Asset Protection w/ Nominee Officers Part 2

Another way to effectively utilize Nominee Officers in asset protection is to use the Nominee Officer on the account that has your brokerage account. This company should do nothing other then maintain your brokerage account. The main reason for this is because if it does nothing other then maintain the brokerage account then it stands a very little chance of being sued for anything. It is hard to sue someone or a company if it has done absolutely nothing. The reason for the Nominee Officer is to protect the identity of the true owner.