ASSET PROTECTION 2 – Episode 2 – Part 2 – The EWP Stories Video Series

Asset Protection 2

The Expanded Worldwide Planning Stories Video Series – Part 2 Episode 2 – Asset Protection 2

Introduction

Welcome. The goal of many entrepreneurs is to grow a successful business, then sell it and retire on the profit of the sale. Janet Johanson was such a person, but because of poor asset protection planning, her $100M from the sale of her profitable wine store business was snatched from her on the eve of her retirement.

A key element of any asset structure should be asset protection. Indeed one of the six principles of Expanded Worldwide Planning, or EWP for short, is asset protection. With EWP the key element of asset protection is embedded into the structure, and is not an additional element that must be added at additional cost and complexity.

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Janice felt on top of the world in more ways than one. She was now looking at the Swiss Alps on her balcony in Spiez on the southern shore of Lake Thun. Janice was also completing the sale of her wine store chain. She would be receiving $100M for her twenty years work. She began the chain with a keen enthusiasm for wine, a small inheritance from her uncle, and a rat infested storefront on the Bowery in New York City.

Through careful sourcing of wines throughout the world, her excellent palate, and buyers hungry for good quality wine at a reasonable price, she had grown her one store into a multi-city chain. She was relaxing, as though for the first time in twenty years. Her taunt athletic frame was not built for relaxation. When she would allow herself time away from her business, relaxation took for the form of competing in Triathlons. She did allow herself the time to stay in top physical condition.

The jet streaking above the Alps reminded her of her own flight several days ago. The ad read: “Fly a Real Fighter Jet. Be a fighter pilot for a day.” When she saw the ad, she couldn’t resist. She paid $5,000 for 30 minutes with an experienced ex-military fighter pilot. She was exhilarated to the core every minute of the flight. She was transported to a new world, as the pilot navigated the high and jagged peaks of the Alps with its narrow valleys and tightly constricted airspace. She did not want the flight to end.

Her room phone rang. “Hello,” she answered.

“Janice, I have unwelcome news for you.” Janice recognized the voice of her attorney, Brian Spencer.

“Yes, Brian, what is it?”

“There has been a serious accident at a store in New York City.”

“Well, don’t we have insurance for this.”

Brian said weakly, “Maybe.”

“Why maybe? Don’t we now have our captive insurance?”

Brian said in a dull tone, “We need to talk.”

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Conclusion

In our next video, we follow Brian Spencer, Janet’s attorney, into a hospital ward to see for himself the very unfortunate result of an accident at one of Janet’s wine shops. The promising career of a medical student, Steve De Marco, was cut short by slipping on a wet floor at the wine shop. Steve was on track to become an excellent heart surgeon, but was now lying in a coma in the hospital.

On the advice of her attorney, Janet had entered into a captive insurance arrangement, but it turned out to be just an expensive stack of papers. This poorly executed captive insurance company did not have the funds to pay for Steve’s accident, and the certain multi-million dollar settlement for damages. In Episode three, you will learn how an EWP structure is a vastly superior asset protection strategy.

If you found this video useful, please give us a like, and click on the subscribe button below. We look forward to connecting with you in Episode Three.

To learn how the wealthiest families in the world conduct their financial affairs, please call +1 530 692 1007, or email us at info@expandedworldwideplanning.com.

At your convenience, we can arrange a call to discuss how our unique blueprint can vastly enhance your asset structure.

Disclaimer

The opinions expressed in this video are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual on any financial structure, investment, or insurance product.

 

by Michael Malloy, CLU TEP RFC.

CEO, Founder @EWP Financial

Michael Malloy-CLU-TEP

 

 

 

 

 

 

 

 

 

 

The EWP Stories Video Series – Part 2 – Episode 1 – ASSET PROTECTION 1

Asset Protection 1

The Expanded Worldwide Planning Stories Video Series – Part 2

Episode 1 – Asset Protection

#Asset #Protection – Video 1 – Introduction

Welcome. In this video the topic of our story is one of the cornerstones of any asset structure–asset protection planning. Expanded Worldwide Planning, or EWP for short, gives a wealthy family asset protection by its very nature, it is not something that must be added.

Why is this so? Because life insurance is one of the rare items that is favored for asset planning under the tax code. This is especially true for the advanced structures that our firm constructs for wealthy families worldwide. Remember, most families place the majority of their assets into an EWP structure, so they achieve superior asset protection for all these assets worldwide.

Our story involves Janet Johanson, an exceptionally talented entrepreneur, who seemingly did all the right things to protect herself against an untimely loss of her assets. How did the devastating loss of $100M wipe out her early retirement? One of her advisors made a critical mistake. We hope you will learn from this video, and not travel down the same path.

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Steve waited impatiently in the long line at Starbucks. He still needed groceries to cook dinner for his girlfriend, but needed a coffee. Steve was in his last year of residency at Mt. Sinai Hospital in New York City. The long hours at the hospital under the close scrutiny of his attending physician were wearing him down. Steve was equally impatient to finish his residency, and begin his practice.

With his straight A’s through medical school, and a remarkably deft hand with medical instruments, his new career as a heart surgeon looked more than promising. Steve was a man poised for success.

Steve made quick work of shopping at Whole Foods, then, proceeded to a wine shop. It was a chain that sold well-selected bottles from around the world at a fair price. He entered by a side door.

A clerk at the wine shop, had just finished cleaning up a large pile of dog poop on the street outside the door. He had entered just before Steve with his mop trailing behind him, not realizing that it was leaving a stream of water in his wake.

Steve stepped into the wine shop. “My God,” he gasped loudly.

As his foot touched the slippery surface of the watery stone floor, it slid. He tried to steady himself. He was heading towards the ground like a wounded soldier in battle. There was now no way to regain control. Both legs shot out from under him, and he landed hard, directly on his lower spine, and then hit his head on the hard floor.

“Crack,” it sounded.

The customers nearby winced in an automatic sympathetic response, even before they turned their heads to see what had happened.

Steve lay sprawled on the hard, cold stone floor with blood flowing from his skull. The store manager jostled several customers in his attempt to reach Steve.

As he saw his customer unconscious, he immediately took out his cell phone and called 911.

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In our next video, Janet Johanson begins her early retirement with the $100M from the sale of her chain of wine shops, only to find out that there has been a serious accident at one of the shops. This accident occurred before the sale of her business had been finalized. She learns from her attorney that there might be a problem with the captive insurance she thought that she had in place to address accidents like this.

If you found this video useful, please give us a like, and click on the subscribe button below. We look forward to connecting with you in Episode Two.

To learn how the wealthiest families in the world conduct their financial affairs, please call +1 530 692 1007, or email us at info@expandedworldwideplanning.com.

At your convenience, we can arrange a call to discuss how our unique blueprint can vastly enhance your asset structure.

Disclaimer

The opinions expressed in this video are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual on any financial structure, investment, or insurance product.

by Michael Malloy, CLU TEP RFC.

CEO, Founder @EWP Financial

Michael Malloy-CLU-TEP