Lawsuit Protection Part III: A Judgment Proof Portfolio
In the first two articles of this series we discussed what it means to be judgment proof, what it means to have assets, and how certain classes of assets are judgment proof by default. But we are still missing something very important: How can we "judgment proof" unprotected classes of…
Lawsuit Protection Part II: Assets That Don’t Need Protection
In Lawsuit Protection Part I, we discussed the advantages of being judgment proof. The main advantage of being judgment proof is that aggressive attorneys will not generally pursue judgment proof people or businesses, because there is no financial upside. That article can be summed up as follows: Judgment proof people…
Lawsuit Protection Part I: Advantages of Being Judgment Proof
In this three part series of articles we are going to discuss ways to immunize wealth and assets from lawsuits. Part I (this article) will discuss the concept of being "judgment proof." Part II will delve into the concept assets that need to be protected. And Part III will broadly…
Considering a Strategic Default on Your Mortgage? Don’t Feel Guilty!
As an Asset Protection Attorney, I've worked with many, clients considering a strategic default on their mortgage. So many are looking for advice on how to best handle real estate that is now underwater. Strategic Default vs. Moral Obligations Besides understanding the consequences, one of things we speak about about is…
Ethical Considerations of Asset Protection Services
What Does An Asset Protection Attorney Do?
Our legal system is a victim. Just like many others, the legal industry has become profit focused. Today lawyers are more "about" money than they are about doing good. Lawyers are more interested in making money and attracting new clients than they are about making the world a better place…
The Essence of Asset Protection: Risk Management
Control of Assets Held in an Offshore Trust
One major concern for people considering offshore trusts as a protection mechanism is control. Control of the assets. Giving one's assets to a trustee who is expressly prevented from returning those assets by the express language of the governing trust documents can be scary, to say the least. The rub is that…