September 2017

OK, trick headline. It really doesn’t make sense to never have life insurance. But it appears a good chunk of our country’s populace believe that headline as ownership of individual life insurance in the U.S. has hit a 50 year low according to recent studies by LIMRA, a global firm that provides research to insurance and financial services companies.

It’s estimated that over 56 percent of U.S. households DO NOT have individual life insurance policies and that gaping hole is mostly among households with children 18 and under, which arguably have the greatest need for a life estate. This percent represents some 11 million families plus that have no life insurance coverage.

And sure, some companies offer their employee’s life insurance coverage as part of the employee benefit package. And yes, it can be an inexpensive and hassle-free way to get coverage but let’s face it. It’s very limited and is normally designed to only replace an employee’s first year or two at work and typically never meets that employee’s family life needs. And of course if that employee leaves the job (as most do), his or her life insurance coverage ends. This very well leaves them zero life estate at a time when it might be harder to qualify for an individual policy due to age or changes in health.

“Life insurance isnt’ for those who die. It’s for those who live,” says the Life and Health Insurance for Education (LHIE). “You’ll never meet with a widow or widower who complains that their spouse had too much life insurance.” “An alarming number of American singles and families are not taking steps to protect themselves because they’re either confused about how to go about it, or have misconceptions about how much life insurance they need and what it costs. “Life insurance prices have come down over the past 25 to 30 years,” says LHIE, “because people are living longer.”

To figure out how much life insurance, you need to think through the worse-case scenario. If you died tomorrow, what does your family’s week, months and years ahead look like financially? Would they have the money to pay for your final expenses (e.g., funeral costs, medical bills, taxes, debts, lawyers’ fees, etc.)? How would your spouse or partner meet ongoing living expenses like the rent or mortgage, children, food, clothing, transporation or healthcare?  Without your contribution to the household, would your partner or spouse be able to save enough money to put the kids through school, college or retire comfortably? Most life survivor’s are forced to get a job or a second one not because they wanted to but because they had to. Worse later in life. insurance3

So, life insurance is something we ALL need, typically more than less. The real problem is if people can’t currently live within their means, how can they ever expect to make it with the unexpected death of  a primary breadwinner? Let’s face it, when you lose a spouse or partner, there’s enough to deal with without throwing in more financial drama and hardship. As a single parent, you’re the sole caregiver, breadwinner, cook, chauffeur, therapist and so much more. Yet nearly four in ten single parents have NO life insurance whatsoever, and many with coverage say they need much more than they have.

And if you’re retired, depending upon the size of your estate, your heirs could be hit with a large estate tax payment (up to 50% or more of your estate). The proceeds of a life insurance policy are typically payable immediately, allowing heirs to arrange for estate  taxes, funeral costs and other debts without having to liquidate assets or if no assets sponsor a series of family car washes to pay for your funeral or cremation (yes, I’ve actually witnessed that as well)!

Most singles rationalize they don’t need life insurance because no one depends on them financially. Until it dawns on them that they may wind up being the sole financial support for aging parents or siblings. Others may be carrying significant debt they they wouldn’t want to pass on to family members who survive them.insurance4

How much life insurance is enough? The rule of thumb is a life estate should equal 8 to 10 times your income. But there are a bunch more factors to consider like age, health, mortgage, children, heirs, etc. And the truth is life insurance doesn’t have to cost alot. If you’d like a quality referral and ‘no pressure’ discount review of an exisiting policy with a licensed life coach, drop me a line at You’ll thank me later!

I’m Gus Fernandez and I’m fiercely dedicated to saving and making you money!

Gus Fernandez, a/k/a the Wealth Doc

























Please be sure to read our disclaimer prior to acting on any information you find on this website There is never any substitute for personalized professional advice.


August 2017

According to the U.S. Census Bureau, in the U.S. only 6% now have a net worth of over $100,000.  RichDog

New lawsuits are filed every 17 seconds says the U.S. Bar Association. So what’s the big deal about protecting your assets from creditors and lawsuits in the first place? Many asset protection attorneys (I’m not one) use the example of Elvis, who died with $300 million in assets, but no will, trust or protection–eventually his sole surviving heir (his daughter received only 10% or $30 million). The rest was lost to attorneys and lawsuits (surpirse). Compare Elvis with Nelson Bunker Hunt, who died with $2 billion in assets that he passed along to his heirs, but nothing in his name except an old pickup truck. He was well protected. Think about that, he only owned a pickup in his name, but controlled $2 billion in assets!


The following is a layman and small business person’s approach to asset protection. I’m not an attorney or dispensing legal advice so if you’re in need, seek one out. Just make certain that they are versed and immersed in the topic with loads of clients and testimonials (the only lawyer’s we ever refer). To the meat. 

j0309599First off, what in the heck do we mean when we say ‘assets’?

The term ‘assets’ refers to just about anything you own or have an equity stake in. A simple fact of ownership is that if you have something worth getting, there is going to be the chance that someone will try to take it from you. The direct amount of risk to you in protecting your assets from creditors and lawsuits depends on their value and your particulars. A net worth of $100,000 is less vulnerable than a multi-million dollar plus portfolio. A celebrity, public figure or a physician may need a more complicated plan than a lower profile ‘Joe lunchbucket’ type.

