Asset protection news by experts, with latest information on the laws, cases and application of trusts and legal entities
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…
It's important to make sure that your wealth is locked up in exempt assets and that it can be exported to an offshore trust in the event of judicial intervention, so that it lays beyond the reach of unpredictable judges…
In speaking with a potential asset protection client last week, two separate questions came up. This post is intended to answer those questions, in case anyone else is facing the same issues. Part of what we do as asset protection…
Our site contains a lot of information on business entities created for the purposes of asset protection. Among those entities are limited liability companies, family limited partnerships, and offshore asset protection trusts. These are powerful tools, to say the least. …
Florida asset protection law was in flux for a while with respect to inherited IRA accounts. A number of Florida courts had decided that an IRA inherited by anyone other than a spouse constituted inheritance rather than retirement savings. The…
Identity theft is a really hot topic. In a difficult economy, unscrupulous thieves find opportunity in exploiting good people. Technology actually makes the job of identity thieves easier, because there is a lot of information available to anyone who knows…
By Ike Devji, J.D. Of-Counsel, Lodmell & Lodmell, P.C. The last four years has created an explosion in the Asset Protection planning field due to both the large number of people who have finally realized that their wealth is more…
A writ of garnishment is a court order allowing creditors to “intercept” money before it is paid to a judgment debtor. A creditor, as you probably already guessed, is a party to whom money is owed. A judgment debtor, on…
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…
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…