The seemingly impregnable “force field” surrounding unidentified flying objects, the magnetic shield that made flying saucers invincible against missile attacks mesmerized a generation of science fiction buffs. Are there are legal counterparts of this invisible “force field” that could help insulate your properties from being seized by others? The man made equivalent of this liability shield comes partly in the form of legal structures as well as exemptions from attachments and execution that were created by law to help you deflect or minimize damage in case someone files a lawsuit against you.
Failure to put up these legal devices may send you to a journey from the top of the mountain to the poorhouse, with no return ticket. “Laws,” wrote Rousseau, “are always useful to persons of property, and hurtful to those who have none.” However, a chink in your armor may cause internal bleeding in your defense system once someone breaks your defenses. The start of the fall of dominoes may lead to your financial collapse. A pile of documents meant to establish the legal organizations of your choice may look flimsy but the protection they provide have far-reaching consequences.
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