Latest / Financial Survival Network / Safeguarding Assets in the Face of Economic Manipulation - Brian Bradley #6130

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Safeguarding Assets in the Face of Economic Manipulation - Brian Bradley #6130 · Financial Survival Network

• 0:00
  Speaker 1: Yeah, I think it's all the above, and it goes
• 0:01
  Speaker 1: into layers. Right at the end of the day, if
• 0:04
  Speaker 1: you're just starting out your greenhort investing or you don't
• 0:07
  Speaker 1: have much, that's where LLC's and insurance come into play.
• 0:10
  Speaker 1: You know, there's no point in building a taj mahal
• 0:13
  Speaker 1: before you're ready for a taj mahal. But we can
• 0:16
  Speaker 1: layer this stuff up so risky assets like you know,
• 0:18
  Speaker 1: easy one to think about is investment properties, right, real estate,
• 0:22
  Speaker 1: go directly into LLC, get some insurance on it. You're
• 0:25
  Speaker 1: gonna start growing, You're gonna start scaling.
• 0:27
  Speaker 2: You're listening to Carrie Let's Financial Survival Network where you
• 0:31
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• 0:35
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• 0:51
  Speaker 3: Ever, and welcome you are listening to and watching the
• 0:57
  Speaker 3: financial survival networks.
• 1:00
  Speaker 1: Carrie Lutz.
• 1:01
  Speaker 3: Hey, you know, in this day and age, if you
• 1:05
  Speaker 3: have any assets, any wealth whatsoever, there are probably ten
• 1:09
  Speaker 3: people you don't even know about who are out to
• 1:11
  Speaker 3: try to grab them from you, grab your assets, take
• 1:15
  Speaker 3: your wealth and doing it fully legally through the legal system.
• 1:21
  Speaker 3: And Brian Bradley here, asset protection attorney, best selling author,
• 1:26
  Speaker 3: renowned educator in the legal and financial spheres. And well, Brian,
• 1:33
  Speaker 3: it's great to have you on here. So tell us
• 1:36
  Speaker 3: how big is the threat from all of these predators
• 1:40
  Speaker 3: out to take your money?
• 1:41
  Speaker 1: Yeah? Absolutely, and thanks Carrie for having me on. And
• 1:44
  Speaker 1: there's going to be a lot of fun and we
• 1:46
  Speaker 1: have a lot of important things to go over. And
• 1:48
  Speaker 1: I think like myth busting a lot of misconceptions, you know,
• 1:51
  Speaker 1: breaking down the different rules of trust and how these
• 1:54
  Speaker 1: can protect you or not. And you know my book
• 1:57
  Speaker 1: that you mentioned Bulber exposed, I wrotic because there never
• 1:59
  Speaker 1: was kind of that horn book on what is the
• 2:03
  Speaker 1: world of ask protection and the different layers and how
• 2:05
  Speaker 1: do we go about creating it? So I decided, you
• 2:07
  Speaker 1: know what, I might just ride it myself and you know,
• 2:11
  Speaker 1: use it as more than an educational method for individuals
• 2:14
  Speaker 1: to go through like what's a bunch of bs? What's not?
• 2:17
  Speaker 1: How to start small, how to grow and scale into it?
• 2:20
  Speaker 1: And kind of like what you were talking about, it
• 2:22
  Speaker 1: was like if we if we set the scene one
• 2:24
  Speaker 1: acid protection right has to be done before you're getting sued,
• 2:29
  Speaker 1: right Like, It's not like something we can just jump into, like,
• 2:31
  Speaker 1: oh my god, my house burned down. How do I
• 2:33
  Speaker 1: get insurance from my house? And now to cover it?
• 2:35
  Speaker 1: The world of ascid protection is exactly the same. You know,
• 2:38
  Speaker 1: if you're already getting sued, you're too far down the
• 2:40
  Speaker 1: rabbit hole. These are things that you have to think
• 2:42
  Speaker 1: about to set up beforehand for them to work. Otherwise
• 2:45
  Speaker 1: we're going to fall down the rabbit hole of fraud
• 2:47
  Speaker 1: and fraudulent transfer. And to answer your question, right know,
• 2:53
  Speaker 1: like what happened is we live in this Tooe happy
• 2:55
  Speaker 1: Nevada nirvana. And to put some context to it, you know,
• 2:59
  Speaker 1: the legal systems drastically changed over the past forty years.
