Maybe you think it’s just other people who live on the lawsuit firing line… and you live somewhere else (other than on the "firing line.") Think again.
The Legal Resource Network reports that 15 million lawsuits are filed in the US every year.
That works out to a new lawsuit for one out of every 12 adults every year… year after year. Unless you’re exceptionally lucky, sooner or later your turn will come. You’re not going to like it.
It’s no fluke that 80% of the world’s lawyers—over 1.2 million of them—work in the US. That’s where the action is.
Welcome to America…
… the playing field for more lawyers and more lawsuits than any other country in the world.
Your money is the trophy they’re competing for.
Even if you don’t think you’re in a high-risk business or profession… even if you always treat people honestly and fairly… and even if you carry a supersize liability policy… an out-of-the-blue lawsuit can come crashing into your financial life at any time. And it can strip you of everything you’ve earned, everything you’ve built, and everything you’ve saved. All of it.
The ACE Group (specialists in insurance for high-net-worth individuals) recently noted that “America’s wealthiest families increasingly worry that their wealth alone makes them a target for a high-stakes liability lawsuit …”
Those ACE people are right. It’s not what you do, it’s what you own that attracts litigation.
For the pros in the lawsuit business, any American who is noticeably wealthier than average is a target.
It used to be illegal, but now lawyers actively search for people to sue. They hunt. And when they go hunting, they look for the unprotected.
The reason: today, lawyers are allowed to keep a share of all the money they can squeeze out of a lawsuit target—contingency fees.
So for them, taking your family’s assets means payday. Liability insurance just makes you a juicier target; if they win, your policy is like a check in the mail.
And it’s so easy for them to start. They can file a suit for personal slander, (this happened to me!) commercial slander, personal injury, malpractice, product liability, on-the-job injury, civil rights violation, unfair labor practice, unfaithful employee practice, even “psychological pain”… the list goes on and on.
And it doesn’t cost any more to file a lawsuit for $20,000,000 than to sue for $200. For them, zeros are free… and very rewarding. Whatever the size of your liability insurance, expect the lawsuit to ask for more.
For you, those zeros can be a matter of financial life and death. One lawsuit could undo a lifetime of work and success.
Financial cardiac arrest.
Even if you don’t lose, the cost of defending yourself can be a disaster all on its own.
Unfortunately, no matter how much you want to believe a lawsuit won’t happen to you, the chances are high that you’ll have your turn being a target… and if all you do is wait for your number to come up, you’ll be an easy target.
So now is the time to “lawsuit proof” yourself. That means putting all your important assets far beyond the reach of predatory litigation. It’s the only thing that really stops them. Research the best way to do this...and do it now!
Many government agencies are authorized to grab property first and then dare you to prove they’ve made a mistake.
Dozens of government agencies now have the power to lock up all your bank accounts in the US, all your brokerage accounts in the US, and even your home, based on the flimsiest hint that something might be wrong.
It doesn’t matter what the underlying allegation is about—taxes, drugs, food safety, the environment, or something else.
It doesn’t even take a real allegation to make it happen.
A single government employee’s suspicion or ill will is enough to push the bureaucratic launch button and start your nightmare.
They act without warning, and they can strip away all the cash from your US bank accounts and all investments from your US brokerage accounts without waiting for a hearing, a trial, or any other token of due process.
If it’s in the US, it’s theirs whenever they say it is.
Yes, after they strike you can go to court to get your property back—but how will you hire a lawyer if your bank account has been frozen? And how will you pay your bills while the legal process is grinding on?
Forget what you learned in civics class. Sometimes a government agency just wants the property.
The Institute for Justice concluded, “Under modern civil forfeiture laws … filling law enforcement’s coffers is often the primary purpose of the seizure.”
And sometimes it’s just the result of bureaucratic thinking. Their procedure book makes them do it.