Asset protection is not something that you want to skimp on or do “half way.” Your asset protection plan is only as good as your follow-through and adherence to the strategy you’ve devised. A recent case demonstrates how a good theoretical asset protection plan is different from a plan that has been designed and implemented…
Real estate values will decrease again, if they haven't started to decline again already. This is evidenced by a number of conversations we've had with asset protection clients of Lodmell & Lodmell recently. The purpose of this article is to help you make the right decision with respect to real estate as a part of…
There are lots of questions floating around about the process and consequences of pursuing a strategic default strategy. One particular question gets asked a lot: What are the tax consequences of debt forgiveness and, more specifically, of a strategic default. The general rule is that forgiven debt is taxable. For example, assume that Borrower takes…
We wrote about the asset protection legislation being considered by the Florida Senate and House of Representatives. Well, both houses passed the bill, and it is now just awaiting the Governor's signature. Here's what the new law means for Florida asset protection: Florida Single-Member Limited Liability Companies are Dead If you business or other significant…