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Asset protection structures and mechanisms are nothing new.  They’ve been around for centuries.  The wealthiest people on earth take advantage of asset protection planning, and history shows that wealthy people always have pursued asset protection as a goal.  A simple limited liability company, for example, is an asset protection structure.  The primary reason that entities like family limited partnerships, corporations, and limited liability companies exist is to separate personal liabilities from business liabilities and, therefore, protect assets.

Yet, many people are unaware that asset protection laws are all around us.  In fact, we are often asked about the legality of certain asset protection strategies.  As an asset protection attorney, I am a student of history, and I want to share a little bit about the past with respect to asset protection.

Living in Perpetuity

The word “corporation” is a derivative of corpusCorpus is the Latin term referring to a group or body of people.  At least with respect to Medieval European business entities, the original idea behind a corporation was that it would allow a body of people to survive perpetually and not be limited by the lives of any member holding stock in the entity.

To the surprise of some, the Catholic Church was one of the first European organizations that took advantage of a “perpetual existence.”  City governments, like the City of London Corporation, also formed nearly 1,000 years ago when William the Conqueror granted the city a royal charter.  In terms of commercial enterprises, the Dutch East India Company played a major role in exploring the world and issued what were probably the first stock certificates during the 17th Century.  A major feature of the Dutch East India Company was the limitation of liability for shareholders, or asset protection!

Asset Protection Has Been Around A Long Time

The message here is that asset protection has been around for a long, long time.  There is absolutely nothing illegal about using every advantage conferred by law for the protection of assets.  Some people question the use of offshore trusts as “pushing the envelope,” but the fact of the matter is that individuals and corporations have always availed themselves of international laws for the preservation of wealth.

The historical record, combined with the fact that assets are more accessible today than ever before, no matter where those assets are located, are factors that make asset protection less risky than ever.  In fact, the only real risk you can take is to ignore the benefits of asset protection planning.  Follow the lead of the smartest and wealthiest people who ever lived, and take the time to develop a comprehensive asset protection strategy.

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Pashmina Lalchandani

CEO & Co-Founder, Bar & Cocoa / Owner, Flow Simple
December 9, 2010, Douglass was a client of Pashmina’s

I’ve known Doug in many contexts, as a friend, as a client and as a business partner and he impresses me on all levels. He’s dependable, smart, generous and I wouldn’t hesitate recommending him and his law firm to anyone.
He’s the best and most ethical lawyers providing asset protection with rock solid strategies to give you peace of mind about your wealth. Straight forward, and straight talk. Doug is exactly the lawyer I want on my side. If I send someone to Doug, I know they’ll thank me for it!

Social & Solar Entrepreneur, Pan Afrikan Theorist, Translator/Interpreter,
Founder & Visionary Leader @ Afrikanpride.
March 12, 2011, Marlon E. D. J. worked with Douglass but at different companies

Doug is one of the most powerful thinker i have came across. During the short time that i have known Doug he has been a great source of inspiration. He has a simplistic yet effective and accurate way to analyze anything you bring to his attention, and then by asking you key questions he gets you to see the light at the end of the tunnel. Besides being extremely bright, he is a genuine and caring individual which is why I feel fortunate to know him. I can say without a doubt that he his the person you would want to talk to if you were in need of a person with his expertise.
Most of the lawyers out there will probably meet your needs, but if you are looking for someone to exceed your expectations and give you that wow factor, look no more he is the person for the job.

Patricia Salter

Associate Dentist at Smileology
December 1, 2010, Patricia was a client of Douglass’

I have been a client of Douglas Lodmell’s since 2001. My main concern was asset protection in this litigious society. I can sleep alot better at night knowing I have the instruments in place to protect the fruits of my labor, and that they will not end up in the hands of a slick trial attorney.

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