Use of Spousal QTIP Trusts For Asset Protection Planning
In July of 2010 the Florida Legislature made asset protection planning a whole lot easier for married couples in Florida. Florida Statute section 736.0505(3) clarifies a previously unresolved issue: Whether assets contributed by one spouse (“settlor”) to an inter vivos QTIP trust for the benefit of the other spouse (“beneficiary”)…
Municipal Bonds! (Again)
On December 12, 2010, now over a month ago, I posted an interview with Peter Campbell on my mind of money show. On that show I asked Peter to give me his take on Municipal Bonds. This interview turned into a serious warning to consider your bond positions carefully. This…
What OJ Simpson Can Teach Us About Domestic Asset Protection
OJ Simpson made mistakes in a lot of areas. Having a great asset protection plan in place was not one of those areas. In fact, OJ played the asset protection aspect of his life to near perfection, without the use of offshore trusts, and we can all learn a little…
Complying With Laws That Provide Asset Protection
You business can be your greatest asset or it can be your greatest liability, depending on how you manage it from an administrative perspective. Despite the fact that judges can and often do disregard the corporate veil, there are specific actions you can take to ensure that you’re taking full…
Why Offshore Asset Protection Is More Important Than Ever
We wrote previously about Olmstead v. FTC and its possible effect on asset protection plans. This article is an in depth look at the Olmstead decision itself, the reasoning employed by the Justices of the Florida Supreme Court, and the dangers of using only domestic asset protection planning as opposed…
How Are Asset Protection Services Different From Estate Planning?
No matter how much or what you own, it is important to protect from lawsuits any assets or estates, especially if you plan to leave them to heirs. Not only do you need to know what to protect, you need to know how to protect it. Asset protection planning is…
Are Offshore Asset Protection Programs Legal?
We sometimes come across clients who are under the false assumption that any program that has the term “offshore” attached to it, must automatically have something to do with illegal money laundering. That is not the case at all. An offshore asset protection trust is simply a well-established trust that…
Do I Need a Local Asset Protection Attorney?
As asset protection attorneys, we deal with clients from around the country. In fact, one question that we notice clients struggling with, is whether it is necessary that they seek the services of a qualified local asset protection lawyer. The answer to that is no. It is not necessary that…