With so much data being stolen, it is very likely that almost everyone reading this has their data in the hands of someone they don’t want to have it. However, “data” can mean anything from your email address to your Social Security number, so it is important to protect what counts.


Yes, if you have ever entered any personal information into a computer, or even written it down on a piece of paper, you are at risk of identity theft. Think about the following actions. The more you do (or don’t do) the higher your risk of identity theft:

  • Do you throw away credit card offers, bank statements, prescription pill labels and receipts? All these common pieces of mail should always be shredded.
  • Do you share your location or personal information on social media sites?
  • Do you use public Wi-Fi to access your private account?


Keep in mind the following steps:

File a police report and keep a copy as evidence.

File a fraud alert with the national credit bureaus Equifax, Experian and TransUnion. This is also known as a credit freeze and requires lenders to call you to verity your identity before granting credit.

Notify all financial institutions with which you do business, cancel and order new credit and debit cards, and stop payment on outstanding checks.

File your case with the Federal Trade Commission. The FTC enters all complaints into a database that is used by law enforcement.

Send creditors a copy of your ID theft report.


Asset protection involves techniques to legally shield an individual or entity’s wealth or property from adverse claims, judgements, or creditors. This is distinguishable from certain illegal tactics to protect assets, such as a fraudulent transfer. One of the key purposes of forming business entities is to separate the assets, debts and liabilities from those involved in the business or from related businesses. That way, if, for example, a suit is filed against a limited liability company, any judgment pursuant to that lawsuit would normally be limited to the assets of that limited liability company, and not the personal assets of the managers or owners of such company. Other kinds of entities, such as an irrevocable trust, can protect assets in a similar way.

It is also important to keep in mind that asset protection is a long-term strategy that should be done in advance and prior to the initiation of an adverse claim. Otherwise, the assets that were transferred from the at-risk entity to a new entity could expose the new entity to the judgement collection procedures.

Would you like a Free Analysis of your Life & Health Plans, Healthcare Plan or Long-Term Care Plan?

To Set Up Appointment today please call Karl Mollin  at

914-633-9144 or email

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