To download the 50-State Chart, click on the following link:
https://assetprotectionsociety.org/50-state-ap-chart
If you are a financial planner, insurance agent, CPA, or attorney, the 50-State AP Chart is a must-download. It’s a useful desk reference guide you can and will use multiple times a year.
It’s been over a year since the 2023 version of this guide came out and with states constantly updating their laws, it’s important that you have the most updated version (so you are not giving clients erroneous info about what assts are protected in their state).
The chart shows:
-If cash value life is protected
-If annuities (cash value and annuity streams) are protected
-If IRA accounts are protected
-it also lists the homestead exemptions and if the state has tenants by the entirety.
One good thing about the update from last year are the homestead exemptions. For example, while still a pathetic number, California increased the homestead exemption to $699,426 if married.
In today’s internet age with advisors picking up clients in multiple states through online marketing and Zoom-type meetings, it’s vitally important to know the laws of different states so the best advice can be provided.
Asset Protection Educational Webinar
A good way to understand why EVERY advisor should be helping clients with asset protection planning is to watch my Introduction to Asset Protection webinar. To view, click on the following:
https://assetprotectionsociety.org/intro-to-asset-protection-webinar
5-Pillar Asset Protection
As you may have seen a few weeks ago, my new AP book finally got published.
What’s the book about? It’s a CONSUMER book where I cover the FIVE most important items that need to be dealt with when putting together an “asset protection plan.”
-Lawsuit protection
-Tax reduction (protection from the IRS)
-Stock market risk mitigation
-Protecting against long-term care costs
-Making sure your estate plan is fully in order
I cover everything an advisor wants to be covered including FIAs, FIAs with income riders, IUL, tax-reduction strategies, AB-LTC, stock market risk mitigation (sequence of returns risk, risk-managed strategies, structured notes) and much, much more.
The book is in COLOR and it has many charts from the OnPointe Risk Analyzer program and the new OnPointe Retirement Planning software. And I think the cover looks super cool.
How do you order a copy of the book?
1) You can buy it on Amazon at “retail” right now (click here).
2) You can buy copies at a 28% discount by going to the book’s website.
www.5pillarassetprotection.com
