Why Giving Assets To Spouse, Relatives Isn’t Asset Protection

The thing about bad planing is that it tends to stack up, getting bigger and badder with each step. Like waiting too late to act, then doing what you’re not allowed to when you’re not allowed to do it. The Old, “I Don’t Own Anything, My Wife (Kid, Brother, etc.) Owns It All” We have previously […]

Asset Protection FAIL – NHL Player has Minimum Legal Auto Insurance in Accident

It’s hard to believe but it’s true. NHL player Matt Moulson (who has  a $9MM Million dollar contract with the New York Islanders) slammed his Escalade  into a Subaru last year and injured the other driver. Not surprisingly, she and her attorney have declined his insurance carrier’s $25,000.00 offer. Yes, $25,000 is all the insurance he was carrying.   […]