Unfortunately, we live in a society that’s home to 94% of the world’s lawsuits. One out of every three doctors has been hit with a lawsuit. (Be especially thankful you’re not an obstetrician – a recent study showed that 80% of them have been sued.)

Many people don’t understand just how much is at risk in the event of a lawsuit. According to Michael L. Potter, Esq., and Stanley R. Joseph, president of C & S Marketing Group, everything in which you have an ownership interest is in danger. This could include:

• your home
• the value of your business, including patents, trademarks and accounts
• your Individual Retirement Account (IRA)
• any savings, investments or property

Given the disturbing odds of being sued, Potter and Joseph recommend shielding your assets as much as the law will allow.