A client recently asked: Why is an Arizona holding company is preferred, and how are the limited rulings to charging orders an advantage? What if I don’t live in Arizona do I need to file taxes there? The AZ LP as my preferred choice as a holding company has to do with some specific features….
Fifteen years ago “asset protection” was a brand new area of law only a few experts were familiar with. Today it is well understood that asset protection means setting up specific legal tools which protect your assets from a creditor, while allowing you and your family to use and benefit from those assets as you…
ASSET PROTECTION ISSUE: Is a Domestic Asset Protection Trust (DAPT) set up in Alaska effective regarding a Montana fraudulent transfer action? CASE SUMMARY: Donald Tagwell sued the Wackers in Montana state court in 2007. The Wackers counter-sued Mr. Tagwell as well as several other related parties, including his wife and mother-in-law Toni Bertran. The Wackers…
Disclaimer The client information summarized here represents an actual client. Names and all identifying information has been removed or changed to protect the attorney client privilege. This information is designed to be used as an instructional tool only. Determining the appropriateness of any planning for any particular client must be done with respect to the…
Welcome to the Key Concepts of Asset Protection. My name is Douglass Lodmell, Asset Protection attorney and founder of the Asset Protection Council. In this podcast series, you will learn about the 15 Key Concepts that I consider critical if you want to understand what Asset Protection Really is, and how it actually works.
I often get questions that point to a very important distinction within asset protection. They basically go like this:
“Doug I heard you describe why you consider real estate assets as different from cash or liquid assets because a local judge could order those properties sold no matter who they are titled too. What use is an LLC or an LP if the judge can disregard it?”
August 4, 2016, First Thursday rebroadcast webinar for Asset Protection. This was a live webinar presented by Douglass S. Lodmell, J.D., LL.M., Managing Director, Asset Protection Council™. Topic: “Dispelling the Myths of Asset Protection” Having specialized in Asset Protection since 1997, we routinely address the misconceptions and false ideas that many prospective clients have regarding…
In litigation, flexibility is the key to winning. No litigator wants to go into the courtroom with only one argument. Prosecutors go for multiple ‘lesser included charges’ just to make sure they leave with a conviction. Defense attorneys prepare as many defenses as possible, even though just one winning argument is enough.
July 7, 2016, First Thursday rebroadcast webinar for Asset Protection. This was a live webinar presented by Douglass S. Lodmell, J.D., LL.M., Managing Director, Asset Protection Council™. Topic: “5 reasons why the Bridge Trust® is better than a foreign asset protection trust” This is a bold statement for those familiar with the benefits of a…
June 2, 2016, First Thursday rebroadcast webinar for Asset Protection in 2016. This was a live webinar presented by Doug Lodmell, Managing Partner. Topic: “The Key Concepts of Asset Protection” In this webinar, Mr. Lodmell introduces ” The Key Concepts of Asset Protection”, a comprehensive 15-part video series designed to help clients understand what Asset…
ASSET PROTECTION ISSUE: Will a Domestic Asset Protection Trust (DAPT) set up in Nevada be effective or respected in a Utah Divorce case? CASE SUMMARY: The Dahl’s were involved in an extended and extremely contentious divorce for many years. While this case is getting a fair amount of press about its ‘failure’ as a DAPT…
This webinar is designed for the Estate Planning and Business Planning attorney who is considering adding Asset Protection to their client offerings. It is an excellent summary of the History of Asset Protection and the distinctions between the International and the Domestic Asset Protection Trust. We also go over 6 seminal Asset Protection cases. 3…
If questions about asset protection in financially unsafe times are on your mind, you’re not alone. In addition to wondering “how do I protect my assets from lawsuits?” one primary area of concern has been the preservation of purchasing power in uncertain economic times, because there are additional risks to your assets besides lawsuits. Let’s…
Understanding How to Manage Risky Assets If you are a doctor and you own a practice this is probably one of your riskiest assets. What about your office building? How about real estate? If your office building or real estate have equity or are completely paid for, these are considered valuable assets. Not a good…
As you might imagine, I get this question all the time! The answer is – it depends. Generally asset protection refers to situations where individuals or married couples are seeking to protect their assets and property from third parties, such as creditors and potential lawsuits. In terms of one spouse desiring to protect assets from…