What is an International Asset Protection Trust (IAPT)? What is a Domestic Asset Protection Trust (DAPT)? Do Special Power of Appointment Trusts (SPA) work for Asset Protection? What is a Section 541 Trust and does it work for Asset Protection?…
Having practiced in the field of Asset Protection for over 18 years, I have a very good handle on what's happening in the field. I recently returned from a conference in Denver where over 500 Estate Planning Attorneys were in…
If you have invested in creating an Asset Protection Trust for the protection of your assets then it is critical that you understand an important change that occurred in 2005 regarding the inclusion of the Trust assets in a Bankruptcy…
Every day I hear the phrase, "I have a corporation, so I am already protected." There may be no more misunderstood concept of law than that of the Corporate Veil. The concept is that the corporation provides a "veil" of…
Photo by Hugh Stickney In the past several years many, many planners have entered the field of Asset Protection. The challenge as a consumer of this service is that it is getting more and more difficult to understand your options.…
A Trust using Section 541 is designed to take advantage of Section 541 of the U.S. Bankruptcy Code. That section of the code defines what property is included and what property may be excluded from the bankruptcy estate. Here it is:…
The world of Asset Protection is confusing. The world of the Internet has only made it more so. This post is one way in which I help my clients understand how Asset Protection really works. I hope this helps you…
I have commented for years on my personal concern about the future of the $3.7 Trillion U.S. Municipal Bond market on my financial blog www.mindofmoney.com. With the recent filing of Detroit, the largest U.S. City ever to file for bankruptcy…
Since 1997 Lodmell & Lodmell has worked with many clients, and for nearly that entire time we have been fortunate to have not a single "complaint" from a client or otherwise. (In fact we have had dozens and dozens of clients…
There have always been detractors to Asset Protection Trusts. Most have been less than fully informed or have had an alternate agenda or product to promote. However, there is thoughtful analysis out there and one of my esteemed colleagues, whom I…