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#1118 Joel Nagel On How To Protect Your Wealth During The Bear Market

The Pomp Podcast

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Protecting and Preserving Assets

The main structure that people use to protect wealth is a trust structure. Trusts have been around for over a thousand years and were invented during the dark ages in Britain. A trust is not something you really own, but it's its own juridical person. And so if a would be plaintiff comes after you, and they don't have an independent cause of action against the trust, which they almost never would, then the most they're going to get is a judicial award against you.

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