Preserving Major Assets for Future Generations

Just as many camps are celebrating their 100th anniversaries with growing equity in real estate and capital fund/endowment accounts, our industry is also facing the consequences of a legal system spun out of control. With nearly 70,000 lawsuits filed every day in American courts, juries are awarding judgments for amounts that were unheard of a decade ago. These unprecedented awards often are based on legal theories that were also unheard of even a decade ago. These, in turn, are forcing many business owners into costly out-of court-settlements just to avoid the cost of defending a lawsuit.