Trump University Asset Protection 101: Tax and Legal Strategies of the Rich

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Overview

There are three things that will destroy your hard-earned wealth faster than anything else: income taxes, lawsuits, and estate taxes. The wealthy know this and use the kind of strategies found in this book to protect their fortunes. Unfortunately, most people focus on playing "offense" with their money, and forget all about protecting it by playing financial defense—until they get blindsided. Trump University Asset Protection 101 gives you the power to protect and grow your wealth at the same time, no matter how ...

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Trump University Asset Protection 101: Tax and Legal Strategies of the Rich

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More About This Book

Overview

There are three things that will destroy your hard-earned wealth faster than anything else: income taxes, lawsuits, and estate taxes. The wealthy know this and use the kind of strategies found in this book to protect their fortunes. Unfortunately, most people focus on playing "offense" with their money, and forget all about protecting it by playing financial defense—until they get blindsided. Trump University Asset Protection 101 gives you the power to protect and grow your wealth at the same time, no matter how much or how little you have in the bank.

This wealth-maximizing guide is written by professional financial advisor to the wealthy, J.J. Childers. He shows you how to tap into the powerful secrets the wealthy have always used to protect their assets for themselves and their families. Legal entities and other sophisticated strategies, explained here in simple terms, can help you protect your money from taxes and lawsuits—just like the wealthy do.

You'll learn powerful strategies including:

  • Ways to use asset protection to grow your wealth
  • Massive tax deductions the rich use every day
  • How owning your own business can save you a fortune
  • Protecting yourself against lawsuits
  • Using business entities and tax structures to keep assets out of the reach of others
  • Why you must have an estate plan, no matter how young you are

Building wealth is useless if you can't protect it from the government and other people who want to take it away from you. Trump University Asset Protection 101 gives you all the tools you need to avoid the three big obstacles to wealth creation and protection—lawsuits, income taxes, and estate taxes. You don't have to be Donald Trump to use these strategies, but you do have to be just as smart about protecting your hard-earned wealth.

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Product Details

  • ISBN-13: 9780470174647
  • Publisher: Wiley
  • Publication date: 10/19/2007
  • Series: Trump University Series
  • Edition number: 1
  • Pages: 288
  • Sales rank: 1,369,613
  • Product dimensions: 6.00 (w) x 8.90 (h) x 1.10 (d)

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Average Rating 3.5
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Sort by: Showing 1 – 5 of 4 Customer Reviews
  • Posted March 9, 2009

    more from this reviewer

    A good basic course in protecting your assets

    Donald Trump has branded a core set of texts on personal finance that will probably sell quite well thanks to the power of his imprimatur. In that role, Trump has provided a generic two-paragraph foreword for all the books in this series. The author, J.J. Childers, offers a good basic text that explains the whys and hows of arranging assets to protect them from lawsuits and taxes, particularly estate taxes, in the U.S. He also discusses how to keep more money by structuring your wealth properly. This is all great advice, but the book's real value is that it makes you aware of these basic personal finance concepts, and gets you strategizing clearly about how to hang on to - and protect - your earnings. getAbstract finds some good advice in this primer on asset protection, though you may want to supplement it with more advanced materials as you develop a deeper understanding of this important subject.

    1 out of 1 people found this review helpful.

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