Here are a few insider tips garnered from seasoned strategists that will benefit any protection plan to safeguard your assets from creditors and lawsuits. Remember, everything here is purely from a business perspective–we’re not attorneys or ever profess to be–so please, only and always seek competent legal advice. Meanwhile, here are some points to consider in any gameplan.

1~ KEEP YOUR NOSE CLEAN. The first line of defense is to take steps to reduce the chances of someone having a reason to sue you. For example, when you own rental property, your tenant most likely doesn’t own a home or have substantial assets. So, when someone is injured in your tenant’s residence, the deepest pocket (maybe the ONLY pocket) most likely will be yours. Your strategy: Don’t give anyone a reason to sue you in the first place!

2~ BUILD A READY RESERVE OF TALENTED ADVISORS. A vital part of business and real estate is being able to make a decision and close the deal quickly. This is exactly why some investors get into costly battles. None of us have the time to do every bit of research necessary or check out the consequences of each move. When a crisis arises, having a phone number and point person at your finger tips for immediate advice is a key part of protecting your assets from creditors and lawsuits (and taming your sanity).

By the way, we’ve got you covered with an around the clock nationwide non-commissioned staff of professional wealth specialists ready to answer all your financial questions, plus map out a comprehensive strategy for success should you be in the market. Simply shoot us an email at and we’ll put you in touch with a pro. Real estate investors, small business people and non-profits alike find our seasoned coaching Power Team–an invaluable and affordable one stop resource.

3~ GET IT OUT OF YOUR NAME Utilizing legitimate asset protection tools such as Corporations and Limited Liability Companies (LLC) allow you to ‘CONTROL’ your assets without actually ‘OWNING’ them. Transferring your real estate properties into another entity creates another ‘layer’ of protection between you and the public and makes it tougher to get you into court. Think of it as a ‘firewall’ for your finances.

Again, our Wealth Benefit Team, can do much of the research to help you find the right entity fit. Drop us a note for specifics.

4~ PREPARE FOR THE WORST – ACTIVATE YOUR PLAN BEFORE THE FIRST SIGN OF TROUBLE. ‘WHEN’ you do it is just as important as ‘WHAT’ you do. For example, to bulletproof your assets from litigators, you need to structure your purchases (property, education, equipment, travel, etc.) and how you hold them (personal, business, living trusts, LLC’s, corporations, etc.) in specific ways, always legal and above board. Another reason to only seek competent legal advice. You have to have these protections in place BEFORE there’s ever signs of trouble.

5~ ALWAYS AVOID FRAUDULENT TRANSFERS OR ANYTHING THAT SIMPLY SOUNDS TO GOOD TO BE TRUE. Again, IF someone makes it past your other layers of protection and gets you into court ”The exact date a property is transferred into another name is a vital key to your defense. For example, suppose you have all your properties in your name. You get into a sticky situation and someone threatens to sue you. Flight response is you ‘THEN’ run out and transfer all your assets into an LLC or to a family member. Wrong play. If you do end up in court, a judge would most likely view that as a fraudulent transfer or so the attorneys tell us.

tiger poisedSimply put, predators are lurking. If it looks like you transferred the asset just to keep someone from collecting against it, the asset most likely will revert back to being held in your name. Ultimately, any rock solid plan in protecting your assets from creditors and lawsuits is always an extension of a competent estate plan.

6~ START WITH THE BASICS.  Minimally start an LLC as you draw your financial ‘line in the sand’.  You’re right, it’s not the most sophisticated tool in your arsenal, but it’s a starting point to prime the entity pump and at least get yourself pointed in the right direction.

If you’re feeling a bit in over your head or if you’re simply interested in a top legal eagle who will do the ‘heavy lifting’ for you, we’ve got a point person in mind. Drop us a note at and we’ll send you a referral or two of the top asset protection attorneys in the country, someone we trust with an impeccable track record.


How To Make MoneySpeaking of protection, if you are ambitious and interested in joining a nationwide team of A-listers offering financial products that in turn will raise your game and significantly impact others lives, drop me a line IMMEDIATELY to Especially if you are a licensed life agent or willing to get your license. We have more leads than agents (NO COLD CALLING) and are hiring right now nationwide!

Discover how to earn $50,000 to $100,000+ a year and more full or part time ensuring secure futures for individuals and families.  We’ve already helped hundreds of people transition into this rewarding career…and we want to help YOU get started in as little as 7 days. Best part: NO previous experience or education is required…and we’ll train you for FREE!  And again, NO COLD CALLING or badgering family and friends. Fast pay, no quotas. More exclusive leads than agents!  AND A+ carriers to boot!

Go to:, watch the quick clip and fill out the form and/or drop me a line at (serious inquires ONLY) for more info. The fortune is always in the follow up and follow through. That’s one of the key traits we look for as to who makes the cut.

I’m Gus Fernandez and I’m fiercely dedicated to multiplying your savings and earnings!

Gus Fernandez, aka the Wealth Doc

Please be sure to read our disclaimer prior to acting on any information you find on this website There is never any substitute for personalized professional advice.


Never Run Out of Money at Retirement! Winning the Tax Lien Game by Author and Keynote Speaker Gus Fernandez

June 15, 2017

June 2017          Yes, the rules can be complicated, but if you invest the time and money to play, TLC’s (tax lien certificates) can spell phenomenal returns on your dollar and ultimately winning the tax lien game. As a youngster, I spent countless hours in dusty and cold courthouse chairs watching my […]

Read the full article →