Asset Protection 101 is an overview of this important topic.
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Asset Protection Law Journal has a blog post that discusses which offshore jurisdiction is the best place to form an offshore asset protection trust. New York Times: “The Cook Islands have a smaller population — about 20,000 — than one apartment complex in Manhattan, and an economy with little to offer except tourism and pearl exports. The country contracts out its national defense to New Zealand, which is four hours away by plane. But sand [...] Phoenix Business Journal: “The state has reached a $150,000 settlement with apartment landlords over their treatment of a disabled tenant . . . . [Arizona Attorney General] Goddard also said the state had reached the $150,000 settlement with National City Neighborhood LLC and its principals over treatment of handicapped tenant. The settlement [...] Asset Protection Law Journal: “One of the best known international tax havens — the Cayman Islands — is being forced to consider something that would have been unthinkable only a couple years ago: raising taxes. This may be yet another blow to Americans who hold assets in offshore accounts. As reported in [...] There are fraudulent conveyance laws that prohibit a debtor from transferring the debtor’s assets for less than adequate consideration if: (i) the transfer makes the debtor insolvent, or (ii) the transfer occurs when the debtor is insolvent. One of the remedies available to a creditor who proves that a transfer of property [...] Question: I understand that if I form a limited liability company to operate my business and I am the only person who provides services on behalf of the business that I can be sued and be liable for my acts or omissions that cause harm to third parties. Instead of forming an [...] Some basic asset protection steps for physicians and nonphysicians too. Attorney Robert Moshman wrote an article that gives an overview of a relatively new type of trust called a “Domestic Asset Protection Trust” or DAPT. The article is about Nevada’s new law that authorizes the creation of a Nevada based-trust called the “Nevada Asset Protection Trust (NAPT).” Several states including, Alaska, Delaware [...] |
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