Personal Liability Insurance Umbrella Policies Remain Vital Asset Protection for Doctors, Business Owners

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The law, like medicine, offers few absolutes: Personal liability umbrella policies are not a “magic bullet” that either always or never works. Despite their limits, they remain a key tool in your personal asset-protection plan and your most essential (and affordable) first line of defense. We’ve discussed the fact that many doctors and business owners […]

Is your housekeeper, chef or nanny a lawsuit liability? Probably.

DOMESTIC EMPLOYEE

The frequency and exposure of lawsuits by various domestic help is a serious and growing threat. In the last few years I have seen more claims by domestic staff including maids, nannies, housekeepers, cooks, gardeners, personal trainers and etc. than ever before. Claims include wage and labor issues, sexual harassment, personal injury, wrongful termination, and […]

GUN TRUSTS: Their Value and Use to Gun Owners and Planners

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Great informative article by attorney Dennis Brislaw on the use of “Gun Trusts” by lawyers and their clients. A Gun Trust Helps Protect Your Client from “An Accidental Felony” READ IT HERE: http://tinyurl.com/GUNTRUST   We will soon be offering these to our clients as well for a variety of reasons including:  1. A large number […]

10 Survival Tips on Asset Protection for Real Estate Investors & Owners

ASSET PROTECTION - REAL ESTATE

  Real estate management issues fall into several basic categories: debt, liability, and loss. We provide an introduction to these issues to help you get your house in order below. As many business owners and physicians also have investment in real estate outside their business itself, I’ve included issues of wide applicably. Debt The nature of […]

Asset Protection, Gun Ownership and Parental Liability

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In the tragic and horrifying wake of the recent series of public and school shootings many people are reexamining their rights and duties and parents and gun owners. The essential legal question is, “Am I liable for criminal acts committed by my children?”, in my opinion the answer is generally yes. If an an act […]

Arizona Anti-Deficiency Overview – An Asset Protection Road-map

As we have discussed often in this forum, Asset Protection NOT just about lawsuits, it’s increasingly about any source of loss, risk or exposure to your hard earned wealth. In some cases your assets themselves, like real estate, create the liability we are concerned about. Given the carnage in the real estate market over the […]

Short Sale Time Bomb Affects all Buyers and sellers as Mortgage Debt Relief Act Expires – 2012

HOME EQUITY LOSS

Asset Protection is increasingly broadening in what people want from it, it’s not just about litigation and must include an analysis of ALL risks to our clients’ wealth including those posed by debt, investments, taxes, insurance gaps and most notably over the last 5 years, real estate. Below, Realtor Alex Goldstein, who has helped many navigate […]

Teen who takes stolen drugs at party sues pharmacy, parents of party host and others, WINS $4.1MM

THE DANGER OF

Teen who takes stolen drugs at party sues pharmacy, parents of party host and others, wins $4.1MM http://www.nj.com/news/index.ssf/2011/12/saddle_river_man_to_receive_41.html The article  link above shows the scope and zeal of lawsuits that seek to assign blame in their quest for a deep pocket. In this case, a former employee of a pharmacy steals drugs (Xanax) and takes them […]

Joe Paterno House Transfer Won’t Shelter Him – Asset Protection FAIL

ASSET PROTECTION FRAUD

As always, timing is everything in Asset Protection planning, rule number one is always do something today, while the waters are calm and you have the greatest number of effective  legal options. The link to the story below shows how poorly timed, late transfers are viewed. Sometimes the late transfer is intentional, sometimes it’s just plain […]

Asset Protection: Are Your Children a Lawsuit Exposure?

KIDS & LAWSUITS

I clearly remember when I first really understood that my parents were responsible for my actions.  I was 15 years old and standing in front of my high school with my friends when a kid from another clique walked up and started running his mouth a bit too much. One of my friends objected and […]