Protect your assets.

[Forwarded from Ed of Ocala]

I have 2 variations of my idea:

1- If you are going to buy a home with anything you get from the appointments, you
need to set up another Trust where you are the Trustee and the Trust has some
assets.
2- Then that Trust loans either you or another Trust the funds to buy the home and
places a 125% lien on the new home (not a mortgage). That lien secures the loan,
protects any equity from ever being exposed (no lawyer will sue on behalf of
someone when there is no equity to get). Also, you, being the Trustee of the
lending Trust can release the lien at any time in case you decided to sell, or just
leave the lien on at closing the sale proceeds go to the lending Trust to replenish
it's coffers.

Second:
If you currently own a home with equity in it, and you are going to keep, become the
Trustee of a Trust you funded from the exchange proceeds, and then the Trust can place a
lien on the home for more than the equity, to ensure that you do your job as Trustee of all
its assets and that lien guarantees your honest performance of those duties.

The same scenarios apply to other equity bearing assets. Borrow the cost of the assets
from one Trust you use only for lending and lien placing purposes to you or another Trust
that will own the assets instead of you.

There are other circumstances where the same process can be used to protect other big-
ticket assets. Keep each liability producing assets in separate entities: boat, vehicle,
motor home, home, rental property, airplanes, or any thing that could cause, or be used to
cause, a suit.