• 3:03
  Speaker 1: It's no longer about justice, but it's about creating divide
• 3:07
  Speaker 1: and redistributing your wealth from the haves, which is you know,
• 3:10
  Speaker 1: you and your listeners or the have nots. You know,
• 3:12
  Speaker 1: it's basically I think the term is Robinhood economics. And
• 3:16
  Speaker 1: in my book I go over in depth the historical
• 3:18
  Speaker 1: big changes that led us to this. But to quickly
• 3:21
  Speaker 1: summarize the problem, over the past forty years, things that
• 3:25
  Speaker 1: just didn't happen in the past, or that weren't allowed
• 3:27
  Speaker 1: to happen in the past, like contingency fee lawyers or
• 3:30
  Speaker 1: law from advertising their commonplace. And this created a cultural
• 3:35
  Speaker 1: shift of a predatory legal system that is no longer
• 3:38
  Speaker 1: about justice, but it's now about profits. And our legal
• 3:41
  Speaker 1: system is now run by trial lawyers and special interest
• 3:44
  Speaker 1: groups who don't want to discourage lawsuits but rather increase
• 3:47
  Speaker 1: the size of a victim class. And then this is
• 3:50
  Speaker 1: just creating a society of victims. We basically legislated out
• 3:55
  Speaker 1: accountability and responsibility for our own actions, and this makes
• 3:59
  Speaker 1: loss suit it's an easy get rich scheme, you know,
• 4:02
  Speaker 1: for those who want to try to play what my
• 4:03
  Speaker 1: colleague used to call the lawsuit lottery. And it's a
• 4:07
  Speaker 1: sad truth. But while attorneys right may stoke that fire
• 4:11
  Speaker 1: that drives the American litigation engine, without the public's endless
• 4:15
  Speaker 1: appetite for suing each other, there really wouldn't be a
• 4:18
  Speaker 1: litigation crisis. And when we take a macro economic global
• 4:23
  Speaker 1: look at everything, the big picture really is that on
• 4:27
  Speaker 1: top of our destroyed legal import system, we have a
• 4:29
  Speaker 1: global financial system that is structurally deep rooted issues we
• 4:33
  Speaker 1: have you know, government backed fiat currencies that are in question,
• 4:36
  Speaker 1: and this includes the US dollar and a monetary policy
• 4:40
  Speaker 1: that's really plain and simple, right, it's in our face
• 4:42
  Speaker 1: inflate or die. And then we got governments looking at
• 4:45
  Speaker 1: deep and accessible pools of money and financing meaning you know,
• 4:48
  Speaker 1: your money, your assets, along with financial repression, monetary economic manipulation.
• 4:53
  Speaker 1: And so this is the world where we're living in
• 4:55
  Speaker 1: and we're investing in, and so it makes it really
• 4:58
  Speaker 1: hard to what do we do to actually protect and
• 5:00
  Speaker 1: keep our assets. And that's where modern day as to
• 5:03
  Speaker 1: protection comes into play, and you know, utilizing asset protection trust.
• 5:07
  Speaker 3: Well, like you said to Brian, the key is to
• 5:12
  Speaker 3: set up your financial fortress before you need it rather
• 5:16
  Speaker 3: than yeah yeah.
• 5:19
  Speaker 1: And there's a beautiful case on that point. Actually it's
• 5:22
  Speaker 1: a twenty ten case. It's called sec versolo. And here's
• 5:26
  Speaker 1: a situation because I get this call all the time,
• 5:28
  Speaker 1: you know, and even though I talk about this and
• 5:30
  Speaker 1: say if you're already in a lawsuit, please it's too late, right,
• 5:33
  Speaker 1: but people need to understand. So this case really breaks
• 5:36
  Speaker 1: down the importance of this of this point. So the
• 5:41
  Speaker 1: court here found that the husband, mister Solo, made a
• 5:43
  Speaker 1: fraudulent transfer after the sec judgment was entered against him.
