If you're a doctor, you almost certainly carry medical malpractice insurance and know that costs seem to escalate year after year with no end in sight. One alternative to carrying malpractice insurance is to set in place a comprehensive asset protection plan and then go without medical malpractice insurance. Where it's affordable, however, good asset…
The Employee Retirement Security Act (“ERISA”) has an asset protection fail-safe mechanism built into it that ensures employees receive the benefits promised to them. ERISA qualified plans include pensions, 401(k) plans, profit sharing plans, and defined benefit plans. Non-ERISA plans like IRA accounts are only protected from the claims of creditors to the extent provided…
You don't have look far in mainstream media to find stories about strategic default. We've written about how strategic default is a morally defensible choice and about how we arrived in the current strategic default environment. This is an entirely different discussion that is aimed at people with two mortgages AND family members or friends…
We recently published an article about a California court ordering a Florida widow to sell her homestead and how the order was upheld in a Florida court. With respect to California asset protection laws as they relate to and are enforced in Florida, that's "how the cookie crumbles." A distinct but related topic is the…