Home > Services > Domestic Wealth Planning > Personal Residence Protection > Exploring Equity Stripping or Equity Harvesting to Protect the Home

Exploring Equity Stripping or Equity Harvesting to Protect the Home

Creditors and litigators look for deep pockets!

CREDITORS AND DEBTORS WANT YOU, YOUR HOME AND YOUR BANK ACCOUNT!

Why is this? These assets are the most visible and easiest to attach or lien against. We use our bank accounts through our companies, our employment and our lifestyles leaving traces everywhere and as far as our home goes, you pull into the driveway every night. We leave a roadmap of our daily lives for creditors and litigators. Your home is the most visible. These assets are on the front page of your life. So, what can you do?

There are several ways to protect your home. In the past, having equity in your home was a badge of success and it still is. The problem is that the badge of success is easily attached to under so many circumstances that it is possible that the equity in your home could be garnished and taken from your estate. It requires a preemptive decision to protect your home. It takes some education as to your options and it is not quite as simple as just moving cash or portfolio assets into a trust. One time-tested and bullet proof way of home equity protection is to remove the equity or cash value from your home to a safer place. It is almost as if you have your own lien against your home. You continue to live in the home and enjoy the benefits, but you place the equity into a safe harbor by “stripping” or “harvesting” it into a secure place. There are options such as Tenants by Entirety and Homestead Exemptions, however, in most states these are ineffective against the majority of cash you have invested into your home. There are other looming threats such as Medicaid and long-term health care, which should also have adequate consideration into a person’s comprehensive estate plan.

A good example would be if you live in California and you are married, you could get a $250,000.00 Homestead exemption. Take a $750,000.00 home and put a $500,000.00 home equity loan against the property and viola, you have now made your home a very unattractive asset for a creditor. Winding up on the wrong side of a court decision can be devastating and liquidating for home equity. Protecting your personal residence may be one of the most important decisions you will ever make. Another alternative may be to visit the page on this site about HEAP, the Home Equity Acceleration Plan

Equity stripping or Equity Harvesting can be a pleasant solution when properly planned. It may sound odd but putting on debt can result in great asset protection as well as great wealth transfer planning. Ideally, Equity Harvesting in its correct and intended use is a “tax favorable” investment. The tools of choice typically are life insurance since the money can grow tax-free and come out tax-free and annuities due of tax-deferred growth.

Ask one of our Global Strategic Advisors how you can use Equity Harvesting along side with HEAP to maximize you wealth protection and accumulation.

Need Assistance with Exploring Equity Stripping or Equity Harvesting to Protect the Home?

Talk Now with a Certified Live Advisor Call Toll Free (888) 435-6030 OR (212) 671-1188

...Or simply fill out the FREE form below and an Advisor will contact you immediately


First Name:	Last Name:	Occupation:


Phone #:	Email:

Advisor Protection Blogs

China Tax Roundup: Real Estate, Social Security, and Mooncakes

BY Laurence E. Lipsher - Foreign Affairs

Second Passport

BY Michael B. Nelson, Esq - Foreign Affairs

From Our Affiliates

rss feed

Domestic Wealth Planning:

Subscribe Newsletter

Wealth Preservation

JAN 01

Asset Protection Risk Analysis

Online

Take the risk analysis to find out your exposure to creditors and litigators. Isn't it worth 5 minutes to find out how much risk you really safe?

Advanced Seating - More Details

Best-Selling Strategy Guide

The Doctor's Guide to Wealth Preservation

$49.95

One attitude that cannot be tolerated in medicine is a lack of care or apathy. We feel physicians should exercise the same standard of care toward their accumulation of assets, property and wealth.

Written by the foremost expert in the country!

Physicians and their Advisors Will Gain a Practical Guide in the Following Subject Areas

►Asset Protection

►Estate Planning

►Income Tax Reduction

►Financial Planning

►Office Management

►Corporate Structure and Protection Structures

Learn how to protect your personal and business assets from disgruntled patients, creditors and divorce through the use of domestic and offshore planning tools.

Estate Planning - Learn how to avoid the most common estate planning mistakes that could cost your heirs $500,000 - $3,000,000 or more and learn how to avoid the 70-83% tax trap.

Income Tax Reduction - Learn how to reduce your income taxes by $25,000 - $200,000 annually while avoiding the tax avoidance shams in the marketplace.

Financial Planning - Learn how to protect the principal of your investments while still giving yourself the opportunity for upside growth if the stock market performs well.

Office Management - Learn several practical and easy to implement solutions that will help you run a more efficient and financially sound medical practice.

Add to Cart - More Details

Popular Courses Modules

Asset Protection Planning I

downloadable PDF Course

Asset Protection Planning Part 3 concentrates on the protection of personal residence, business acco ...

Course Details

Captive Insurance Companies

3 Weeks Course

Would you like to remove a dollar from your company, and even better, a tax deductable dollar and pu ...