• 5:47
  Speaker 1: So what he did was he assigned assets over to
• 5:50
  Speaker 1: his wife's trust to protect them after the judgment. Right,
• 5:53
  Speaker 1: So this is just no weal, this is just straight
• 5:55
  Speaker 1: up fraud. Yeah, how mister Solo was held in contempt
• 5:58
  Speaker 1: of court? You know, but there's a big butt here.
• 6:01
  Speaker 1: One hundred percent of his assets were actually able to
• 6:04
  Speaker 1: be protected. And I always use this case to demonstrate
• 6:06
  Speaker 1: two things. Was the power of really strong trust, which
• 6:10
  Speaker 1: we'll get into, you know, probably a little bit. But
• 6:13
  Speaker 1: what was horrible here is that he was held in
• 6:15
  Speaker 1: content of court. But why what did he do wrong?
• 6:18
  Speaker 1: The second point of this case goes to the timing
• 6:21
  Speaker 1: of setting up an asset protection plan. Right, He transferred
• 6:24
  Speaker 1: the assets too late. He was late to the game.
• 6:26
  Speaker 1: He did this after the fact, after the lawsuit, after
• 6:30
  Speaker 1: the judgment, and that was fraudulent, and that allowed the
• 6:33
  Speaker 1: court to open up the door to hold him in
• 6:35
  Speaker 1: civil content of court. So his assets were protected, but
• 6:38
  Speaker 1: he opened up the door to be held in content
• 6:40
  Speaker 1: of court face potentially face imprisonment depending upon the state. Right, correct, Yeah,
• 6:47
  Speaker 1: so the big takeaway you know from that is just this,
• 6:49
  Speaker 1: all this stuff has to be set up beforehand, not
• 6:51
  Speaker 1: after the fact. Like just like even you know, like
• 6:54
  Speaker 1: we're talking about a little bit like medicaid planning, you
• 6:56
  Speaker 1: know for elders, is we got to do things before
• 6:58
  Speaker 1: that five years look back period. And so like whenever
• 7:01
  Speaker 1: we're trying to set up and preserve wealth or protect
• 7:03
  Speaker 1: ourselves from lawsuits, can't do it after the fact. It
• 7:05
  Speaker 1: always has to be set up early in beforehand.
• 7:07
  Speaker 3: Okay, so family limited partnerships trusts LLCs. What is the
• 7:14
  Speaker 3: best vehicle to accomplish all this or is it all
• 7:17
  Speaker 3: the above?
• 7:17
  Speaker 4: Yeah?
• 7:18
  Speaker 1: I think it's all the above, And it goes into layers.
• 7:20
  Speaker 1: Right at the end of the day, if you're just
• 7:22
  Speaker 1: starting out your greenhort investing or you don't have much,
• 7:25
  Speaker 1: that's where LLCs and insurance come into play. You know,
• 7:28
  Speaker 1: there's no point in building at taj mahal before you're
• 7:31
  Speaker 1: ready for a taj mahal. But we can layer this
• 7:34
  Speaker 1: stuff up so risky assets, like you know, easy one
• 7:37
  Speaker 1: to think about is investment properties, right, real estate, go
• 7:40
  Speaker 1: directly into an LLC, get some insurance on it. You're
• 7:43
  Speaker 1: gonna start growing you're gonna start scaling. That's where management
• 7:46
  Speaker 1: companies come into play. We utilize limited partnerships because there's
• 7:49
  Speaker 1: just more that we can do with them, and limited
• 7:51
  Speaker 1: partnerships separate out managers from owners, so it's a higher
• 7:56
  Speaker 1: level of protection than just another LLC. And then as
• 8:00
  Speaker 1: you get to like that million dollar mark is generally
• 8:02
  Speaker 1: when we're going to talk about the world of trust.
