hardcover)

This book will be good if you want to review the components that might make up your wealth protection strategy. However, the book comes up short on the detail needed to understand those components well or to structure a comprehensive plan for yourself.

To get a feel for the lack of detail take a look at the Table of Contents, note that it seems very comprehensive but when you look a little closer you will see that most of the chapters are LESS THAN 5 PAGES! The subtopics in each chapter usually make up a single paragraph with a large font bold heading that takes up a lot of the page.

In short, if you want to get an overview of the components you might ask your advisor to explain to you, this would be a valuable purchase. If you want to understand these things yourself, you will be disappointed.

22 of 23 people found the following review helpful:

1.0 out of 5 stars A sales pitch that lacks any in-depth info., February 27, 2006

By 

Arizona Reader - See all my reviews

Amazon Verified Purchase

This review is from: Wealth Protection : Build and Preserve Your Financial Fortress (Hardcover)

The book is poorly written and largely a superficial analysis of the issues. It was not until after the first 150 pages that I first learned something. This is clearly writen as a marketing piece for the authors. And, when you do go to the website where various additional promised information is supposed to be, it is not there.

That is not to say that I did not learn anything, I did. But on those subjects, I still need to turn to other materials to learn anything that can be put into action.

10 of 12 people found the following review helpful:

5.0 out of 5 stars Outstanding Insight and Detail, December 5, 2002

By 

"jcush2000" (Minneapolis, MN United States) - See all my reviews

This review is from: Wealth Protection : Build and Preserve Your Financial Fortress (Hardcover)

This is one book that I will keep close at hand over the next several years. Finally someone has put together the critical components of financial growth and asset protection. I particularly liked the focus on assessment, strategy and tactics. Excellent publication for the financial advisor and personal investor alike.