We are in a Litigation Explosion! Nine out of ten lawsuits in the world are filed in the United States. A new lawsuit is filed every 30 seconds. If you own real estate, a business or a medical practice, you are at risk. With just 5 percent of the world's population, America has more than 80 percent of the world's lawyers. According to the American Bar Association, there are close to 700,000 lawyers in practice in America at present. There are 130,000 students attending law school right now. When they get out of school, the only way some of them will ever make any money is to sue people.

These lawyers work on a contingency-fee basis. This means their clients do not pay them for their time, but pay them a third (or more) of the amount received when they win or settle a lawsuit. As you can imagine, many lawyers do not mind bringing frivolous suits. In today's litigious society, if you own anything worth having, especially real estate, then you are at risk of having one of these lawyers come after you unless your assets are protected.

Under the U.S. legal system, the deck is stacked in favor of the plaintiff and against the defendant. This is the reason so many lawyers specialize in contingency fee lawsuits in which they are paid a percentage of whatever they win for their clients. This encourages the filing of frivolous lawsuits. That means any real estate investor, business owner or professional person stands a chance of being sued several times in his or her lifetime.

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assetprotection@AmericanAREI.com