• 8:04
  Speaker 1: And not all trusts are the same. And I think
• 8:06
  Speaker 1: that people get really confused on well, have my revocable
• 8:10
  Speaker 1: living trust my estate plan, I'm good to go and
• 8:11
  Speaker 1: protect it. And it's like, oh, sorry, you know, that's
• 8:14
  Speaker 1: the wrong type of trust. That's not going to protect you.
• 8:16
  Speaker 1: You need the revocable living trust for medical directors, financial directors,
• 8:20
  Speaker 1: beneficiaries of avoiding probate, but they're not going to protect
• 8:24
  Speaker 1: you from you know, creditors and lawsuits. They don't have
• 8:26
  Speaker 1: the teeth. And then that's where acid protection trusts come
• 8:28
  Speaker 1: into play.
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  Speaker 3: Okay, And how good are these asset protection trusts assuming
• 8:36
  Speaker 3: you set it up before and not after the fact.
• 8:40
  Speaker 1: Yeah, So it really just comes down to one what
• 8:44
  Speaker 1: state are you in, because not all states recognize and
• 8:47
  Speaker 1: have some sort of like self settled spend thrift legislation,
• 8:50
  Speaker 1: like all acid protection trust are self settled. So if
• 8:53
  Speaker 1: you live an example, a state like California, well, California
• 8:56
  Speaker 1: does not recognize self settled spendthrift trust. They don't have
• 8:59
  Speaker 1: the le legislation. And then there's a case Kilker versus
• 9:02
  Speaker 1: Steelman came down in twenty twelve that said, we're tired
• 9:05
  Speaker 1: of all you California residents running off to another state
• 9:08
  Speaker 1: like Nevada and creating a Nevada ascid Protection Trust. You're
• 9:11
  Speaker 1: not a resident of that state. We're not going to
• 9:13
  Speaker 1: recognize it, and it doesn't work. And so you can't
• 9:15
  Speaker 1: just go and jump around jurisdictional shop and say, well,
• 9:18
  Speaker 1: I'm a resident of the state that doesn't have this,
• 9:19
  Speaker 1: but this state does, so I'm going to go use
• 9:21
  Speaker 1: that and bring this state laws to my state that
• 9:23
  Speaker 1: I'm a resident of. So we got to look at
• 9:25
  Speaker 1: what state that you're at. If you're a resident of
• 9:27
  Speaker 1: like Nevada, yeah, we can utilize the Nevada ascid Protection trusts.
• 9:32
  Speaker 1: How strong are they? Surprisingly, the purely domestic ones, they're
• 9:35
  Speaker 1: not very strong. There's a lot of case law that's
• 9:38
  Speaker 1: been coming around since the early two thousands. We got
• 9:40
  Speaker 1: like Baitlevers, Mortisin and Rehover del burs Dale, and what
• 9:44
  Speaker 1: all these cases are of domestic like US based asset
• 9:48
  Speaker 1: protection trust. Then I've just been completely getting pierced and
• 9:51
  Speaker 1: those are on good facts. So then what do people do? Well?
• 9:55
  Speaker 1: We got another option, right, going purely offshore, the famous
• 9:58
  Speaker 1: Cook Islands Trust the most the strongest trust in the
• 10:02
  Speaker 1: world by far, the gold standard of any type of
• 10:05
  Speaker 1: acid protection trust. But they're expensive as heck, and it
• 10:08
  Speaker 1: takes all ay and you got to do like foreign
• 10:10
  Speaker 1: disclosures back to disclosures ten thirty five ten thirty five days,
• 10:13
  Speaker 1: very expensive to maintain most people ninety nine percent of society.
• 10:18
  Speaker 1: That's just way overkill. It's not worth it. So how
• 10:21
  Speaker 1: do you kind of bridge this gap?
• 10:23
  Speaker 3: Right?
