William R. Simon, Jr., Esq.

  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 trust does not provide asset protection, […]

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 an accepted part of the culture that a lawsuit is

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. Here are some important events in the history of asset protection.

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 recently, it has become an integral part of asset protection planning.

Asset protection is not about hiding your wealth from the IRS to avoid paying taxes. However, a comprehensive asset protection plan takes into account all legal avenues of protecting your wealth. Sometimes, you can use asset protection in conjunction with tax reduction strategies to maximize your benefits. One example of this is the income tax

If you’re looking for true financial freedom and peace of mind, the importance of asset protection can’t be overstated. But what makes for a great asset protection plan? How do you wade through the abundance of options out there, all claiming to be the best? Other than the most obvious qualification (that it works!), there

  A limited liability company (LLC) is a relatively new type of business entity that was first authorized in the U.S. in the 1970’s. It is considered a sort of hybrid, with the limited liability of a corporation and the pass-through taxation of a partnership or sole proprietorship. As a business structure, it has many

Litigation is a profitable business. Predatory attorneys know how to make money by starting lawsuits, and there is a never-ending pool of potential plaintiffs, eager to cash in. The cultural standards which once would have discouraged such conduct have all but disappeared. The likelihood of becoming a victim of such litigation depends on two factors:

Wealth serves different purposes for different people. That purpose may be living a comfortable lifestyle, supporting charitable causes, providing for your family (now and after you’re gone), or reaching a variety of other goals. But what wealth means to everyone who has worked hard (and invested wisely) to achieve it is this: Financial freedom. Financial

Wealth serves different purposes for different people. That purpose may be living a comfortable lifestyle, supporting charitable causes, providing for your family (now and after you’re gone), or reaching a variety of other goals. But what wealth means to everyone who has worked hard (and invested wisely) to achieve it is this: Financial freedom. Financial