How to Protect Your Assets From Lawsuits Part I
The major risk to assets that Lodmell & Lodmell has fought against is the risk that legal claims pose to assets. It's been our focus for a very long time, and we are very good at protecting against legal risk. We began with the simple question of how to protect…
How To Open An Offshore Trust & Other Asset Protection Questions Answered
Frequently Asked Questions About Offshore Trusts and Asset Protection Are offshore trusts legal? Absolutely. Generally speaking, trusts are some of the oldest legal tools in existence. They have been around for centuries, and courts have repeatedly upheld them as a legal method for protecting wealth and assets and, eventually, passing…
It’s Never Too Early And OFTEN TOO LATE For Asset Protection
Asset protection works. If you have assets, it most certainly makes sense that you consider devising an asset protection strategy and implementing an asset protection plan as soon as possible. Why the urgency, you might ask. The answer has everything to do with the way the laws are written, and…
When Fraudulent Transfers are of No Value – Advanced Asset Protection
Let's think about fraudulent transfers in a different way, just for a moment. Consider the example of Doc Holliday, a dentist who has recently lost a malpractice suit (but really it can be any type of person who has lost any type of claim--even a personal injury claim arising from…
Asset Protection in Financially Unsafe Times
If questions about asset protection in financially unsafe times are on your mind, you're not alone. In addition to wondering "how do I protect my assets from lawsuits?" one primary area of concern has been the preservation of purchasing power in uncertain economic times, because there are additional risks to…
Asset Protection and The Rise of New Legal Strategies
Many of our clients have questions about strategic default and the consequences that can follow from defaulting on a mortgage that is "underwater." When the value of the real estate that is security for a loan falls below the amount due on the loan, the mortgage is said to be…
529 Plans: Protecting Assets While Saving for College
Our first article on college 529 plans and asset protection generated a lot of questions that we're going to address in a series of articles. College 529 savings plans were created by an amendment to the Internal Revenue Code in 1996. These plans can be operated by states or by…
Post-Judgement Discovery – Creditor Want To See Your Assets
If a creditor successfully obtains a judgement against a debtor, the next step in the legal process is for post-judgment discovery to occur. This is also sometimes referred to as discovery in aid of execution, and it is through this process that creditors typically get a glimpse of the assets…