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Posts Tagged ‘protectmyassets.com’

Matt Mullhofer | Financial Privacy Steps | Matt C Mullhofer

In Legal on July 24, 2009 at 7:05 pm

Twelve Steps to Financial Privacy – By Matt Mullhofer

  1. Never release your social security number.  Only release your social security number when it is absolutely necessary says Matt Mullhofer.
  2. Use a corporation or another entity for major transactions.
  3. Avoid writing checks because they leave an extensive paper trail.
  4. According to Matt Mullhofer when investing offshore, ensure that you are in compliance with all laws and reporting requirements.
  5. Only disclose what is necessary to financial institutions.
  6. Maximize the bearer transactions that are not reported under your name.
  7. Use financial professionals that will keep your financial information confidential.  Attorneys are bound to keep all of your information confidential.
  8. Always have your accountant work through your lawyer to insure confidentiality told Matt Mullhofer.
  9. Use a post office box or drop box for mail correspondence.
  10. Avoid using safety deposit boxes, use private vaults instead.
  11. Prepare a living trust to bequeath your property.  This will avoid the high cost associated with probate as well as any loss of privacy.
  12. Arrange your investments so that you can provide the least possible amount of financial information.

About Matt Mullhofer

Matt Mullhofer has been practicing law since 1999, and has owned and operated the Law Office of Matt Mullhofer, PC since 2000. The goal of Matt Mullhofer is to provide professional legal services to the clients of ProtectMyAssets.

ProtectMyAssets | Asset Protection | ProtectMyAssets.com

In Legal on May 13, 2009 at 10:40 pm

SIX WAYS CREDITORS MAY DISCOVER YOUR ASSETS

By ProtectMyAssets.com

Matthew C. Mullhofer has been practicing law since 1999, and has owned and operated the Law Office of Matthew C. Mullhofer, PC since 2000. The goal of  ProtectMyAssets.com is to provide professional legal services to the clients of  ProtectMyAssets.

Matthew C. Mullhofer has been practicing law since 1999, and has owned and operated the Law Office of Matthew C. Mullhofer, PC since 2000. The goal of ProtectMyAssets.com is to provide professional legal services to the clients of Matthew C Mullhofer.

In this article he shares some important concepts about how you can protect your assets.

First of all, don’t rely on secrecy or concealment to prevent creditors from learning about your assets.  You can be forced to testify under oath, and if you attempt to deny you will be committing the crime of perjury. You should also remember that with the use of computers and investigations, these days it is not difficult for creditors to locate assets, even those that have been held overseas.

ProtectMyAssets adds that it is important, however, to remember that you are only required to disclose assets if a creditor obtains a judgment against you, when you are sued for punitive damages (and assets are relevant to the award), or when litigation involves the fraudulent conveyance and the assets are relevant to the discovery.

Creditors entitled to discovery of a debtor’s assets have great discretion in their examination and procedures. Spouses can also be forced to disclose their finance to a judgment creditor even if they aren’t involved in the litigation says ProtectMyAssets.com. Additionally, insurance companies may be required to disclose information about your assets to judgment creditors.

For more information or assistance, check the Matthew Mullhofer website ProtectMyAssets.com

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