How to Protect Your Assets for Life | EREI 332


Tax Hacker Tuesday is back to share more on how to protect your assets for life. Listen as Tim Berry leads the charge with several reasons you should be treating your real estate investing more like a business.

Protect your assets! Join Tim Berry and Tax Hacker Tuesday for the financial and asset protection strategies you need. These are the methods and measures you should be employing to secure your financial future for yourself and your family.

how to protect your assets

What You Will Learn About How to Protect Your Assets for Life:

  • How to treat your real estate investing like a business

  • Asset protection for your business

  • Where to get the Tax Hacker system
  • When and why you should place your business inside of a trust

  • Ways to protect your assets for your entire life

  • The advice you should consider to protect your business

  • Financial protection strategies you must discuss

  • Why you should get your financial affairs in order today

  • Protect your children with asset protection strategy

  • Learn directly from Tim Berry at the next Epic Intensive

Recommended Resources:

  • It’s been great meeting you virtually. Would you like to meet in person? Our next live event is right around the corner! Go to for the details.
  • Need money? We have secured more than $15,000,000 of funding for the Epic community, people just like you. Get access to fast cash for your real estate investing business with our “one-of-a-kind” credit-based funding program at
  • Need time? Work on your business rather than in your business by leveraging the time of others.  Access free information and find real estate-trained virtual assistants to help you free up your time.  Learn more at
  • Need training? The ultimate training environment for real estate investors: Version 3.0 of The Epic Pro Academy!  New look, new lessons & new content – we’ve got everything you need to know to get your first paycheck!
  • Need someone to do it all for you? If you’re an Accredited Investor, you can diversify your portfolio by hitching your wagon to our train and share in the profits. Go to to download the executive summary.


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how to protect your assets


Matt Theriault: Hey. Matt here. It’s Tuesday, and as you know – as you’re starting to learn – Monday, we show you how to make money. Tuesday, we show you how to keep it. And today, we are going to show you, actually, how to keep your assets as well.

Think of your real estate investing as a business because it IS a business, and that makes it an asset. You want to protect that just in the same way that you would protect your properties.

My idea for this show was to level the playing field for the average person so they have the same advantages as the wealthiest people in our country.

And, as Tim puts it, stick right here because he’s going to tilt that playing field in your favor, and today is no different. Tim is going to share something with you today that most people have no idea that they could do: how to protect your assets and how to protect them for life, and I’m talking about your business.

Regarding all the stuff that Tim talks about and that you’re going to continue to hear him talk about, there are nuances that are slightly different or are going to impact each person a little bit differently just based on their current situation. And that’s why I’ve asked him to come out to the Epic Intensive to meet you, so he can address those individual questions for your situation.

If you haven’t got your ticket yet, please go to There’s not many left. They’re going really, really fast, especially since word got out that Tim was going to be there. Go to, and we will see you there. Otherwise, enjoy the show. Or both.

Speaker 2: This is Theriault Media.

Did you know that up to 50% of your lifetime income will be wiped out by taxes? What if you could stop this madness? Isn’t it about time you play on a level playing field with the wealthiest 1%?

Now, you can. Tim Berry, attorney-at-law, shares here each and every week current tactics and strategies that anyone can implement to hack the tax code, protect your assets, and keep what’s rightfully yours. It’s time for Tax Hacker Tuesday.

Bernie Garland: We’re gonna cover something, and I’m gonna have to speak very quickly because there’s a lot to cover. Tim, let me lay the groundwork today.

Tim Berry: Sure.

Bernie: The Supreme Court, in a unanimous decision, indicated that IRAs – inherited IRAs – are not protected, let’s say, under the Bankruptcy Code, etc. So what you have is you have mom and dads that are making lots of money and put IRAs together, and their children may be not doing as well as they, and the money could be gone, poof. Okay?

Now, a lot of times, what we say is, let’s develop a trust so that Mom and Dad can get the trust set up so they can control of the distributions for the children.

