Putting each asset in the right place

At the level of individual assets, you need to make sure each one is in the right place. By considering the type of asset, its risk potential, and how it can affect your other assets, you can lay the foundation for a solid asset protection structure. Your goal should...

Pieces of the puzzle: Revocable living trust

In addition to safeguarding your wealth while you’re alive, you want to make sure it can be passed on to your loved ones after you’re gone. Many people accomplish this through the use of a revocable living trust as part of their estate plan. While a revocable living...

Predatory litigation: A threat against your wealth

You only need to turn on the news to hear about the latest legal battle playing out in the courts. Tens of thousands of lawsuits are filed every day all across the country. Everyone sues everyone: strangers, employers, friends, even family members. Litigation is such...

History of asset protection: A timeline

As a specific legal field, “asset protection” has only been around for a relatively short period of time. However, its origins date back to ancient times. Tracing its roots allows us to see the big picture and understand how this important practice area developed....

Pieces of the puzzle: (Family) Limited Partnership

The limited partnership (LP) is a popular type of business entity for managing wealth among both family members and investment groups. The LP has a host of advantages, including tax reduction and the efficient transfer of wealth from one generation to the next. More...