Les Raketti's Articles in Books and Media - Weight Loss Articles, Health Articles, Self-Improvement Articles

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The Need for Asset Protection Sadly the first question usually asked when someone is about to be sued is the extent of the other parties net worth. And in Canada as long been the practice in the States, attorneys are now allowed to be take cases on speculation and an agreed percentage of the awards if they win. Asset protection steps are definitely necessary in these times of frivolous litigation. Trusts - Nevada or Rode Island? Only four States allow one to set up a trust and be a protected recipient as well. Missouri and Colorado have similar statutes but the common belief is that those laws do not work. Of the four States, Nevada has the shortest statue of limitations period - that is the time difference between the date the asset is moved to the trust and the date the asset is protected. In Nevada the statue of limitations is six months or two years after the creditor finds out or should of known whichever is longer. In the other states the equilvalent time period is 4 years

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