Asset Protection Market Size
To obtain the market size of people wanting to protect their assets from bankruptcy, lawsuits, divorce, IRS audits, and government actions in the US. To determine how many are able to pay the $25,000 to $40,000 upfront in legal fees for an asset protection plan: how many have liquid cash and how many have assets but no cash.
- In the United States, about 50% of marriages end up in divorce or separation.
- This is broken down to 41% of first marriages, 60% of second marriages, and 73% of third marriages that end up in divorce
Summary of our Early Findings
- Our initial research was unable to find the market size as described. Instead, we have provided overall statistics that would not be included in the next stage of the research. These foundation insights will direct the researcher into a more in-depth search.
- The next stage of research will provide 4-5 insights addressing all the requirements as outlined. In the event that one data point is not available, the analyst will provide similar/additional data points.
Proposed next steps:
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Our initial research provided insights into the three topics addressed here. We recommend continued research in providing 4-5 statistical insights into divorce in the US. These insights will address the number of people that get divorced in the U.S. each year, the number involved in child support litigation, spousal maintenance (alimony), and would be interested in protecting their assets.
Additionally, we will provide 4-5 statistical insights into lawsuits. This would provide insights into businesses in the U.S. that are involved in lawsuits, and whether they have enough cash/assets to cover the cost ($25,000 to $40,000).
Additionally, we will provide 4-5 statistical insights into bankruptcy. This would provide insights into businesses in the U.S. that are involved in a bankruptcy, and whether they have enough cash/assets to cover the lawyer cost ($25,000 to $40,000).
We will provide similar statistics for IRS audits and Government auctions.