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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...