Protect your wealth with right asset protection advice and getting the right legal tools in place. Let’s clear the myths and get the facts on the best strategies for wealth preservation.
Florida Courts Extend Statute of Limitations for Fraudulent Transfers up to 20 Years! In a recent Florida appeals case (Biel Reo v. Barefoot Cottages Development, 2014) two debtors defaulted on a loan and shortly thereafter transferred millions to irrevocable trusts naming…
Fundamentals of your asset protection plan Lets start off with the principle. Its a pretty straight forward concept. Basically "you do not need to own an asset to have beneficial control." A perfect example of this that neighbor that we can all…
Mistakes to avoid in your plan Signing for your limited partnership is a mistake you want to avoid. Your limited partnership should never guarantee loans or conduct business, unless you are using that particular entity to conduct a certain business. If you…
The worst mistake when creating an asset protection plan is to mix safe and risky assets. For example, if we were to create an LLC we wouldn't put your rental real estate property in there with a bunch of cash.…
Understanding How to Manage Risky Assets If you are a doctor and you own a practice this is probably one of your riskiest assets. What about your office building? How about real estate? If your office building or real estate…
This is a big week. The Obama Administration released a report detailing its proposed tax law changes, many of which are slated to take effect at the end of 2012. Among those changes are alterations to the current gift and…
The dust has largely settled on Bernie Madoff's media coverage. Outside of a few television specials on the subject, the perpetrator of the largest Ponzi Scheme in history is quietly serving his prison sentence, and he will probably never again…
Many recent conversations with our clients have revolved around investment strategy and the role it plays in asset protection planning. Like asset protection, investing is very much about identifying risks, deciding which risks are worth taking, avoiding other risks. In…
If questions about asset protection in financially unsafe times are on your mind, you're not alone. In addition to wondering "how do I protect my assets from lawsuits?" one primary area of concern has been the preservation of purchasing power…
Many of our clients have questions about strategic default and the consequences that can follow from defaulting on a mortgage that is "underwater." When the value of the real estate that is security for a loan falls below the amount…