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....
by Christine | Feb 10, 2012 | Asset Protection |
So we all know a succession plan is needed. But having the wrong plan can be just as disastrous. It’s said that a little knowledge can be a dangerous thing (“drink deep, or taste not the Pierian spring”). However, what is less often said, yet is ultimately just as...
by Christine | Feb 3, 2012 | Asset Protection |
Many people faced with mounting pressure from creditors are unaware of how to protect their assets, and very often it is too late once they are already in financial trouble. It’s unclear how long this economic slump will last. One thing is certain, however, it’s not...
by Christine | Jan 5, 2012 | Asset Protection, Estate Planning, Tax Planning |
The simple answers are usually painfully wrong, and the real art of asset protection is the exercise of considerable forethought as to how the structure will work under extreme duress, with creditors getting writs and orders so as to financially strangle the Debtor....
by Christine | Jan 5, 2012 | Asset Protection, Estate Planning, Tax Planning |
The simple answers are usually painfully wrong, and the real art of asset protection is the exercise of considerable forethought as to how the structure will work under extreme duress, with creditors getting writs and orders so as to financially strangle the Debtor....
