Welcome to Radical Personal Finance, a show dedicated to providing you with the knowledge, skills,

insight and encouragement you need to live a rich and meaningful life now, while building a plan for

financial freedom in 10 years or less.

Welcome to the next episode in the Asset Protection for

Mere Mortals series and today we're going to discuss life insurance, specifically

the exemptions for life insurance because there is a good chance that some or all of the money that you may have in a life insurance policy can be protected from the claims of your creditors.

I'll expand on this throughout the show.

My focus in this series is to give you very actionable advice,

to give you ideas that wouldn't necessarily require you to go and consult an attorney.

To give you things that you can do, even if you don't have a half a million dollars yet or a

million dollars yet.

But yet things that will be very helpful for you to have in place.

That's why I've titled this series,

Mere Mortals.

I do not claim that some of the techniques that we're discussing

are perhaps the most bulletproof technique.

It's rather obvious that if you want the very best asset

protection planning in the world, you're going to have an offshore asset

protection trust. You're going to have that in a very strong jurisdiction. You're going to have a trust

protector, you're going to have an investment manager, you're going to have all

kinds of veto powers and rights of assignment, you're going to have all kinds of

things squared away. And that'll also cost you 10,000 or or $20,000 a year just to maintain the legal structure alone,

...