Revocable vs Irrevocable Trust - Whats the Difference?
Wednesday, April 22
One of the top questions I am asked is “what is the difference between a revocable and irrevocable trust?” The difference can be confusing, along with the reasons why. Especially when you see so many different types of trusts and terms such as: Revocable Living Trust, Irrevocable Trust, Revocable...
Asset Protection Trusts – Domestic vs Foreign
Monday, March 09
What is an asset protection trust? Who needs them? Where do you set them up? Lets jump into this. Lets start with the need for asset protection and why asset protection works. Asset Protection works by removing the economic incentive for a person, and that person’s attorney to pursue you in a cou...
Asset Protection and Divorce
Friday, March 06
Nobody gets married planning to get in a divorce. But the very sad thing is that divorce happen, and they now happen more then 50% of the time. Now, the typical asset protection situation is where individuals or married couples look to protect their assets from other third parties, like creditors...
Asset Protection vs Bankruptcy aka Debt Relief vs Collection Defense
Wednesday, March 04
Bankruptcy is a simple concept to understand: create a fresh start without the burden of an overload of debt. But bankruptcy is very misunderstood and today, more and more people jump into bankruptcy as a first option. As a real estate investor you should understand the difference between two ve...
Asset Protection for Medical Doctors also Investing in Real Estate
Wednesday, March 04
Doctors have a very real threat of out-of-control lawsuits and ridiculously high jury awards. For all of you working in the medical field, you should be proactive and have a properly drafted asset protection plan. The unfortunate reality is that medical malpractice litigation alone is a multi-bi...
LLC Asset Protection for REI - The Pros and Cons
Tuesday, March 03
How is it that after 300 years of doing it right, did the U.S. legal system shift to a “sue happy nirvana?” It happened when well-meaning, but misguided judges, decided society could sue itself to their hears desire. This opened Pandora’s Box to a new breed of aggressive, hard-nosed and money-mot...