It May Be Time To Add Members To Your Single Member LLC

I’ve written on this blog before about how useful a Limited Liability Company (LLC) can be when protecting your assets as well as Single Member LLCs. A single member LLC is simply an LLC with only one member.  Originally an LLC designation was for companies with 2 or more members, but states gradually amended their… Read More »

Protect Your Loved Ones From Elder Financial Abuse

As our parents and family members age, they may become unable to manage their financial affairs without assistance.  Unfortunately, there are many people in the world who will target the elderly to exploit them financially.   Elder financial abuse is a growing concern, and as we can see from this news story about French L’Oreal heiress… Read More »

The Mortensen Case: What Went Wrong?

Asset Protection Trusts can be very useful tools as a part of a well thought out, comprehensive asset protection plan.   In a recent blog, we took a look at DAPT trusts and the pro’s and con’s associated with this particular type of trust. An interesting case in which a domestic asset protection trust failed to… Read More »

What is a Domestic Asset Protection Trust and is it right for you?

Any reader of my blog knows that there are a number of different ways to protect your assets and your family. Which option you choose will depend greatly on a number of different factors, including: The size and nature of your assets, your goals for your wealth, your family dynamic, whether or not you own… Read More »

Protecting Your Family From ‘Deep Pockets’ Lawsuits

We live in a litigious society.   As a matter of fact, America files more lawsuits than any other place in the world.  As much as we would like to think that all (or at least most) of these lawsuits are about justice, the truth is that very often they are about money.  In fact, quite… Read More »

When Unexpected Tragedies Occur

When unexpected tragedies occur, it can be a sad reminder to everyone that life is fleeting.  The recent disaster at the Reno Air Show brought to mind that disasters such as these, that cause death and serious injury to others, do happen. In the case of this most recent aircraft disaster, there are 10 dead… Read More »

Asset Protection is Essential for Doctors, Lawyers, and Other Professionals

We all know that there are certain risks that come simply with owning property and building wealth; this is why just about everybody has some kind of insurance coverage, from simple home or auto insurance to more complicated asset protection strategies. But doctors, lawyers, accountants, and other “professionals” carry a different kind of risk; these… Read More »