Professional atheletes are great at making money but often lack the support and guidance they need to effectivelty keep it. Some Asset Protection issues address active threats, like lawsuits, others address more passive and predictable issues like income and estate taxes. This article provides a simple summary of taxation issues that professional athletes, their managers […]
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 […]
The next 60 days marks the final push to sell physicians and private business owners across the United States tax plans of both good and questionable value. Promoters of various plans are well aware of the pressures affecting your income and will make a variety of frivolous arguments that appeal to your desire to save. As […]
RELYING ON GIFTING TO RELATIVES AND FRIENDS (SEE ALSO FAILING TO ACT) Transferring all of your assets to your spouse and/or children, especially after something has happened, will not protect your assets from a lawsuit. Even if it did protect those assets from your lawsuits, transferring your assets to your spouse and/or children opens up another Pandora’s […]
The Secretary of State’s Securities Division has issued a cease and desist order to a Wyoming company doing business in Nevada to stop selling shell corporations registered with his office because it is a securities violation.
ASSET PROTECTION UPDATE: Why Top C.P.A. Help is a More Important Part of a Medical Practice (and Every Other Business) Team than Ever Before I’ve always taught that Asset Protection goes beyond just legal planning and must include insurance, accounting and financial planning expertise to implement a truly protective and holistic plan. Given the economy […]
Guest Column By Debra Callicut Partner Henry & Horne, LLP It has been reported that Usain Bolt turned down an opportunity to run at a UK athletics event as the tax he would suffer filing as a nonresident earner of the UK could have potentially exceeded his UK earnings. The reason behind this apparent unfair tax […]