Ben Rucker Tax Consulting

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Tax planning, estate planning, identity theft prevention, business structuring all meld together to form your personal asset protection plan. Today, asset protection doesn’t mean the home security alarm system. You have a better chance today of losing money due to a legal or financial attack than you do the common thief. Your personal tax savings plan has to start with a solid legal foundation. You can’t build a building from the roof down. You have to have a solid foundation first. Likewise, you can’t build you asset protection plan from the roof down. Your asset protection plan has to have a solid foundation.

Your asset protection plan must be built on a foundation of legal components. An attorney only has so many asset protection components available. The standard living trusts (not good asset protection tools), corporations, limited liability companies, and limited partnerships are the first line of asset protection components an asset protection advisor will recommend. Your advisor may be overlooking the ERISA plans, IRAs, life insurance policies, and other “commercial” components that can contribute to asset protection. I’m not selling life insurance, but these components have huge tax savings, income tax, estate tax, and asset protection potential. They will knit the standard legal asset protection components together and make a really strong foundation and structure.

Over 80% of the people we see have an elaborate asset protection set up, but they get little or no tax advantage out of it. The IRS is actually the major threat to your financial security and your asset protection plan. When you add up the income tax (federal income tax and state income tax), sales tax, property tax, business property tax, franchise tax on your little company, and the possible new VAT tax, you know that between 50 to 80 percent of your annual income is taken away. That’s the first thing your asset protection plan has to address, because a guaranteed loss of wealth each year is unbelievably destructive to your wealth.


Advanced Tax Tactics Shows how to proactively set yourself up for success by using legal tools to keep more of the money you make.  It gives you concrete ways to cut your tax bill by 20% — 40% each year. 

Protecting Your Financial Future details how you implement your asset protection foundation to maximize tax savings while operating an asset protection structure.