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How to protect yourself from frivolous lawsuits

How to protect yourself from frivolous lawsuits

sovereignman.com / Simon Black / July 11, 2017

Yesterday I told you about the baseless lawsuit brought against my friend Michael.

Even though Michael was completely innocent, he still had to pay around $50,000 – and waste months of valuable time – to make the case disappear.

But there are a few steps Michael could have taken to avoid this headache. And, today, I’m going to share one of the best ways to protect yourself from greedy lawyers and claimants.

The right asset protection strategy serves as a huge deterrent against frivolous lawsuits and professional plaintiffs.

Here’s a great example: we often establish holding companies in places like Nevis; it’s a Caribbean jurisdiction that has strong asset protection laws that favor hard-working, law-abiding people who want to reduce the risk of inane lawsuits.

If you hold a portion of your assets through a Nevis company, anyone who wants to sue you is in for a LOT of trouble.