Protecting Assets: LLC vs. Trust

by | Jan 30, 2024

In this video, Jacob Stein provides expert insights into asset protection planning. He compares the use of Limited Liability Companies (LLCs) and trusts to safeguard assets from potential claims. Mr. Stein explains how the primary goal of asset protection is to make the assets more challenging and expensive for creditors to reach.

Mr. Stein outlines the advantages of using an LLC, such as maintaining control and easy access to cash flow. On the other hand, he delves into the benefits of using a trust, which takes the asset off the client’s financial statement, making the client appear more judgment-proof.

Whether you’re a middle-class family or a high-net-worth individual, understanding the nuances of asset protection structures is crucial. Join us to gain invaluable insights into this essential aspect of financial security.

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