Ep 179 Advanced Asset Protection with Scott Smith

Written by Rocky Lalvani

Business | Mindset | Real Estate

Advanced Asset Protection

Scott shares the risks that wealthy people and business owners face. He shares how his trust strategy can protect you from lawsuits.
Take away: Do you need an advanced planning strategy to prevent you from liability.
Action step: What risks are you facing?
Money Learnings: Scott’s mom was a school teacher. All his siblings earned advanced degrees. Scott linked the concept of respect and love to money.
Bio: Learn how to free your time, protect your assets, and create lasting wealth with asset protection attorney and long-time real estate investor, Scott Royal Smith. When a close friend lost over $3 million in a single lawsuit, Scott decided to leave his litigation practice to help people protect themselves from frivolous lawsuits. His law firm, Royal Legal Solutions, now helps thousands of real estate investors and entrepreneurs protect more than $1.2 billion in assets. Join Scott as he deconstructs the lawsuit game and shows you how to protect yourself and your hard-earned wealth.
Highlights from this episode:
  • Scott realizes he hit all his goals but he isn’t happy.
  • The value of insurance.
  • How insurance companies deny claims.
  • Delaware Statutory Trusts.
  • Creating an estate plan.
  • Some of legal issues Scott has seen.
  • Be cautious in your communications.
  • Should you decrease your insurance coverage.
  • When should you worry about risk prevention?
Scott has a couple of things he would like to share with you:

Richer Soul Life Beyond Money. You got rich, now what? Let’s talk about your journey to more a purposeful, intentional, amazing life. Where are you going to go and how are you going to get there? Let’s figure that out together. At the core is the financial well being to be able to do what you want, when you want, how you want. It’s about personal freedom!

Thanks for listening!

Check out the podcast http://profitanswerman.libsyn.com/

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rocky@richersoul.com

Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.

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2 Comments

  1. Kenneth F. LaVoie III
    Kenneth F. LaVoie III on October 27, 2020 at 6:08 am

    Is there a transcript?

    Reply
    • Rocky Lalvani
      Rocky Lalvani on November 1, 2020 at 1:27 pm

      Unfortunately not. There may be some automated services that will allow you to transcribe it.

      Reply

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