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All Forum Posts by: Pat Marco

Pat Marco has started 1 posts and replied 96 times.

Post: Asset Protection

Pat MarcoPosted
  • Real Estate Attorney
  • Manhattan, NY
  • Posts 129
  • Votes 105

You are confused as evidenced by your response.

You can still use GRATs and GRUTs is you are behind the time.

Your attorney maybe an extertaining golf player but he may not be up to date on ways to avoid these elaborate and complicated structures

You claim that your attroney si your friend but you want to sue him? what kind of person are you?

The more you write the more you expose yourself.

Give it a rest Mr Taylor

Post: Asset Protection

Pat MarcoPosted
  • Real Estate Attorney
  • Manhattan, NY
  • Posts 129
  • Votes 105

You seem still a bit confused...To be more specific congress has introduced new tax incentive laws on January 6, 2012 that make the GRATs, GRUTs and GRITs absolete.

My associate specialize in this area if you wish to pursue.

Post: Asset Protection

Pat MarcoPosted
  • Real Estate Attorney
  • Manhattan, NY
  • Posts 129
  • Votes 105

Hello Mr. Taylor,

My associate can communicate with by phone for a free consultation regarding you need. We try not to use CRT or Irrevocable Trusts so we can keep our clients in control of their assets and capital.

We will need to know more about your specific need

Post: strongest asset protection

Pat MarcoPosted
  • Real Estate Attorney
  • Manhattan, NY
  • Posts 129
  • Votes 105

I am not sure why several people say that you should have your assets in LLCs. I am an attorney and have sued many people successfully and went after their LLCs assets because they had plenty of equity in those assets (and of course that was beyond their insurance coverage)

For quite a few years now instead of placing each one of the properties in a separate LLC (which would cost our clients a lot of money and hassles) What we do is strip the equity by placing a special kind of lien against the equity of each of their properties.

There is a way to do that with legal reason and the liens are to their own LLC (just one LLC entity in WY that can strip the equity of all their portfolio of properties making it impossible for anyone to collect anything beyond their insurance coverage)

By the way the structure I am writing about here keeps our clients in full control with no on going fees or modification fees and they only pay a small amount to keep that one LLC current each year

This of course has to be structured prior to being sued because if you use our services to structure your assets in this manner, it will only take 3 days but if you have a lawsuit that has been filed against you, there is a 50/50 chance the plaintiff's attorney will complain to the court that the liens were placed after the lawsuit had been initiated.

Post: Asset Protection

Pat MarcoPosted
  • Real Estate Attorney
  • Manhattan, NY
  • Posts 129
  • Votes 105

I am an excellent tax and asset protection attorney specializing in real estate and business

Our focus is on simple, inexpensive and powerful structures that are:

1) easy to understand and fast to implement

2) easy to use to conduct business and transactions without on going attorneys help

3) easy to modify or change

4) easy to unwind or cancel

5) easy to pass on to loved ones in the future

What we have successfully done for our clients for years is strip the equity by placing a special kind of lien against the equity of each of their properties.

There is a way to do that with legal reason and the liens are to their own LLC (just one LLC entity in WY that can strip the equity of all their portfolio of properties making it impossible for anyone to collect anything beyond their insurance coverage)

By the way the structure I am writing about here keeps our clients in full control with no on going fees or modification fees and they only pay a small amount to keep that one LLC current each year

This of course has to be structured prior to being sued because if you use our services to structure your assets in this manner, it will only take 3 days but if you have a lawsuit that has been filed against you, there is a 50/50 chance the plaintiff's attorney will complain to the court that the liens were placed after the lawsuit had been initiated.

Let us know if we can assist you since you needed guidance

Post: Asset Protection

Pat MarcoPosted
  • Real Estate Attorney
  • Manhattan, NY
  • Posts 129
  • Votes 105

I am not sure why several people here wrote that you should've had your assets in LLCs. I am an attorney and have sued people successfully and went after their LLCs assets because they had plenty of equity (and of course that was beyond their insurance)

Hindsight is 20/20 but I want to be clear that instead of placing each one of the properties in a separate LLC (which would've cost you a lot of money and hassles) I should've stripped the equity by placing a special kind of lien against the equity of each property. There is a way to do that with legal reason and the liens are to your own LLC (just one LLC entity in WY that can strip the equity of all your portfolio making it impossible for anyone to collect anything beyond your $15k low coverage which should've been a lot more than that and you know it!)

By the way the structure I am writing about here keeps you in full control and you do not need to transfer assets, since we just record the liens against them.

I am not soliciting your business because if we do this for you now, there is a 50/50 chance the plaintiff's attorney will complain to the court that the liens were placed after the lawsuit had been initiated.

All you can do now (and this is not a specific advise since I do not have all the facts and am not handling your case) is try to reason with them by playing the poor old boy card!