Asset Protection

CCRC Residents Should Consider Liability Insurance

Posted on: May 26th, 2011
Even for those who don’t have umbrella liability insurance coverage, homeowners insurance policies normally provide general liability coverage. This insurance will help protect your assets if a guest is injured in your home or your dog bites someone, for example....

Airplane Kills Jogger Story offers Example of Necessity of Estate Planning

Posted on: March 18th, 2010
Most everyone in the country has heard about the Georgia husband and father, Robert Gary Jones, who was killed by an airplane while jogging on the beach on Hilton Head Island, South Carolina. ...

Asset Protection for the Rest of Us

Posted on: March 5th, 2010
Members of America’s middle class should be a lot more concerned about protecting their assets from creditors than from the so called "death tax." ...

Inherited IRAs are protected in bankruptcy – sometimes

Posted on: February 16th, 2010
In a recent ruling, the U.S. Bankruptcy Court for Minnesota held that an inherited IRA was protected from the debtor’s creditors under federal law. In re: Nessa, 105 AFTR 2d 2010-XXXX, 01/11/2010. ...

Disclaimers can Protect Assets in Bankruptcy

Posted on: September 24th, 2009
In a case interpreting Arizona law, the Court of Appeals for the Ninth Circuit held in Gaughan v. Costas that a disclaimer filed prior to declaring bankruptcy was valid and effective since the disclaimer was permitted under state law. In re Costas, 555 F.3d 790 (9th Cir. 2009)....

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. ...
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