Wealth Management, Wealth Protection, and Tax Planning

U.S. Supreme Justice Louis D. Brandeis
“I livein Alexandria Virginia. Near the Supreme Court Chambers is a toll bridge across the Potomac. When in a hurry, I pay the dollar toll and get home early. But, I usually push out the downtown part of town and cross the Potomac on a free bridge. This bridge has been put out the downtown Washington, DC area to serve a valuable social service, getting drivers to push the excess mile and also to help alleviate congestion during the rush hour.

When I moved across the toll bridge and through the barrier without paying the cost, I’d be committing tax evasion. If, nevertheless, I push the extra mile and then drive beyond the town of Washington to the free bridge, I’m using a valid, sensible, and suitable system of tax avoidance, and I am performing a useful social service by doing this.

For my tax evasion, I must be penalized. For my tax avoidance, I must be commended. The tragedy of life now is that a lot of people are aware that the free bridge even exists.”

Our progressive taxation system in America eases the redistribution of wealth from the more fortunate to the less fortunate. Now, the U.S. judicial procedure is also being used to redistribute wealth through lawsuit. Entrepreneurs, business owners, retirees and others who’ve gathered any substantial amount of wealth are often financially ruined from the U.S. judicial procedure.

Keeping that in mind, it’s not difficult to see why even an individual of average wealth with resources in danger would profit from implementing paragon international wealth management strategy to protect assets in the claims – notably the frivolous claims – of – unfamiliar future judgment lenders. One of a number of other exceptions for liability insurance policy, most insurance policies doesn’t cover punitive damages or employment-related claims.

Insurance from the most typical source of judgments and settlements more than $1 million, automobile accidents, is just very infrequently maintained at the amount required to pay these claims. In reality, it might be prohibitively costly or impossible to cover at this high amount of coverage.