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
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 […]
Strategic Mortgage Default – from an Asset Protection Perspective
Nearly every homeowner in America with a mortgage has had at least an internal conversation, however brief, wondering if they should let their home go like “everyone else” seems to be. A variety of issues including emotional, financial, legal and ethical concerns are part of nearly every such conversation for most of the successful people […]
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 for Your Home – Bad Legal Advice is the Norm
Mid pleasures and palaces though we may roam, Be it ever so humble, there’s no place like home. John Howard Payne (1791 – 1852) A good part of the American dream and the largest single asset many people own is their home. Whether shelter or showpiece, the sanctuary it provides and the investment we make […]
