A little over a year ago, I went to a financial seminar that I think was called the Millionaire’s Conference. It was a long day with a bunch of speakers. One of the speakers was Robert Bluhm. Bluhm talked about Asset Protection. He described various legal structures such as ‘C’ Corporations, Family Limited Partnerships, CRTs, Living Trusts, and how to set them up.
He was selling books, and software telling how to set these up. It would cost a few thousand dollars if you wanted to buy his stuff. I am not a lawyer. I am really leary of a lot of these legal shelter kinds of things. I have read that they don’t always work with the IRS.
All of the speakers were selling seminars and books and stuff, and they all cost a few thousand dollars or more. And there were lots of people jumping to buy the stuff with their credit cards.