Former NFL Star, Jim McMahon named in FDIC Lawsuit – Board Member Liability – Asset Protection

The FDIC brought a lawsuit against Illinois Broadway Bank and former NFL player Jim McMahon is one of the seven former board members for the bank.   The FDIC is suing to recover $104 million from 17 bad loans that the bank made before it shut down in 2010. We warn all clients about Board […]

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

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 […]

Man found dead in NFL player’s pool

NFL player has guest die in pool during party. This creates liability and the possibility of wrongful death lawsuit against him that he has likely NOT been prepared for by his manager, agents or estate planner. His home-owner’s insurance is likely to be inadequate.

ASSET PROTECTION – APROPRIATE LEVELS OF LIABILITY COVERAGE FOR AUTO POLICY

ISSUE: APROPRIATE LEVELS OF LIABILITY COVERAGE FOR AUTO POLICY This actually comes to me through a relative, who is now in an unfortunate position: While driving in the middle of the day our friend, “Mr. Good” was struck broadside while crossing an intersection with a green light. The driver of the other car was turning […]