[Provo, June 29, 2015] - McCullough Sparks, a Utah-based asset protection lawyers, offers 541 Trust® that provides effective equity stripping strategies for individuals who wants strong asset protection.

The Use of 541 Trust®

Whether an individual has millions or thousands worth of assets, gaining asset protection plan is helpful in safeguarding any amount of wealth. McCullough Sparks explains that liability can arise for anyone. It could be a business and property owner, retiree, professional practitioner or someone who has accumulated equity in different investments.

The risk of liability might come from being sued for professional malpractice, operating a business, suffering from economic recessions, and engaging in bankruptcy to name a few. The key is to assess specific situations and determine how to protect against those risks. That is where effective planning with equity stripping strategy comes in.

Strategic Equity Stripping

Many providers talk about equity stripping, but these plans fail to protect the majority of the equity as the lien is based on a minimal loan or a line of credit. McCullough Sparks has a better equity stripping strategy protecting the entire value of the asset at all times.

The 541 Trust® provides the best asset protection for clients on top of its maximum flexibility. It is proven by generations of legal precedent to work better than offshore trusts or those, which transfer offshore trusts at the first sign of duress, domestic asset protection trusts (DAPTS), family limited partnerships (FLPs), and other plans.

All of these other strategies have a history of court cases exposing their flaws. While promoters of offshore trusts claim that the foreign jurisdiction does not respect US Court judgments, these promoters fail to say that the US Courts have still been able to attack them successfully.

The team of McCullough Sparks has carefully researched generations of legal precedent in the US to find what has always worked and they designed their 541 Trust accordingly. Clients may consult the team to assess their asset protection needs.

About McCullough Sparks

McCullough Sparks is a firm that uses a proven asset protection strategy. Their trusts have survived challenges in bankruptcies, lawsuits, and IRS audits. Their strategies are built upon generations of legal precedent that digress from the plans promoted by other providers.

For more information, interested clients may visit their website at AssetProtectionAtty.com.