Asset Protection
Creditors Can Still Collect From Foreign Trusts
Foreign trusts, or offshore trusts, are popular asset protection tools as they are notorious for providing superior protection from creditors. However, foreign…
Ways to Protect an Inheritance from Creditors
Bequeathing assets involves more than naming beneficiaries. Creating a proper estate plan offers individuals and families the ability to protect their assets…
3 Tips for National Estate Planning Awareness Week
October 15-21, 2012 is National Estate Planning Awareness Week. The country-wide campaign focuses on educating individuals about the importance of planning their…
Illinois Ruling Strikes a Blow at Asset Protection Trusts
In Rush University v. Sessions, et al, the Illinois Supreme Court ruled that a transfer to a Cook Islands trust was per se…
NC Dept. of Revenue issues Directive on $50k Business Income Deduction
North Carolina has a new law, G.S. 105-134.6(b)(22), that grants business owners a deduction of up to $50,000 of their net business…
New Hawaii Law to Help Protect Assets of Married Couples – NC Law is Not Quite as Helpful
Hawaii is on the verge of a step forward in the field of asset protection, with pending legislation awaiting the Governor’s signature…
The Seven Levels of Asset Protection
Today I participated in a teleconference on Asset Protection Planning. Although the program was a bit basic for me, speaker Carl Waldman….
Nevada Asset Protection Trust Laws Improved
Nevada’s new Domestic Asset Protection Trust (DAPT) laws became effective October 1, 2011. One new feature is the ability to move a…
President of Building Company Liable for Negligence Despite Acting on Behalf of Company
The January 2011 North Carolina Court of Appeals case of White v. Collins Bldg., Inc. involved purchasers of beach house who filed a negligence…
CCRC Residents Should Consider Liability Insurance
Even for those who don’t have umbrella liability insurance coverage, homeowners insurance policies normally provide general liability coverage. This insurance will help…
