“All In” in Puerto Rico
Puerto Rico is continuing to get attention and interest from serious people. This is an interesting clip from Bloomberg TV.
Do I need Asset Protection with my Act 20 & Act 22 status in Puerto Rico?
Act 20 & Act 22 have the potential to have a huge impact on Puerto Rico by attracting the right kind of investment and residents. If you are already in the process of filing your Act 20 or 22 petition,…
Is Puerto Rico the New Tax Haven for Americans?
The short answer is YES! For 20 years I have been advising clients that setting up sketchy offshore tax schemes is not in their best interest. I have often said: “If there was a real offshore tax plan that worked,…
Why Asset Protection Works
Asset Protection works for one simple reason: It removes the economic incentive for a person, and that person's attorney, to pursue (SUE) you. It really is that simple. What is not simple is how you go about accomplishing removing the…
Can the IRS get my Inheritance?
It has long been an idea that if you have debts, especially IRS debts, and you are about to receive an inheritance, one way to protect it is to disclaim. Well as of 2014 that is no longer the case. …
Does Obama Need Asset Protection?
With the House of Representatives officially passing a bill which would endorse a lawsuit brought against the President of the United States (President Obama), I thought it would be an interesting thought experiment to ask if the President should consider…
What is an Asset Protection Trust and a Bridge Trust?
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?…
Estate Planning Attorneys Look to 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…
The Value of Age in an Asset Protection Trust (The Magic of Section 548(e))
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…
Piercing the Corporate Veil
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…