Asset protection news by experts, with latest information on the laws, cases and application of trusts and legal entities
Photo by Hugh Stickney In the past several years many, many planners have entered the field of Asset Protection. The challenge as a consumer of this service is that it is getting more and more difficult to understand your options.…
A Trust using Section 541 is designed to take advantage of Section 541 of the U.S. Bankruptcy Code. That section of the code defines what property is included and what property may be excluded from the bankruptcy estate. Here it is:…
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The world of Asset Protection is confusing. The world of the Internet has only made it more so. This post is one way in which I help my clients understand how Asset Protection really works. I hope this helps you…
I have commented for years on my personal concern about the future of the $3.7 Trillion U.S. Municipal Bond market on my financial blog www.mindofmoney.com. With the recent filing of Detroit, the largest U.S. City ever to file for bankruptcy…
Since 1997 Lodmell & Lodmell has worked with many clients, and for nearly that entire time we have been fortunate to have not a single "complaint" from a client or otherwise. (In fact we have had dozens and dozens of clients…
There have always been detractors to Asset Protection Trusts. Most have been less than fully informed or have had an alternate agenda or product to promote. However, there is thoughtful analysis out there and one of my esteemed colleagues, whom I…
Asset Protection can be accomplished in several different ways. The ultimate goal is to protect your assets, while leaving you in the position to both control them and have beneficial use and enjoyment. Over the past 20 years a lot…
Several years ago I wrote this report, which has been downloaded thousands of times from my website. The most consistent feedback I get is disbelief that attorneys have had such a corrupting effect on our legal system. The other side of…
I am often asked what happens when the Trust does need to actually remove the assets from both the U.S. jurisdiction, and the control of the clients. How can a client be sure that the new foreign Trustee doesn’t run…