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Ask Paula: My Dad Died, and My Mom Is CLUELESS About Finances
Afford Anything
How Do I Protect My Assets?
If you're going in as a partner and the business gets sued, there is a possibility that your assets will not be protected. The four D's are death, disability, divorce, and disagreement or distress. You'll want to create airtight agreements that govern the four Ds. If Kellogg Corporation gets sued Paula and you have stock in Kellogg, this will be the same thing on a micro level if it's set up correctly.
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