• 10:24
  Speaker 1: That's where the best form of trust that I find
• 10:27
  Speaker 1: is was called a hybrid trust. We call it a
• 10:30
  Speaker 1: bridge trust. What you're doing is taking that foreign trust
• 10:33
  Speaker 1: for that strength and then domesticating it through the IRS
• 10:36
  Speaker 1: for the domestic simplicity of tax purposes. And so we
• 10:39
  Speaker 1: have the strength in the back pockets. Domestic simplicity was
• 10:43
  Speaker 1: max it cheaper to set up, easier to maintain, and
• 10:46
  Speaker 1: then it's like a Swiss army knife. What we need
• 10:48
  Speaker 1: when we need that strength, we have it. When we
• 10:50
  Speaker 1: don't need it is in our back pocket and we
• 10:52
  Speaker 1: can utilize it at that point in time. So really,
• 10:55
  Speaker 1: the gold standard nowadays for the last thirty years that
• 10:58
  Speaker 1: most people haven't heard about are these hybrid acid Protection
• 11:01
  Speaker 1: trust And that would be kind of the route where
• 11:04
  Speaker 1: most people would go once you hit that million dollar
• 11:07
  Speaker 1: exposed networthmark. I want to have someone calling in and saying, Hey,
• 11:10
  Speaker 1: I'm just setting starting out in real estate or investing.
• 11:14
  Speaker 1: Can I get a strong hybrid trust. No, that's way
• 11:17
  Speaker 1: overkill for you. Start at the base layer up and
• 11:20
  Speaker 1: then let the system grow and scale as you do.
• 11:22
  Speaker 3: All right, Hey, what about moving to Florida, Texas, getting
• 11:26
  Speaker 3: out of places like California where you're a virtual target
• 11:30
  Speaker 3: from every direction. Do you ever have clients do that?
• 11:35
  Speaker 4: No?
• 11:35
  Speaker 1: I do, I do. I don't think you're ever gonna
• 11:37
  Speaker 1: be able to fully run from any type of judgment
• 11:39
  Speaker 1: because even in Florida and Texas, you still have out
• 11:42
  Speaker 1: of control judges who anytime you go into a trial,
• 11:46
  Speaker 1: you don't know what's going to happen. It's not worth
• 11:49
  Speaker 1: the risk. I think Florida and Texas have great benefits
• 11:53
  Speaker 1: for like homestead exemptions and certain things like that. Like
• 11:56
  Speaker 1: an exemption is the strongest thing you can have in
• 11:57
  Speaker 1: the world, right, it's an exempt asset.
• 12:00
  Speaker 3: You know.
• 12:01
  Speaker 1: A great way to think about it was the famous
• 12:03
  Speaker 1: football player O. J. Simpson, right who got you know,
• 12:06
  Speaker 1: found out guilty from murdering his wife, lost a civil trial,
• 12:09
  Speaker 1: but then they never were able to collect on him
• 12:11
  Speaker 1: because his Florida mansion was homestead exempted and then his
• 12:14
  Speaker 1: NFL pension is a RESA exempted protected so they never
• 12:17
  Speaker 1: He's never able to be collected on all his assets
• 12:20
  Speaker 1: for safe. So that just goes the power of an exemption.
• 12:24
  Speaker 1: But if you're in Florida and you're investing in other states,
• 12:27
  Speaker 1: right like California real estate or other states, you can't say, well,
• 12:31
  Speaker 1: your honor, I'm a Florida resident, like this is you know,
• 12:34
  Speaker 1: apply Florida law when the injury is happening in California
• 12:37
  Speaker 1: or in New York or some other state.
• 12:39
  Speaker 3: What about the limitations on the effectiveness of allc's and
• 12:44
  Speaker 3: the partnerships living.
• 12:46
  Speaker 5: Yeah, so there's a lot of misconceptions on LLC's, Like
• 12:51
  Speaker 5: I like el c's but we need to remember, like
• 12:53
  Speaker 5: they're just the base layer, right, Like that's acid protection
• 12:57
  Speaker 5: one oh one.
• 12:58
  Speaker 1: And for some reason, I think that a lot of
• 13:01
  Speaker 1: people think that all of a sudden, well, I created
• 13:04
  Speaker 1: this LLC and this is my draculas layer. I'm good
• 13:07
  Speaker 1: to go, and they don't realize, like the veils can
• 13:09
  Speaker 1: be easily pierced. And then there's a lot of confusion
• 13:12
  Speaker 1: on where do we even set these things up in?
