Are You Getting Paid Appropriately?
As an asset protection attorney, my job is to help you assess and mitigate risk. In large part, my job is to help you fully comprehend where your assets are vulnerable to attack and then to advise you on strategies that can either reduce the risks or remove the assets…
Really Scary Risks to Your Assets
The scariest risks are risks that you don't even know exist. It's virtually impossible to manage risk that you can't clearly define. As an asset protection law firm, we've become pretty attuned to legal risk, and we've developed methods to eliminate or, at least, curb it significantly. The problem is…
What You Don’t Know About Investing and Risk
In a past article we discussed the concept of asset protection being, at its core, a strategy for risk management. In our last article, we talked about institutional risk, and there is one salient point that is worth reiterating: In order to manage risk, you first have to identify risk. …
New Risks to Your Assets
Lodmell & Lodmell has traditionally been an asset protection law firm dedicated to helping individuals and families protect themselves from frivolous lawsuits and other legal risks. That is still the main focus of the law firm, but in 2008 we were alerted to a number of other risks to assets. …
Strategic Default: Mortgage Deficiency Judgments and Asset Protection
More and more clients have questions about putting their assets into protective structures prior to strategically defaulting on one or more mortgages. The reason is that some lenders are beginning to file lawsuits to collect deficiency judgments. A deficiency is simply the difference between what is owed on a mortgage…
Existing Judgments and Future Asset Protection Planning
Once in a while we get a case where someone is asking about ways to protect future assets from existing judgments. The answer to this question, in short, is that if you have a judgment against you personally and the assets you're owed in the future will rightfully accrue to…
Garnishment and Asset Protection
There is no mechanism for garnishment in Texas. In short, there is simply no way to garnish wages or other types of income in Texas. The closest thing a creditor can do in Texas is try to intercept federal tax refunds, but even that is a long shot in most…
Asset Protection for Homestead “Accounts”
We've written quite a lot on the subject of asset protection homestead exemptions and the very strong protections afforded to Florida homesteads. Texas asset protection laws also afford strong protections to the homestead. One question that comes up from time to time relates to the homestead accounts. A homestead account is an…