Trump University Asset Protection
101 by J. J. Childers
A Solid Introduction To The Topic Of Protecting Your Assets From Taxes And Lawsuits
A tax-smart guide to keeping more of the wealth you build Three
obstacles to wealth-lawsuits, income taxes, and estate taxes-can and will
destroy the financial achievements of those who fail to properly safeguard
their assets. In this book, attorney and tax strategist J.J. Childers lays out a
plan for combating these forces so that anyone willing to learn and apply
the secrets of the wealthy can do so in a smart, simple, and effective way.
J.J. Childers (Little Rock, AR) is a licensed attorney specializing in wealth
structures that reduce taxes and shield assets. He speaks on these topics
to thousands of individuals, investors, and small business owners each
year. His unique ability to explain complicated strategies in simple terms
has made him one of the nations most sought-after speakers and
practitioners on asset-protecting legal structures.

Personal Review: Trump University Asset Protection 101 by J.
J. Childers
The only thing The Donald supplies to this book is his powerful brand and
two generic paragraphs for all this books in this series. There really is no
thoughtful forward or anything to do with his insights. That being said, this
is a pretty good beginners guide to the whys, whats, and hows of
protecting your assets from the various income taxes, business taxes,
estate taxes (the death tax), and lawsuits.
The author, J. J. Childers, is an attorney but writes clearly and simply
enough for regular folks. The book's 17 chapters are presented in five
parts. Part I covers the problem of excessive spending and a too passive
approach to paying taxes. You can't build wealth that way. Childers
shows you some basic principles on understanding the tax code and ways
to use exemptions and deductions to keep more of your money. He also
talks to you about the power of having your own business and the right
structures to use to manage the risks involved.
Part II covers protecting yourself from lawsuits and carefully explains why
this matters to you and matters more and more as your wealth grows. He
presents you with some basic principles of using corporations to protect
your assets and using multiple entities to match risk and assets rather than
leaving all your assets in one pot vulnerable to a single catastrophic suit.
Part III cover estates and death taxes. He introduces you to trusts and
why they are essential to you and why a will simply does not provide you
any protection from probate. Part IV shows you how to think like the
wealth. Childers calls this the Mogul Mindset. He also takes you through
the process of creating an asset protection team and what professional
expertise you simply must have. As the author says, you may think you
don't have enough wealth to worry about these things, but when you start
adding it up, you can get surprised in a hurry. Don't let anyone simply take
it from you because you failed to act.
Part V provides you with various resources such as a list of common
deductions, which business structures provide various kinds of protection,
a state by state guide to which assets you can protect during bankruptcy
and a glossary of business and legal terms.
As with any 101 basic course, this is introductory and you will need to
study more and dig deeper to master the topics in this field. But this can
certainly get you started in the right direction.
Reviewed by Craig Matteson, Ann Arbor, MI
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