Garrett and Ted Sutton How to Build an Unbreachable Asset Protection Plan

14-08-2024 • 27 min

Garrett Sutton is a corporate attorney and asset protection expert who has sold over a million books guiding entrepreneurs and investors. Some of his best-selling books include Start Your Own Corporation, Loopholes of Real Estate, and Veil Not Fail. For over 30 years, he has run a practice assisting clients in protecting their assets through his companies Corporate Direct and Sutton Law Center, which currently help over 14,000 clients maintain their entities. Garrett is also a Rich Dad Advisor for Robert Kiyosaki and is the President of Sunn Stream, a streaming platform focused on kids' financial education.

Ted Sutton is Garrett's son and a licensed attorney. He has a B.S. in Mining Engineering from the University of Utah but decided to attend law school after realizing he was more interested in legal matters. Ted graduated from the University of Wyoming College of Law in 2022 and is licensed in Wyoming and Nevada. At law school, he served as the Student Director of the Business Entrepreneurship Practicum where he helped clients form and maintain LLCs. Ted now works at Corporate Direct focused on ensuring clients comply with the new Corporate Transparency Act.

In addition to his legal work, Ted is also involved in financial education for kids. He is the author of the free ebook "Five Tricks To Teach Your Kids About Money'' available on the Sunn Stream website, the streaming platform his father founded focused on kids' financial literacy and professional development.

During the show we discuss:

What Asset Protection is and Why It is Important
How Asset Protection Differs from Wealth Management
The Common Strategies Individuals Can Use to Protect Their Assets
How Trusts Work in Asset Protection, and the Most Effective Types of Trusts
What Role Insurance Plays in Asset Protection, and the Types of Insurance That Are Essential for a Comprehensive Asset Protection Plan
How Business Owners Can Protect Their Personal Assets from Business Liabilities
How You Can Protect Assets Intended to be Passed on to Heirs, and The Risks of Not Having a Solid Estate Plan in Place
How You Can Prepare Your Asset Protection Plan for Unexpected Events like Natural Disasters, Medical Expenses, or Sudden Economic Downturns
The Unique Challenges of Digital Asset Protection, and How Can Individuals Protect Their Digital Assets
How You Can Protect Your Assets from Potential Lawsuits
The Common Misconceptions About Asset Protection
How Financial Advisors and Estate Planners Can Assist in Asset Protection,
What to Look for When Hiring an Asset Protection Attorney
How Often Should You Review and Update Your Asset Protection Plan,
The Triggers That Should Prompt a Re-evaluation of an Asset Protection Strategy
What the Corporate Transparency Act is and What You Must Know