CASE STUDY
Car Accidents
How you can lose everything in an Instant!
ACCIDENTS DO HAPPEN!
Boy, do they ever! A car accident occurs every 30 seconds. Injury claims are on the rise and can devastate your finances for a lifetime. February 27, 2014 saw one of the largest vehicle pile-ups in Canadian history when a snow squall caused a dangerous white-out on HWY400!
The numbers of diverse and unpredictable drivers hitting the road are growing exponentially each year...-and as any environmental report will prove, they are all driving in increasingly unpredictable weather, on increasingly aging and unkempt road networks.
By 2029, 20% of the North American population will be age 65+, retiring and hitting the highways in exploration. At the same time more teen drivers, subsidized by debt-addled parents are also hitting the roads in their own vehicles or those of relatives.
"Canadians log more miles behind the wheel per capita than all but three other countries – the U.S., Australia and Luxembourg. The majority of those miles are logged in urban rather than rural areas."
.http://www.forbes.com/2008/07/30/energy-europe-automobiles-biz-energy-cx_wp_0730cars.html
Car Accidents
In North America and many countries globally, we are required to carry liability insurance on our vehicles to cover loss and injury to third party victims of accidents which we might cause while driving. Most people carry only $1 Million in such liability insurance. What they don't realize is that injury settlements are often much higher than that, particularly in the case of paralysis to another person.
The typical injury claim for causing these conditions:
Paraplegia: $4.2 million
Quadriplegia: $12.5 million.
Your insurance company is only required to pay out to the extent of your coverage, leaving YOU to come up with the balance. Everyday people lose their entire life savings, and their future earnings are garnisheed to settle car accident injury claims. DON'T be a financial victim of a car accident you caused.
Protect yourself in advance with the STS program. Remember, if YOU don't OWN anything in your own name, then NOTHING can be taken from YOU. The STS program protects your financial equity while leaving legal title to your automobile outside the trust strategy. In lawsuits, legal title gets sued; equitable title cannot be sued and is protected within this strategy.
Learn the secrets of the ultra-rich and protect yourself with the same strategies they use every day.
DON'T DELAY - PROTECT TODAY!
CASE STUDY: - The Chappaquiddick Incident July 18, 1969: Mary Jo Kopechne drowns in Senator Ted Kennedy's car after the apparently inebriated pair drove off a bridge.
The Chappaquiddick incident involved the death of Mary Jo Kopechne, a young colleague of U.S. Senator Edward M. "Ted" Kennedy, who died in suspicious and unfortunate circumstances in a tidal channel on Chappaquiddick Island, Massachusetts on July 18, 1969.
According to his own testimony, Kennedy accidentally drove his car off a bridge and into the channel, before swimming free, leaving the scene, and not reporting the accident for nine hours.
Meanwhile, Kopechne unable to escape, died in the car through drowning or suffocation. The next day, Kopechne's body and the car were finally recovered. Kennedy pleaded guilty to a charge of leaving the scene of an accident after causing injury and later received a two-month suspended jail sentence. The ensuing national scandal is widely believed to have influenced Kennedy's change of heart to campaign for the office of President of the United States during both the 1972 and 1976 elections.
The official story is that the Kopechne family did not bring any legal action against Senator Kennedy, but only received a payment of $90,904 from the Senator personally and $50,000 from his insurance company. The Kopechnes later explained their decision against taking legal action by saying, "we figured that people would think we were looking for blood money."
Later, a very different story emerged. The grieving Kopechne family had originally attempted to bring a wrongful death suit against Ted Kennedy for $10.5 Million. When their respective lawyers met for discovery, they learned that Mr. Kennedy had previously pledged all of his assets to a private trust and he no longer owned anything in his own name. Further, he had pledged his $250,000/yr salary to the private trust (a separate legal entity) which the Kennedy Family ultimately controlled. In essence, Mr. Kennedy had an earlier version of the very asset protection strategy we make available for ordinary people today.
Learn the secrets of the ultra-rich and protect yourself with the same strategies they use every day.