Asset Protection Blog
Posted on Oct 22, 2018
While Asset Protection is 100% legal, the moral or ethical quandaries are another issue entirely. Some people believe it’s unethical or improper to shelter their assets from those who have a ...
Continue reading "What Are the Ethics of Using Asset Protection to Prevent Creditors from Getting Paid?" »
Posted on Oct 15, 2018
For the safest protection, you should keep a portion of your assets in an international jurisdiction. International family wealth planning has been popular for 2,000 years, originating with the Roman ...
Continue reading "How Safe is International Asset Protection?" »
Posted on Oct 8, 2018
Once a property is protectively titled, its exposed equity can be reduced with debt-shields, as we suggest with the family home. You want to adopt the same equity reduction strategies you'd use ...
Continue reading "Using Debt-Shields to Reduce the Exposed Equity of Protectively-Titled Property" »
Posted on Oct 1, 2018
The Revocable Living Trust is very popular in America. A living trust helps you avoid the cost and delay of probate. You can also avoid the dangers from jointly owning assets. But here’s the ...
Continue reading "Does a Revocable Living Trust offer Lawsuit Protection?" »
Posted on Sep 24, 2018
The best time to protect yourself is before a creditor threat is foreseeable. While it’s not necessarily too late to protect yourself after you have been sued, you must think and act defensively ...
Continue reading "You Need to Protect Your Assets Sooner Than You Think" »
Posted on Sep 17, 2018
The belief that there could be a ‘one-size fits all’ Asset Protection plan is a common myth that needs to be destroyed. No such thing exists. That’s not to say some “Asset ...
Continue reading "Is there one specific entity or magic bullet for Asset Protection planning?" »
Posted on Sep 10, 2018
A fraudulent transfer occurs when a debtor sells or gives away assets for less than fair value in an attempt to defraud a creditor. Given certain circumstances, courts can invalidate and revoke these ...
Continue reading "What is the statute of limitations for a creditor to recover fraudulently transferred assets?" »
Posted on Sep 4, 2018
In the United States, any person over the age of 18 is entitled to create a Will. Legal age varies by state, and some even allow minors to create Wills at the ages of 14 or 16. Without a Will, state ...
Continue reading "At what age should I create my first will?" »
Posted on Aug 27, 2018
No one plan is equally effective against every claim. Asset Protection is much like football. The best defensive positioning in any given case is the one that can most effectively block a particular ...
Continue reading "Are different plans necessary to protect against different financial dangers?" »
Posted on Aug 13, 2018
It's not necessarily too late to protect your assets if you have already been sued or have financial troubles. An Asset Protection attorney will have limited tools to work with. Of course, as we ...
Continue reading "Is it too late to protect my assets if I have already been sued or have financial troubles?" »
Posted on Aug 6, 2018
While staying tax compliant and cooperating with the IRS are obvious, there are other Asset Protection strategies to avoid the potential loss of assets to the IRS. We would give these important ...
Continue reading "How can the potential loss of assets to the IRS be avoided?" »
Posted on Jul 30, 2018
While it’s true that there are some really good companies with fill-in-the-blank templates online, more often than not a DIY Estate Plan can be riddled with error. Instructions for ...
Continue reading "The Dangers of DIY Estate Planning" »
Posted on Jul 23, 2018
Involve an Asset Protection Attorney in your planning. The interplay between Asset Protection and bankruptcy law can be extremely complex, and the new bankruptcy laws raise many unanswered questions. ...
Continue reading "What are some precautions for debtors planning bankruptcy?" »
Posted on Jul 16, 2018
The safest strategy to protect non-exempt assets is to convert unprotected assets into exempt assets. But you must then wait forty months before you file bankruptcy. A well-drafted limited partnership ...
Continue reading "How can I protect my non-exempt assets in a bankruptcy?" »
Posted on Jul 9, 2018
Bankruptcy automatically stops creditor lawsuits, collections or repossessions. The automatic stay under bankruptcy further transfers pending or future collection and debtor-creditor cases from other ...
Continue reading "Can bankruptcy stop foreclosure of my property or seizure of other assets by a judgment creditor?" »
Posted on Jun 25, 2018
A Last Will and Testament is a document that states how your probate assets will be distributed at your death, who will act as the personal representative (executor) and who will be guardians of your ...
Continue reading "What can happen if my Will is not created properly?" »
Posted on Jun 18, 2018
Bankruptcy won’t extinguish every debt. Debts usually not dischargeable in bankruptcy include: Federal taxes less than three years old and state and local taxes Child support and alimony Student ...
Continue reading "What debts are not dischargeable in bankruptcy?" »
Posted on Jun 11, 2018
Bankruptcy timing is critical. Debtors frequently file too soon or too late. In either instance, they lose possible benefits from their bankruptcy. Some tips: 1) Collect your tax refunds before you ...
Continue reading "Five timing factors to consider when filing bankruptcy" »
Posted on Jun 4, 2018
There are several forms of bankruptcy. Each is designed for individuals and businesses in different financial situations. Chapter 7 Chapter 7 Bankruptcy, also known as straight or liquidating ...
Continue reading "What are the different types of bankruptcy?" »
Posted on May 29, 2018
An Estate Plan should be reviewed after any life change. Marriage, divorce, the birth of a child, illness, a change of financial situation, and moving to another state all constitute life changes. Any ...
Continue reading "When should I have my Estate Plan reviewed?" »
Posted on May 21, 2018
Bankruptcy may be your best option if you are convinced you can’t win and can’t settle, or if you have few assets to lose in bankruptcy. The mere threat of bankruptcy may be enough to ...
Continue reading "If I am sued, wouldn't it make sense to simply file bankruptcy rather than defend against the claim?" »
Posted on May 14, 2018
Any debtor with serious financial problems should consider bankruptcy. However, bankruptcy isn’t always the right answer. Bankruptcy is the answer only when you have too many debts to pay from ...
Continue reading "When should you consider bankruptcy?" »
Posted on May 7, 2018
Bankruptcy is increasingly necessary for the financially-troubled individual and company. More than two million individuals and companies file bankruptcy annually; not a surprising statistic once you ...
Continue reading "The role of bankruptcy in Asset Protection planning" »
Posted on Apr 30, 2018
When a person passes without a will, they are said to die intestate. In these instances, their probate assets will be distributed to their heirs in accordance with the state’s intestacy laws. ...
Continue reading "What does it mean to 'die intestate'?" »
Posted on Apr 23, 2018
Divorce lawyers can consume one-third or more of a divorcing couple’s assets. In a sense, you may need as much protection against huge legal fees as against spousal claims. Why fight to keep ...
Continue reading "Five ways to lower huge legal fees when divorcing" »
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