But you know what? I started thinking about something. What about … Oh, that’s great with IRAs, but what about a business? What about Mom and Dad working their business and they want to pass it onto the children? Is there a way to use trusts like we use trusts to do the IRA protection? Is there a way to use a trust for a business to protect what Mom and Dad worked so hard on for so long, and to make sure that it’s insulated for the children?

Tim: Would that make you happy?

Bernie: That makes me happy if you can tell the people how to do that.

Tim: Yeah, absolutely, and here is the thing.

Yesterday, I was gone. I went up to the Bay Area. I was hanging out with some people in Silicon Valley, listening to all the various Valley-speak. It’s funny how they talk up there.

And I visited somebody who has a big old warehouse, and inside the warehouse, they have about 30 separate little offices, and he says each one of these offices is a brand new startup company. They’re a little incubator there. And what was going through my mind is the legal aspects is the people probably have their heart, their soul, their life saving inside these brand new startups. And now, if one lawsuit comes around, that could take away their life savings.

So, as Bernie said, the smart thing to do to give people asset protection for their business, to give them asset protection for life, for this massive asset – because these things can spring to be hundreds of millions, if not a billion dollars or so – is what they should do is, in the very beginning, place that business inside of a trust.

Now, they can still get paid their salary. They can still get their perks, their benefits, all that other good stuff. But if they get hit with a lawsuit, the business is protected, and the same thing with the current business. If they already have the business up and running, no big deal. We can either sell it to the trust or we can transfer it into the trust, depending upon the situation.

But there are ways, Bernie, how we can create a trust, give it asset protection, so it’s protected for life. It’s protected for Mom and Dad’s life. It’s protected for the kids’ lives. It’s protected for the grandkids’ lives. It’s protected almost forever. And so now, if they run into creditor issues, if they run into IRS issues, it’s protected for life.

Bernie: The reason why I brought this up as a subject matter is that you and I have been doing lectures and everything across the United States for many, many years, and we talk about these things. The more I interview clients that have had other people giving them advice and everything, the concept of setting the business up through a trust never come support.

Tim: Never.

Bernie: It never comes up. And I’m sitting there, and all of a sudden, the light went on, and I’m saying… Because of an interview I had with somebody the other day, and I’m sitting there going, “Wait a minute.” Why don’t we talk about that because this is something that most people do not understand, and one would say, “You can’t put a business in a trust. Nobody says you can do that.” Well, the answer is, yes, you can, but people don’t know you can; therefore, they don’t talk about it. Is that a correct statement?

Tim: Absolutely, and you just hit it on the head. People don’t know you can, and they don’t talk about it. And also for a lot of the professional advisors, they are not aware of it, and they might think it’s beneath them, or they think it’s uncouth to do such a thing.

Bernie: Right.

Tim: And in my opinion, whenever on a daily basis I see people in trouble and if they would have just had that business in a trust to begin with, there would have been no trouble. I think, “You know what?” And I don’t want to use the line, “It’s borderline malpractice not to do this.” Every attorney says that garbage.

Bernie: Right, right.

Tim: But it’s going to give a lot of peace of mind to a lot of people. If you have your business, if you have your financial affairs done within a trust as opposed to within your personal name, because the cardinal rule of asset protection and collections work is if somebody owns it, you can take it away. Whereas, if it’s inside of a trust, there is no true owner. The trust owns it, so it really can’t be taken away.

Bernie: Protect your business. Protect your children. Protect your assets.

In movie land, unless you have something else, I think that’s a wrap.

Tim: A rose is a rose by any other name, so that is a wrap.

Bernie: A rose by any other name still thinks.

Anyway, this is Bernie Garland and Tim Berry. We’ll see you next time. Bye bye, everybody.

Tim: Bye.

Speaker 2: That’s it for today as we dream of a tax system that works just for you. But until then, you have Tim Berry. See you next Tuesday for another episode of Tax Hacker Tuesday.