• 13:14
  Speaker 1: Right do we go to Delaware, Wyoming, Texas, Nevada? And
• 13:18
  Speaker 1: what we're really talking about, what I've been hinting on,
• 13:20
  Speaker 1: and some of this is just charging order protection and
• 13:22
  Speaker 1: corporate veil piercing, which is really big legal, fancy words.
• 13:26
  Speaker 1: And what we have to remember is that one LLC's
• 13:30
  Speaker 1: began in the seventies with the goal of blending the
• 13:33
  Speaker 1: elements of corporations and partnerships without the downside of double taxation,
• 13:37
  Speaker 1: right like acid protection was never the actual end goals
• 13:41
  Speaker 1: of LLC's, So by nature, they just aren't the strongest strategy.
• 13:46
  Speaker 1: And then they offer a limited veil of protection. And
• 13:49
  Speaker 1: that veil is good, right, It's better than nothing, It's
• 13:51
  Speaker 1: better than just having everything in your own personal name.
• 13:53
  Speaker 1: But it's fragile and it.
• 13:55
  Speaker 3: Can be pierced.
• 13:55
  Speaker 1: Just think of it like that thin, flimsy piece of
• 13:57
  Speaker 1: fabric that covers the face of a bride on her
• 13:59
  Speaker 1: wedding day. And so what people need to realize is
• 14:04
  Speaker 1: there's this case in twenty twenty three, so just last
• 14:06
  Speaker 1: year that as a Supreme Court case is called Mallory
• 14:09
  Speaker 1: versus NORTHFWLK, and the Supreme Court upheld a Pennsylvania statue
• 14:14
  Speaker 1: that forces companies to face litigation within the borders that
• 14:17
  Speaker 1: is registered to do business And I want to repeat
• 14:19
  Speaker 1: that because it's actually really important. It forces companies to
• 14:23
  Speaker 1: face litigation within the borders that is registered to do
• 14:26
  Speaker 1: business in. So state courts are permitted to exercise now
• 14:30
  Speaker 1: jurisdictions over registered foreign corporations that, let's say are holding
• 14:34
  Speaker 1: your real estate, you know, just as if there are
• 14:36
  Speaker 1: domestic corporations of that state. So running off to another
• 14:40
  Speaker 1: state like Delaware or Wyoming or Nevada and you're not
• 14:43
  Speaker 1: a resident of those states, the court are saying, sorry,
• 14:46
  Speaker 1: now the states can come in and get jurisdiction over that.
• 14:49
  Speaker 1: So we need to realize you're not going to get
• 14:52
  Speaker 1: any beneficial use out of the LLC if you're not
• 14:56
  Speaker 1: a resident of that state where it's holding the assets,
• 14:59
  Speaker 1: because those states can just take take the jurisdictional control, gotcha.
• 15:03
  Speaker 3: So any place where you are, they can get you
• 15:06
  Speaker 3: cor right, all right, So the gold standard of.
• 15:09
  Speaker 4: It all, the gold standard, I would say, layer this
• 15:13
  Speaker 4: up over time, pick the proper jurisdiction that assets go,
• 15:17
  Speaker 4: you know in the in an LLC in the state
• 15:19
  Speaker 4: that they're in, Layer up with a management company.
• 15:22
  Speaker 1: We prefer limited partnerships. And then once you hit that
• 15:25
  Speaker 1: you know high that one million net worthmark, hop it
• 15:29
  Speaker 1: off with a really strong hybrid trust and that way
• 15:32
  Speaker 1: we have the back pocket strength if we need it
• 15:34
  Speaker 1: with the simplicity of the domestic So the gold standard
• 15:37
  Speaker 1: is that hybrid trust. It's just a matter of wed
• 15:39
  Speaker 1: in time, right, you get to that level.
• 15:42
  Speaker 3: Right, Okay, So family limited partnership so still pretty tight.
