Welcome to passive real estate investing, the show where busy people like you

learn how to build substantial passive income while creating wealth for the long term.

And now here's your host, Marco Santorelli.

Welcome to passive real estate investing.

I'm your host, Marco Santorelli.

Well, this is a special episode because we're going to talk about asset protection

but not asset protection from the basics. We're going to get a little more advanced. So I wanted to bring a

guest back on that I had a few years ago and he is a very smart guy. He's actually one of

Robert Kiosaki's Rich Dad Advisors.

In fact, he's Robert Kiasaki's Asset Protection

attorney.

A very smart guy that can talk to you about corporate governance

and the different states and how they apply to asset protection and how to set up

your structure and what to do what not to do. The thing is is none of us want to

ever be in a lawsuit and nobody wants to get sued but the problem I think some people

run into is they know they need to put an asset protection plan in place and

they put it off but they understand why they need it and then the day comes where they get into trouble or they have some sort of lawsuit crop up and they realize, oh my, I didn't put an asset protection plan in place or I didn't

protect a particular asset or I kind of dragged my feet and this is something I

should have done. The reality is is that it is not complicated to set up. It doesn't take a long time. It is not an

expensive thing to do and it really is a lot of simplicity. It's mostly paperwork

and a couple of formalities and just some renewals that you do every year and really your attorney can take care of that you don't even have to do it.

You could just put it in your calendar so you know about it.

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