Ever been sued? Ripped off in court over some frivolous complaint? Threatened with ruination by a dubious creditor? If not, count your blessings -- at least for now. Chances are you will be legally mugged sometime during your career and…
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…
We recently published an article about a California court ordering a Florida widow to sell her homestead and how the order was upheld in a Florida court. With respect to California asset protection laws as they relate to and are…
In speaking with a potential asset protection client last week, two separate questions came up. This post is intended to answer those questions, in case anyone else is facing the same issues. Part of what we do as asset protection…
A writ of garnishment is a court order allowing creditors to “intercept” money before it is paid to a judgment debtor. A creditor, as you probably already guessed, is a party to whom money is owed. A judgment debtor, on…
The typical offshore trusts that we create for our clients are tax neutral. That simply means our asset protection structures do one thing very, very well . . . they protect your assets . . . but they are not…
A client posed an interesting California asset protection question the other day: "If my business gets sued, why can't I just shut it down and open an new business doing the same thing?" This client is really thinking about asset…
In part I of Florida Homestead and Asset Protection, we concluded the discussion with a broad statement that Florida homestead exemptions are available only to individuals or "natural persons." Availability of Homestead for Asset Protection While it is true that…
Many people confuse asset protection with hiding assets. At Lodmell & Lodmell, we help our clients develop asset protection strategies and put put asset protection mechanisms in place so that assets don't need to be hidden. What we do is…
New Jersey is another state from which many people call with questions about asset protection. Rightly so, because New Jersey does not offer any homestead exemption, which means that anyone with unprotected assets is completely at risk of losing EVERYTHING,…