Getting sued for the wrong reasons suck! Frivolous lawsuit stories remind us that our assets aren’t safe under the US legal system.
Asset protection trust is key to the whole plan Having the domestic parts of your asset protection plan is very good. We set up most of our limited partnerships in the state of Arizona because it gives us strong statutory…
Asset protection works. If you have assets, it most certainly makes sense that you consider devising an asset protection strategy and implementing an asset protection plan as soon as possible. Why the urgency, you might ask. The answer has everything…
Recently the Texas Supreme Court ruled that a death caused by a spider bite is the proper subject of a medical malpractice lawsuit. It seems that courts are getting carried away (even more than usual), which is why any complete…
"Lawsuits are war. It's as simple as that and they all begin the same way; a declaration of war: the complaint." ~John Grisham, A Civil Action If you've never been served with a complaint--a notification that you're being sued--then let…
This article is a continuation of Why Offshore is the Strongest Form of Asset Protection: Even Better Than Special Powers of Appointment. Once a lawsuit is filed against you and a plaintiff's attorney discovers the existence of a domestic trust,…
A fraudulent conversion is a transfer of assets from an unprotected state into a state of being an exempt asset. Assets in an unprotected state can be attacked by creditors. Exempt assets cannot be attacked by creditors. While legal title…
Our legal system is a victim. Just like many others, the legal industry has become profit focused. Today lawyers are more "about" money than they are about doing good. Lawyers are more interested in making money and attracting new clients…
Santa Barbara County, California recently enacted a social host liability ordinance, which makes it illegal for anyone to knowingly allow minors to imbibe alcohol on their premises. Social host laws, as they are known, are not exactly unheard of, and…
It’s the season for good cheer, but unfortunately, for many employers around the country, the holiday season can bring with it its own legal headaches. From employee parties and drunk driving, to failure to accommodate religious concerns, there are any…
By now, everyone knows that using a cell phone or texting while driving could increase your risks of an accident. However, every employer should also know that when an employee engages in such behavior and causes an accident while on…