Asset protection is a huge part of responsible estate planning. It encompasses various goals such as orderly distribution of your estate after your demise, protection of existing assets from creditors and inheritance to ensure it isn’t lost in a divorce proceeding or lawsuit as well as reduction of estate taxes. In this blog we’ll discuss … Read moreAsset Protection Tools
Safeguarding your wealth against creditors and other people of interest is essential. It can be done in various ways like converting it to offshore asset protection trust hence keeping it out of the court of law by jurisdiction. Plans to start asset protection should be done before a lawsuit is or about to be filed. It … Read moreWhy You Should Make Asset Protection A Priority
Some people are natural entrepreneurs. Whether you got started with natural healthcare clinic or real estate business, it’s important to think about protecting your business assets as your number of enterprises and properties grow. Today, we’re here to share three quick and easy to understand tips on how to make sure no avoidable oversights put … Read more3 Tips to Protect Your Growing Business Assets
Most physicians will face a lawsuit at some point in their careers. Thousands of them are filed every year. According to a Medscape report from 2017, 87 percent of physicians say that they were surprised by their lawsuit. When a lawsuit comes, it will likely be unexpected. You should prepare for it now. A physician … Read more3 Asset Protection Mistakes That Physicians Make
It is not unheard of that a couple be married for twenty+ years, and still end up divorced. Life circumstances change, and asset protection needs to evolve right along with your marriage. That is why there has been a rise in post-nuptial agreements. A post-nuptial agreement is similar to a prenuptial agreement, in that it … Read moreAsset Protection: Post-nuptial Agreements
Owning your own business comes with an array benefits and drawbacks. A common reason prospective owners are wary about operating a business is the fear of being taken to the cleaner’s in court over a lawsuit. Your personal assets are valuable, and action must be taken to protect them. Thankfully, many strategies designed to protect … Read more4 Essential Asset Protection Strategies
One of the primary ways individuals often try to protect their personal assets is by forming a separate legal entity under Texas law. Some of the common legal entities, both in Texas and nationally, include: limited liability companies (LLCs), corporations, and partnerships. However, we do not advocate use of any of these entities to protect … Read morePiercing the Corporate Veil: Your Personal Assets Could be at Risk
When facing a lawsuit, civil penalty, tax lien, bankruptcy, or other significant financial issue, finding ways to protect your assets is very important. If your assets are not properly protected, you could risk losing them all. To ensure that you are properly protected, there are a number of different tips that could be followed that … Read moreWays that You Could Protect Your Assets
Unfortunately, the threat of a lawsuit is always there when you own a business. No matter how hard you work, you can’t always please everyone. Because of this, you must do everything that you can to protect your assets just in case. Here are some more tips to do that. Have all assets in your … Read moreMore Tips to Protect Your Assets
If you have fallen behind on a bill payment, your creditor will have the right to attempt to sue you and collect the past due amount through a judgment. If approved, the creditor will have a variety of ways in which they can collect including withdrawing from your bank accounts, forcing you to sell assets, … Read moreHow Judgment Proofing Can Protect Your Assets