We've had a lot of interesting call lately regarding unfunded asset protection plans. An asset protection plan--a Family Limited Partnership combined with an The Bridge Trust™--is only useful for protection against creditors if there are actually assets titled in the…
It's typically pretty easy to transfer assets into your asset protection plan. That's especially true of Lodmell & Lodmell asset protection plans. However, there are occasionally some complications and difficulties that arise with the creation and funding of asset protection strategies. For…
Setting up systems to handle known problems or issues that repetitively present themselves is generally a very good idea. It reduces the time required to asses the issue, develop a solution, and implement the plan. In essence, having systems reduces…
"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…
No matter how much or what you own, it is important to protect from lawsuits any assets or estates, especially if you plan to leave them to heirs. Not only do you need to know what to protect, you need…
There is a frequent misconception that anything to do with asset protection must inevitably involve higher taxes, increased IRS scrutiny and other undesirable situations. Nothing could be further from the truth. Asset protection is not illegal, but should not be…