by Christine | Jun 6, 2012 | Asset Protection, Estate Planning, Trusts |
Executive-liability insurance is often the first line of financial defense for executives and directors caught up in litigation such as investor lawsuits. For others without such coverage, asset-protection trusts are the way many insulate their wealth from claims....
by Christine | Jun 4, 2012 | Asset Protection, Entity Structure, Liability |
It is better to never be a general partner if one can avoid it. But if a person is going to be a general partner of a limited partnership that is either conducting any substantial business or taking investors, they had better do their own asset protection first....
by Christine | Jun 1, 2012 | Asset Protection, Insurance |
"The Wealthy" are more likely to be sued, but excess personal liability insurance doesn't have to cost a fortune. It’s safe to say that, if there’s a risk out there, there’s also an insurance underwriter somewhere dying to write a policy for it. However,...
by Christine | May 31, 2012 | Asset Protection, Community Property |
Despite [some] admitted shortcomings of Community Property Divisions, they can be a fantastic asset protection tool for those who currently have no significant debts or creditors, and have a strong and lasting relationship. In any marriage, and in any relationship,...
by Christine | Mar 2, 2012 | Asset Protection |
The IRS has significantly lowered the bar for innocent spouse relief. The rules of the game have changed. A spouse who was denied relief under the old rules should consider applying for innocent spouse relief under Notice 2012-8, provided the ten-year collection...
by Christine | Feb 17, 2012 | Asset Protection, LLCs |
This case illustrates the inherent dangers of the Single Member LLC — which is they are “an alter ego case waiting to happen”. LLCs or “Limited Liability Corporations” can be excellent vehicles to accomplish just what their names suggest – limiting liability....
