


	Chelsea Cagle

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	Protecting Assets

	Bob and Wendy were in business together. They had created a company that was nicely profitable over the years. Because of the economy, they had cut costs and built up over $600,000 of cash which they kept in the business, not because they needed it, but more as a financial cushion. One day they received a call saying that one of their company drivers had run a red light and hit another car. The driver of this other vehicle died. In addition to the emotional shock and heartbreak, they learned shortly thereafter that the company had been named as a defendant in a wrongful death lawsuit.

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