Don’t Let Anyone Try a Stella on You
Forget the Oscars and the Emmys. You see histrionics of a higher caliber by the winners of the annual Stella awards. The Stella Awards are handed out to the most absurd, ridiculous and frivolous lawsuits of the year. The last year for which the Stella awards were handed out was…
Insurers Feel Pinch as Number of Dog Bite Claims Increase
If you own a pit bull, possess insurance and are confident about being protected from liability in the event of a bite involving your pet, it may be time to wake up and smell the coffee. Insurance companies have reported an increase in the number of dog bite claims filed…
Nevis Asset Protection Offshore
The tiny Caribbean island of Nevis has emerged as a highly attractive jurisdiction for offshore asset protection since the mid-1980s. In 1984, the Nevis government enacted the Nevis Business Corporation Ordinance, promoting itself as a safe asset protection haven. It has also become quite popular as a combination tool with…
Why Medical Malpractice Insurance May Not Protect You
Doctors, including surgeons and physicians are some of the most targeted groups for litigation in the sue-happy US. Fortunately, several states have enacted caps on medical malpractice damages that severely restrict the amount that a plaintiff may recover. However, it's still far too common to have seven and eight-figure awards…
The Three Words Retailers Dread
“Slip and fall” - those three words are not just every retailer's nightmare, but they're also seen by many people looking to make a quick buck as the fastest way to get a retailer, or for that matter any other company, to pay out. Slip and fall accident lawsuits are…
You Don’t Know what you Don’t Know
I want to share something with you that I have found as perhaps one of the most valuable concepts I have ever encountered. The amazing thing is that it is so simple and so obvious that once you see it I will immediately make sense. The pie chart below represents…
Belize for Offshore Asset Protection Trusts
There's more to Belize than the Barrier Reef and Mayan ruins. This country formerly known as the British Honduras, has aggressively promoted its offshore financial services sectors, including asset protection trusts. Advantage of Protection in Belize There are several advantages to setting up an offshore asset protection trust in Belize.…
How Does a Charging Order Impact Your FLP?
The Family Liability Partnership can be a good strategy for asset protection when an individual's worth is equal to or below $250,000. However, there may be ways through which a creditor or plaintiff may try to get access to the assets even through a Family Liability Partnership. A creditor may…