The Appeal of Settling

When a lawyer threatens to sue you, he is exploiting all of these facts about human nature. He knows that the outcome of the case will be uncertain regardless of the merit of the case. He knows that if you have reachable and collectible assets, the risk of loss will...

Protecting Assets Against Unexpected Medical Expenses

This article was written prior to the Affordable Care Act but the risk of loss to patients from unexpected medical bills remains the leading cause of financial disaster. To protect assets from unexpected medical bills we will provide you with a a free Plan Design and...

The Legal Extortion Racket

What are the rest of the lawyers going to do? What about the other 95 percent of trial lawyers who are not so great and not such good lawyers? How is a lawyer who is not at the top going to feed his family? His chances of getting your case against Exxon-Mobil are...

The Ability to Pay

The Ability to Pay The reality of our legal system is that people are named as defendants in lawsuits not because of their degree of fault but because of their ability to pay. When an attorney is approached by a potential client who is claiming injury or economic...

The Litigation Explosion

It has been estimated that 50,000 lawsuits are filed in this country every day of the week. This has come to be known as the “litigation explosion.” Whatever the causes—a breakdown of traditional values, the loss of a sense of community, too many hungry lawyers,...

Beating Estate Taxes Just Got a Lot Harder

Many of the strategies used to reduce or eliminate estate taxes involve a technique known as a Family Limited Partnership. In the most popular version family wealth is transferred into a FLP and gifts of partnership interests are made to children or other family...

Selected Topics on Asset Protection – Updates

We’ve just published our new book “Selected Topics on Asset Protection“.  It’s now available for a free download as a full book pdf, or you may choose independent articles from the Contents.  This new edition updates case law, legislation and new developments in the...

Inherited IRA’s Not Protected From Creditors

The U.S. Supreme Court ruled this month that inherited IRA’s are not exempt from creditors in bankruptcy. Mr. and Mrs. Clark were the owners of a small pizza shop in Soughton, Wisconsin.  In 2010 they filed for bankruptcy and closed the store.  Their only...

Florida Court of Appeals Makes State an Asset Protection Haven

Florida’s Fourth District Court of Appeals ruled that a debtor cannot be compelled to turn over a stock certificate in a company located outside of Florida. In this case the debtor owned a myriad of foreign corporations, based in the Netherlands, the Bahamas and the...

California Private Retirement Plans Encourage Savings

Corporate pension plans, or defined benefit plans, which provide lifetime income to retirees are growing closer to extinction.  In 1979, 38% of workers in the private sector were covered by these plans and now the figure has declined to less than 15%.  Public...