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 [...]
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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 [...]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 [...]
Read the rest of this entry »Asset Protection for Homestead “Accounts”
We’ve written quite a lot on the subject of asset protection homestead exemptions and the very strong protections afforded to Florida homesteads. Texas asset protection laws also afford strong protections to the homestead. One question that comes up from time to time relates to the homestead accounts. A homestead account is an [...]
Read the rest of this entry »How to Protect Your Assets From Lawsuits Part I
The major risk to assets that Lodmell & Lodmell has fought against is the risk that legal claims pose to assets. It’s been our focus for a very long time, and we are very good at protecting against legal risk. We began with the simple question of how to protect [...]
Read the rest of this entry »How To Open An Offshore Trust & Other Asset Protection Questions Answered
Frequently Asked Questions About Offshore Trusts and Asset Protection: Are offshore trusts legal? Absolutely. Generally speaking, trusts are some of the oldest legal tools in existence. They have been around for centuries, and courts have repeatedly upheld them as a legal method for protecting wealth and assets and, eventually, passing [...]
Read the rest of this entry »It’s Never Too Early And OFTEN TOO LATE For Asset Protection
Asset protection works. If you have assets, it most certainly makes sense that you consider devising an asset protection strategy and implementing an asset protection plan as soon as possible. Why the urgency, you might ask. The answer has everything to do with the way the laws are written, and [...]
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