Reib Law July 2019

IS EVERYTHING YOU OWN AT RISK? WHY ASSET PROTECTION CAN’T WAIT

so hard to build, is suddenly taken from them. All their assets — business, home, investments — go to probate. The estate is starved of cash in the process, and spouses and children are left with nothing. It’s an awful outcome to witness, but there is something you can do to prevent it. Don’t wait to put asset protection in place. If you have something worth protecting, yesterday was the best time to do it, and today is the next best. I know you think it’s not going to happen to you. That’s what Bill thought, and it’s what so many others thought before they were hit with a lawsuit. If you’re a business owner, the question isn’t if , but when you’ll find yourself on either end of a lawsuit. At REIBLAW we understand this fundamental truth, and we work with clients to develop strategies for shielding their valuables from lawsuits. These protections are a combination of legal tools and financial plans designed to protect you and your hard-earned assets. While pre-planning is always best, there are some ways to protect yourself even after a lawsuit has been filed. Give us a call or send an email to get more information. We’re here to help you protect what’s yours.

Recently, I urged my client Bill* to put an asset protection plan in place. I’d been working with Bill on other legal aspects of his business and coaching him on how to take it to the next level. The next time he called me, though, it wasn’t to talk about IP or request a template; it was to tell me he’d been hit with a $20 million lawsuit.

He waited too long, and now his business is up for grabs.

*Name has been changed.

I see it happen all the time: Business owners who haven’t covered their assets are hit with a sudden, unforeseen event. Everything they own, including the business they’ve worked

JUICY LUCY SLIDERS

INGREDIENTS

• 16 small potato rolls, toasted • Salt and pepper, to taste • Your favorite burger accompaniments

• 2 lbs. ground chuck beef, 20% lean • 8 slices melting cheese (like American, Swiss, Muenster, or cheddar)

Inspired by Bon Appétit Magazine

'5 PROVEN STRATEGIES TO SHATTERPROOF YOUR BUSINESS' Fact: 1 in 3 businesses has been hit with a lawsuit or threatened with a lawsuit over the past three years. This book lays out five proven strategies that, when implemented properly, will absolutely protect you and your hard-earned assets from any possible legal action. Visit ScottReib.com/books to order your copy today!

DIRECTIONS

1. Divide beef into 16 evenly sized balls. 2. Rip cheese into roughly equal pieces, creating 16 equal portions. 3. Using your index finger, create a small indentation in each ball. 4. Fill indention with cheese and pinch meat around to seal. Then gently form balls into 3/4-inch-thick patties. Season patties. 5. Meanwhile, heat a cast-iron skillet to medium-high. 6. Lightly coat skillet with oil and cook patties in batches. Brown one side undisturbed, about 3 minutes. Carefully flip and cook until desired doneness, about 3 minutes for medium. 7. Serve on toasted potato rolls with your favorite accompaniments.

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