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The biggest myth that asset protection lawyers come across is that only the super wealthy need to protect their wealth. Nothing could be further from the truth. A disgruntled employee who wants to make a quick buck at your expense doesn’t care how much you’re worth-he only wants to get you for all you are worth. The same goes for someone injured in your grocery store, or in your home. You don’t have to be a megamillionaire to have a lawsuit filed against you. But you will need to be a millionaire to be able to sustain and survive the kind of financial impact these losses can have.

Let’s put it this way. A person with a net worth of $50 million is not likely to be affected much by a verdict of $1 million against him. However, for a person who is worth just about $1 million, an award like this could be catastrophic. Even if you’re covered by insurance coverage, there is only so much that your insurer will pay out, and you could literally be left out in the cold when it comes to paying out the rest of the damages. Every year, the consequences of unnecessary and unwanted litigation drive thousands of Americans into bankruptcy.

The bottom line is that whether you are a doctor midway through his career, a small-business owner, or any other professional, you’re still at risk from plaintiffs and creditors. Besides, asset protection is also necessary in case of a divorce to prevent division of assets that can severely compromise your financial situation. Asset protection therefore, is just right for you. Obviously, the exact same kind of asset protection plan will not be valid for every person in every situation, which is where an asset protection lawyer or consultant can help you.

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Pashmina Lalchandani

CEO & Co-Founder, Bar & Cocoa / Owner, Flow Simple
December 9, 2010, Douglass was a client of Pashmina’s

I’ve known Doug in many contexts, as a friend, as a client and as a business partner and he impresses me on all levels. He’s dependable, smart, generous and I wouldn’t hesitate recommending him and his law firm to anyone.
He’s the best and most ethical lawyers providing asset protection with rock solid strategies to give you peace of mind about your wealth. Straight forward, and straight talk. Doug is exactly the lawyer I want on my side. If I send someone to Doug, I know they’ll thank me for it!

Social & Solar Entrepreneur, Pan Afrikan Theorist, Translator/Interpreter,
Founder & Visionary Leader @ Afrikanpride.
March 12, 2011, Marlon E. D. J. worked with Douglass but at different companies

Doug is one of the most powerful thinker i have came across. During the short time that i have known Doug he has been a great source of inspiration. He has a simplistic yet effective and accurate way to analyze anything you bring to his attention, and then by asking you key questions he gets you to see the light at the end of the tunnel. Besides being extremely bright, he is a genuine and caring individual which is why I feel fortunate to know him. I can say without a doubt that he his the person you would want to talk to if you were in need of a person with his expertise.
Most of the lawyers out there will probably meet your needs, but if you are looking for someone to exceed your expectations and give you that wow factor, look no more he is the person for the job.

Patricia Salter

Associate Dentist at Smileology
December 1, 2010, Patricia was a client of Douglass’

I have been a client of Douglas Lodmell’s since 2001. My main concern was asset protection in this litigious society. I can sleep alot better at night knowing I have the instruments in place to protect the fruits of my labor, and that they will not end up in the hands of a slick trial attorney.

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