• 15:47
  Speaker 1: Yeah, the family limited partnership, right, I can still be pierced,
• 15:50
  Speaker 1: don't get me wrong. You know it's what the benefit
• 15:53
  Speaker 1: of a limited partnership, the family limited partnership over another
• 15:56
  Speaker 1: LLC is that we can put more aid that's in it.
• 16:00
  Speaker 1: For one, like we can stuff cash, stocks, bonds, all
• 16:05
  Speaker 1: that non risky stuff directly in there, but there's a
• 16:07
  Speaker 1: built in delineation or separation between managers and owners by statute.
• 16:12
  Speaker 1: This is the only way that you can create a
• 16:14
  Speaker 1: limited partnership is saying the GPS the managing member, the
• 16:17
  Speaker 1: LPs the owner of this, and you just cannot do
• 16:20
  Speaker 1: that with an LLC because they're not created that way.
• 16:23
  Speaker 1: And so what some firms try to do is get
• 16:25
  Speaker 1: really created with operating agreements. The problem when you do
• 16:28
  Speaker 1: that with LLC's is you have to submit those operating
• 16:31
  Speaker 1: agreements for a judicial review. So when a judge's looking
• 16:34
  Speaker 1: at your operating agreement of your LLC and saying, I'm sorry,
• 16:36
  Speaker 1: this is not how LLCs are structured and set up.
• 16:39
  Speaker 1: I don't agree with your operating agreement. Your veil's now
• 16:41
  Speaker 1: pierced and it's not operating how it was intended. So
• 16:46
  Speaker 1: the better thing is just use the proper entity how
• 16:48
  Speaker 1: it was structured and created from the beginning, which would
• 16:51
  Speaker 1: be a limited partnership, because then we can separate out
• 16:53
  Speaker 1: the next layer, which would be the trust. How the
• 16:55
  Speaker 1: trust on the limited partnership, you would be the managing member,
• 16:58
  Speaker 1: and now everything by statute is properly legally structured.
• 17:03
  Speaker 3: All right, well, I think you're giving us really good exposure.
• 17:06
  Speaker 3: Next time you come on, we'll talk about those Medicaid
• 17:09
  Speaker 3: Medicare trusts to avoid having all your assets taken if
• 17:13
  Speaker 3: you fall ill and your insurance runs out or your
• 17:17
  Speaker 3: Medicare runs out. You know, these are real life problems here.
• 17:23
  Speaker 3: If people want to find about out more about you, Brian,
• 17:26
  Speaker 3: connect with you on the web. How do you do that?
• 17:28
  Speaker 1: Yeah, they can jump on my website www dot bTB
• 17:32
  Speaker 1: legal dot com. I use my website as an educational
• 17:35
  Speaker 1: resource and there's a lot of frequently asked questions and
• 17:38
  Speaker 1: a lot of educational videos on there. Feel free to
• 17:41
  Speaker 1: reach out to me Brian ba and at bTB legal
• 17:45
  Speaker 1: dot com. I do free consultations for people who listen
• 17:48
  Speaker 1: on the shows, So I'd rather have you get some
• 17:51
  Speaker 1: good advice and then take it from there to where
• 17:53
  Speaker 1: you need.
• 17:54
  Speaker 3: Hey, that's excellent. We appreciate that. Hey, got a question
• 17:57
  Speaker 3: from Brian or myself? Just shoot me email kl at
• 18:01
  Speaker 3: Carrie LUTs dot com. Hey, you will find his link
• 18:05
  Speaker 3: in the show notes to this interview on Financial Survival
• 18:09
  Speaker 3: Network dot com. Go there, subscribe for your free newsletter.
• 18:12
  Speaker 3: Ryan appreciate you coming on sharing your wisdom. We'll talk
• 18:15
  Speaker 3: to you again soon. Absolutely, thank you so much.
• 18:18
  Speaker 2: Thanks for listening to Carrie Letz's Financial Survival Network, your
• 18:22
  Speaker 2: solution to today's trying times. For the latest, go to
• 18:26
  Speaker 2: Financial Survivalnetwork dot com. Financial Survival Network now more than ever,