Tag archive for ‘asset protection’

• NEVADA TRUST FOR ASSET PROTECTION? BETTER MAKE SURE YOUR TRUST COMPANY STILL EXISTS

  4 November 10 • Comments Off

  Even within the specialized Asset Protection legal community professional opinions vary on the use and effectiveness of Nevada and other states’ Domestic Asset Protection Trusts (DAPT’s). One thing all agree on however, is that for such a strategy to hold up to even the weakest attacks the formalities of the state’s trust laws must be met to the letter.

• Employers Beware: The Department of Labor is Out to Get You

  31 October 10 • 1 comment

  

  Employers often think they understand wage and hour laws, but the fine print is more complicated than they realize and can lead to serious legal and financial exposures.

• FRAUDSTERS BEWARE – HOMESTEAD EXEMPTIONS DON’T ALWAYS WORK

  15 October 10 • Comments Off

  Why do so many fraudsters live in Florida?

• Fatal Flaws of Asset Protection Planning

  13 May 10 • 4 comments

  There is no such thing as a legally recognized “specialist” in the field of Asset Protection, as the Bar Associations of most jurisdictions recognize only a handful of certified specialties including personal injury, maritime law, domestic relations law, and bankruptcy, among others.

  That being said, there are practitioners that have achieved “expert status” simply by doing good work that withstood the test of time for many people. Despite the differences in strategy and opinion many of these reputable planners may employ, there are some factors that we all have to address in both new plans and in the all too common instances where we have to rehab or salvage poorly executed planning.

  Here is a short summary of issues to keep in mind when addressing this crucial issue; please bear in mind that information in forums like this is not specific to you, is written in the broadest terms and is never a substitute for consulting with an experienced professional:

• What Does “Umbrella” Insurance Cover?

  6 May 10 • Comments Off

  It is a great idea to have an umbrella policy, but you and your liability carrier have different ideas about what umbrella means.

• What is Asset Protection?

  4 May 10 • Comments Off

  Back in February I described asset protection as the legal techniques that protect your wealth from creditors and predators. Here’s what I wrote:

  “Is asset protection some kind of euphemism for stiffing banks? No way. It’s more about planning before you borrow the first dollar, about defining what assets are available to lenders if things go bad. Better to work out these details in advance. Negotiations can be one-sided as creditors bear down during duress.”

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