Asset Protection Blog
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Posted on Feb 23, 2021
This strategy calls for you to borrow against or otherwise pledge your assets as collateral security for some obligation. The secured creditor then has first claim against the asset to the extent of ...
Continue reading "How Can I Equity Strip My Assets?" »
Posted on Feb 15, 2021
Unquestionably, a fair, legally-binding pre-marriage agreement is your safest way to secure your assets. A pre-marriage agreement is a written contract between intended spouses which specifies how ...
Continue reading "Can You Protect Your Assets Against Divorce?" »
Posted on Feb 8, 2021
Not necessarily. No law obligates a lawsuit defendant to hold his assets for the benefit of his creditors, despite common belief to the contrary. In fact, Supreme Court Justice Antonin Scalia, in one ...
Continue reading "Is it too late to protect my assets once I am sued or have a potential liability?" »
Posted on Jan 25, 2021
1. What do you mean by a transfer after you incur a 'present liability'? If you sell an asset for less than its fair value, the creditor must secondly show that the transfer occurred after you ...
Continue reading "FAQ on Transfers Answered" »
Posted on Jan 18, 2021
The first rule is to title all real estate that you own or co-own – other than your personal residence – to one or more limited liability companies (LLCs). This includes land, vacation ...
Continue reading "Protecting Your Real Estate Assets" »
Posted on Jan 11, 2021
The new year is the perfect time to start thinking about a meeting with your Asset Protection and Estate Planning Attorney. It’s a good habit to review your documents every year. If you have ...
Continue reading "New Year - It's Time to Review Your Planning" »
Posted on Jan 4, 2021
You want to title your cash, CDs, mutual funds and other liquid investments to one or more limited partnerships (LPs). We most frequently use LPs to protect liquid investments because; 1) the LP lets ...
Continue reading "What Assets Should be Titled to a Limited Partnership?" »
Posted on Dec 28, 2020
Land trusts are increasingly popular for real estate investors who want anonymity as an extra layer of protection. The property in trust isn’t directly connected to the owner through the public ...
Continue reading "Are Land Trusts Good For Asset Protection?" »
Posted on Dec 21, 2020
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. You need an individualized, customized, and ...
Continue reading "Is There a One Size Fits All Asset Protection Plan?" »
Posted on Dec 14, 2020
Alaska, Delaware and a few other domestic asset protection trust (DAPT) jurisdictions encourage the formation of trusts in their states. These DAPT jurisdictions promise added estate planning and ...
Continue reading "Are Domestic Asset Protection Trusts Good Asset Protection Tools?" »
Posted on Dec 7, 2020
Unquestionably, a fair, legally binding pre-marriage agreement is your safest way to secure your assets. A pre-marriage agreement is a written contract between intended spouses which specifies how ...
Continue reading "How Are Assets Divided In The Case Of Divorce?" »
Posted on Dec 1, 2020
Do you think that you don't need Asset Protection? That you're too poor; that you have too few assets to protect; that you're too careful; that nobody would sue you? Or maybe you think ...
Continue reading "Yes, You Need Asset Protection" »
Posted on Nov 23, 2020
A judgment creditor seizes your assets by executing on their judgment. Many people confuse that a plaintiff simply needs to win a lawsuit to get paid, but in reality, they must collect on the judgment ...
Continue reading "How Do Plaintiffs Collect on Their Judgments?" »
Posted on Nov 17, 2020
Life insurance may be protected by state law, but its protection depends on your state. To see if Life Insurance is protected in your state click here. If you own a large life insurance policy you may ...
Continue reading "Is Life Insurance Protected From Lawsuits?" »
Posted on Nov 9, 2020
Asset Protection is not about hiding or secrecy. You want an Asset Protection plan that lets you fully disclose your assets, confident that they'll remain safe from your creditor. A judgment ...
Continue reading "Use Your Asset Protection Plan to Discourage Lawsuits" »
Posted on Nov 2, 2020
You never want to co-own an asset such as a vehicle, boat, or plane. Both the owner and the driver are liable in an accident so for example if you own any of these assets as husband and wife both ...
Continue reading "How Do You Protect Risk Producing Assets Such as Vehicles or Boats?" »
Posted on Oct 26, 2020
A limited liability company combines the advantages of a corporation with those of a limited partnership, but there are several reasons why a limited liability company may be preferable to either of ...
Continue reading "What Are The Advantages of a Limited Liability Company?" »
Posted on Oct 19, 2020
Defending a lawsuit is expensive, time consuming and emotionally draining, but we have found that most plaintiffs will settle for comparatively little – and will settle early – once they ...
Continue reading "How Can You Negotiate an Inexpensive Settlement?" »
Posted on Oct 12, 2020
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 Can You Maximize Your Asset Protection?" »
Posted on Oct 5, 2020
Often times our clients most important asset is their primary home. Normally, we would title all real estate to a Limited Liability Company. However, there may be a negative tax consequence with ...
Continue reading "How Can You protect Your Primary Home?" »
Posted on Sep 29, 2020
Money owed in the form a note or accounts receivable is often times overlooked as an important Asset to protect. If a third parties owes you personally or your business money, that is an asset a ...
Continue reading "How Can You Protect Notes Receivable or Other Monies Due to You?" »
Posted on Sep 21, 2020
The portion of your paycheck a creditor can garnish is limited by both federal and state laws. As with any other state exemption, each state set its own wage protection limitations. Some states ...
Continue reading "How Can You Protect Wages?" »
Posted on Sep 14, 2020
Real estate is one of the oldest and most consistent forms of investing. During these uncertain times, litigation tied to real estate has been on the rise. In addition to the normal risk associated ...
Continue reading "Protecting Real Estate During a Pandemic" »
Posted on Sep 8, 2020
Life insurance may enjoy state statutory protection. But again, its protection depends on state laws. Click here to check your state. If you own a large life insurance policy you may title your ...
Continue reading "How can you make life insurance lawsuit-proof?" »
Posted on Aug 31, 2020
While lawsuit proofing is necessary for every individual, it is no less important for small businesses and professional practices. Small businesses are often more vulnerable to lawsuits and creditor ...
Continue reading "Lawsuit Proofing Your Business" »
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