Once in a while we get a case where someone is asking about ways to protect future assets from existing judgments. The answer to this question, in short, is that if you have a judgment against you personally and the…
Many classes of assets are considered exempt assets. Exempt assets are simply those assets that a creditor cannot to "look to" in satisfaction of a judgment. For example, if Tom wins a lawsuit against Jerry, Tom is now a judgment…
Any good asset protection lawyer knows that bullet proof planning requires a number of layers. We use tools ranging from limited liability companies to family limited partnerships and offshore asset protection trusts. One strategy that we've discussed a lot is…
Asset protection lawyers have been taking advantage of limited partnerships for hundreds of years. Limited partnerships originated from a time when European shipping businesses began to operate globally. The goal in creating limited partnerships was to allow multiple individuals or…
After publishing "The Lawsuit Lottery: The Hijacking of America" last fall, a media blitz hit Douglas Lodmell and hasn't stopped yet. From such well known media outlets like Fox and Friends, MSNBC and Dayside, talk show hosts and radio disc…