Asset Protection Articles

Once in a while we get a case where someone is asking about ways to protect future assets from existing judgments.  The answer to this question, in short, is that if you have a judgment against you personally and the assets you're owed in the future will rightfully accrue to you personally as well, it's…

There is no mechanism for garnishment in Texas.  In short, there is simply no way to garnish wages or other types of income in Texas.  The closest thing a creditor can do in Texas is try to intercept federal tax refunds, but even that is a long shot in most circumstances.  Ah, the glory of…

We've written quite a lot on the subject of asset protection homestead exemptions and the very strong protections afforded to Florida homesteads.  Texas asset protection laws also afford strong protections to the homestead.  One question that comes up from time to time relates to the homestead accounts.  A homestead account is an account that contains money from…

The major risk to assets that Lodmell & Lodmell has fought against is the risk that legal claims pose to assets.  It's been our focus for a very long time, and we are very good at protecting against legal risk.  We began with the simple question of how to protect your assets from lawsuits.  The…

Frequently Asked Questions About Offshore Trusts and Asset Protection Are offshore trusts legal? Absolutely.  Generally speaking, trusts are some of the oldest legal tools in existence.  They have been around for centuries, and courts have repeatedly upheld them as a legal method for protecting wealth and assets and, eventually, passing wealth and assets on to…