Joe Paterno House Transfer Won’t Shelter Him – Asset Protection FAIL

As always, timing is everything in Asset Protection planning, rule number one is always do something today, while the waters are calm and you have the greatest number of effective  legal options.

The link to the story below shows how poorly timed, late transfers are viewed. Sometimes the late transfer is intentional, sometimes it’s just plain bad luck that could only have been prevented by making the transfer when it should have been done, long ago, when you first had something that deserved protection. – Ike Devji

SEE THE STORY HERE: http://www.forbes.com/sites/deborahljacobs/2011/11/16/paterno-house-transfer-wont-shelter-him/

There’s a lesson there, but it has nothing to do with the latest sex scandal. The take-away is that preserving resources for yourself or future generations goes beyond sound investment and money management. You also need to guard against losing assets to creditors.

THIS LINK EXPLAINS OTHER COMMON ASSET PROTECTION “FATAL FLAWS”: http://www.proassetprotection.com/2010/10/common-fatal-flaws-of-asset-protection-planning/