Book Recommendation: Lawyers Are Liars

Lawyers Are Liars: The Truth About Protecting Our Assets by Mark Kohler

Written from the heart, December 27, 2007
By Sarah L. Fails "sfails" (Review on Amazon)

Mark Kohler has done a great job outlining Asset Protection strategies that are truthful in what they can achieve - and demonstrated how many deceptive strategies unscrupulous lawyers will try to sell to people. His outline starts off with the myths of asset protection
· The goals of asset protection and why it is needed
· Repeatedly backs up his statement `there is no silver-bullet' approach
· Outlines the myths surrounding Nevada Corporations
· Discusses land trusts, off-shore accounts and partnerships
He then discusses what does work for asset protection in a battlefield themed approach -
· The multiple barrier approach
· Choosing your team of advisors
· Strategies for protection
· O.J. Simpson's model of asset protection (not that he advocates the person, but his strategies to protect his assets is uncanny)
· What you must do if you own a business or rental property with regards to deciding the property structure, protecting the corporate veil, carrying insurance, etc.
· Additional strategies that put up further barricades to your fortress (battlefield theme)
· And finally how to fortify your castle with trusts, if applicable for your situation
His `true story' scenarios outlined throughout the chapters make you realize the reason why he felt compelled to write this book.