Many recent conversations with our clients have revolved around investment strategy and the role it plays in asset protection planning. Like asset protection, investing is very much about identifying risks, deciding which risks are worth taking, avoiding other risks. In short, both investing and asset protection are about risk management. [...]
Read the rest of this entry »Asset Protection Resources
Lawsuit Lottery Hell
Okay, so we can’t always be so serious! This is my comedic take on the ridiculousness of the legal system and where we are at today. Unfortunately it wouldn’t be so funny if it weren’t so damn true! Enjoy and please share this video, and please subscribe to my YouTube [...]Deeding Your Home To An Asset Protection Trust: Due-On-Sale Clause Lies
Recently we’ve heard a lot of rumbling from clients about banks that are just plain uncooperative and unwilling to adhere to any measure of reason with respect to asset protection trusts. Specifically, it seems that banks are succeeding at scaring people who want to refinance their homes. The typical situation [...]
Read the rest of this entry »Transferring Assets Into Your California Asset Protection Plan
It’s typically pretty easy to transfer assets into your asset protection plan. That’s especially true of Lodmell & Lodmell asset protection plans. However, there are occasionally some complications and difficulties that arise with the creation and funding of asset protection strategies. For example, California state laws impose onerous burdens relative to other [...]
Read the rest of this entry »Are You Getting Paid Appropriately?
As an asset protection attorney, my job is to help you assess and mitigate risk. In large part, my job is to help you fully comprehend where your assets are vulnerable to attack and then to advise you on strategies that can either reduce the risks or remove the assets [...]
Read the rest of this entry »Really Scary Risks to Your Assets
The scariest risks are risks that you don’t even know exist. It’s virtually impossible to manage risk that you can’t clearly define. As an asset protection law firm, we’ve become pretty attuned to legal risk, and we’ve developed methods to eliminate or, at least, curb it significantly. The problem is [...]
Read the rest of this entry »What You Don’t Know About Investing and Risk
In a past article we discussed the concept of asset protection being, at its core, a strategy for risk management. In our last article, we talked about institutional risk, and there is one salient point that is worth reiterating: In order to manage risk, you first have to identify risk. [...]
Read the rest of this entry »New Risks to Your Assets
Lodmell & Lodmell has traditionally been an asset protection law firm dedicated to helping individuals and families protect themselves from frivolous lawsuits and other legal risks. That is still the main focus of the law firm, but in 2008 we were alerted to a number of other risks to assets. [...]
Read the rest of this entry »Strategic Default: Mortgage Deficiency Judgments and Asset Protection
More and more clients have questions about putting their assets into protective structures prior to strategically defaulting on one or more mortgages. The reason is that some lenders are beginning to file lawsuits to collect deficiency judgments. A deficiency is simply the difference between what is owed on a mortgage [...]
Read the rest of this entry »Existing Judgments and Future Asset Protection Planning
Once in a while we get a case where someone is asking about ways to protect future assets from existing judgments. The answer to this question, in short, is that if you have a judgment against you personally and the assets you’re owed in the future will rightfully accrue to [...]
Read the rest of this entry »Garnishment and Asset Protection
There is no mechanism for garnishment in Texas. In short, there is simply no way to garnish wages or other types of income in Texas. The closest thing a creditor can do in Texas is try to intercept federal tax refunds, but even that is a long shot in most [...]
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