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Big Picture Retirement®

Encore: Asset Protection for Personal Property

Big Picture Retirement®

Devin Carroll

News, Business News, Investing, Business

4.7546 Ratings

🗓️ 26 December 2023

⏱️ 40 minutes

🧾️ Download transcript

Summary

How about this for a New Year's resolution - PROTECT YOUR ASSETS! In today's show, we bring back one of our most downloaded episodes where John covered the details on what to do with your personal property that could be exposed to creditors and ambulance-chasing attorneys. 

Although this show does not provide specific tax, legal, or financial advice, you can engage Devin or John through their individual firms. 

Contact Devin's team at https://www.carrolladvisory.com/ 

Contact John's team at https://www.rossandshoalmire.com/  

Transcript

Click on a timestamp to play from that location

0:00.0

Hey everyone, welcome to the Big Picture Retirement Show. I'm your host, Devin, and for the month of

0:04.5

December, we've been bringing you some of our most downloaded episodes to listen to again.

0:10.7

John and I've been hard at work, building up a new library of episodes that we can release,

0:15.5

starting in early 2024, and we knew that we've had a lot of people join the podcast in the last year and we wanted to

0:24.1

give you a chance to go back and listen to some of these episodes that have been really hot

0:29.3

and have had a lot of people listening to them so if you've already listened to it go back and

0:34.1

give it another listen and it's likely you'll hear something that you may not have heard the first time.

0:41.6

You know, we can't wait to release some of these new episodes.

0:43.8

We're going to be talking about things like the hidden tax benefits of investment location,

0:48.2

the estate plan checklist, what no one tells you about retirement.

0:52.9

And then three reasons you should use a flat fee advisor

0:56.5

and we're building more and more topics onto this list as we go. So exciting stuff coming

1:02.6

in 2024. But let's get to today's episode. This is asset protection for personal property.

1:09.7

You know, it's easy enough to know what to do if you

1:11.8

have a business, right? You typically use an LLC. But what do you do for property that's in your name?

1:19.3

How do you keep that protected? And this pertains to a lot of retired individuals as well because

1:25.3

they may have built up a large brokerage account or maybe

1:28.6

they have a vacation home or it could be a number of other things that they have that's worth

1:34.3

a substantial amount of money and yet it doesn't really have a business purpose so how do they

1:41.0

keep that protected well john's going to dive in today and give you the step-by-step details on how to get this done.

1:47.8

But before we get there, I always like to remind our listeners,

1:50.9

if you haven't already given our show a rating and a review, you don't know how much we appreciate those.

...

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