Are 529 plans creditor protected? Maybe.

529 plans

Asset Protection attorney Ike Devji was recently quoted in financial author Geri Detweiler’s article on creditor protection of 529 college savings plans that appeared at Yahoo Finance and Credit.com among several other sites.   SEE THE ARTICLE HERE:  http://blog.credit.com/2015/10/can-a-debt-collector-take-my-kids-college-fund-126590/   The article explores the often complex and confusing laws surrounding the creditor protection of 529 […]

Is Using Offshore Trusts for Asset Protection Still a Good Idea?

OFFSHORE ASSET PROTECTION TRUSTS

There are many specific methods for implementing Asset Protection planning, some work some don’t. We’ve always had a bias towards the use of offshore trust structures set up at the right time, in the right place with the right language. Why? Because they take the discretion away from plaintiffs and their attorneys and create a […]

What’s the Difference Between a Will and a Trust and Which one Do I Need?

FAMILY

An estate plan is always necessary unless you want your estate to pass through “operation of law” which involves the long, uncertain, public and expensive process at your death with a stranger (the courts) deciding who gets everything you leave behind. This process often leads to heartache, delay and additional stress for those you leave […]

Holiday Shopping, Cyber Crime and Personal Secuirty – Asset Protection

Holiday Scams

Whether you are a Black Friday, Cyber Monday or everything in-between shopper, the number of threats to your wealth and assets both in person and online at a  high at this time of year. Here are some issues to look out for to protect yourself, your family and the joy of the Holidays. Yes, this is […]

Asset Protection, Gun Ownership and Parental Liability

70 Series

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 […]

Protection for Your Most Valuable Asset…Your Children

FAMILY

We always try to to be clear about the difference between two related sciences, Estate Planning (a.k.a. DEATH planning, what happens to my “stuff” and family when I die) and Asset Protection planning (a..k.a. LIFE planning how do I make sure my “stuff” lasts my whole life and is preserved for my family).  At the end of […]

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 […]