Asset protection is a process by which persons try to protect their assets from seizure by plaintiffs or creditors. These two words have become even more important during a recession, when the need to protect and preserve your wealth from…
The biggest myth that asset protection lawyers come across is that only the super wealthy need to protect their wealth. Nothing could be further from the truth. A disgruntled employee who wants to make a quick buck at your expense…
It’s not the sort of thing that you want to think about. But as a new survey shows, you definitely should look at preparing for it. We’re talking about medical malpractice lawsuits and the findings of a new survey just…
A Self Settled Spendthrift Trust is also called an asset protection trust. Simply put, in a trust like this, the Settler or Grantor is also the Beneficiary of the Trust. These trusts are therefore established for the benefit of the…
Recently I made the unreasonable request to my clients to drop everything and show up in Miami with less than a month of notice to my first ever client Workshop and Mastermind Seminar. I limited participation to 30 spots, and…
There is offshore asset protection and then there is Cook Islands offshore asset protection. There are few offshore asset protection trusts that can offer you the kind of security and reliability than those set up within the jurisdiction of Cook…
A bad economy has meant more numbers of people being laid off work, and unfortunately, turning their guns on their employers. The Equal Employment Commission has reported a substantial increase in age discrimination claims filed in 2009. In fact, the…
Asset Protection Beyond just Protecting from Lawsuits Over the past year I have been getting at least as many questions about protecting the "value" of the assets of my clients as I have in protecting the assets themselves. And this…
Earlier this year, the New York Times discussed the value of Family Limited Partnerships to keep assets in the family, and how these strategies could be used or misused. The advice in the piece goes well with what asset protection…
The role of the trustee in your asset protection trust can't be overstated. It's not just when things are going good that you will appreciate having a reliable trustee. However, when things begin to look bad, you will really appreciate…