Asset Protection

Need a Real Life Example of Why to do Asset Protection Planning?

Posted on: September 11th, 2009
Rich Rodriguez, the football coach for the University of Michigan, has been sued for $3.9 million due to a loan default. Rodriguez and partners formed an limited liability company, The Legends of Blackburg LLC, to develop a condo community in Virginia. ...

Homes and Cars in Living Trusts – Check With Your Insurer

Posted on: January 8th, 2009
Revocable living trusts are a common estate planning tool for avoiding probate. It is not uncommon for a home to be transferred to the trust for that purpose, as well as occasionally motor vehicles....

Own Rental Real Estate? You Need an LLC to Protect Yourself

Posted on: December 9th, 2008
Anyone who owns rental real estate in his or her individual name is taking a tremendous risk. ...

FDIC Bank Account Insurance Coverage Calculator

Posted on: October 10th, 2008
The recent Bailout law increased the FDIC insurance coverage for bank accounts to $250,000 per person, per bank. ...

What Property is Exempt from Creditors’ Claims in NC?

Posted on: October 8th, 2008
If you were ever to be sued, what property would be protected in the event of a judgment against you? ...

Family FLP/FLLC Checklist – Make Sure You do it Right

Posted on: February 9th, 2008
Family Limited Partnerships, or more commonly now, Family Limited Liability Companies, are great vehicles for management and protection of family businesses, real estate, and investments. ...
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