It is important to understand that the fundamental purpose of the legal tools employed in asset protection planning is neither to hide personal or business assets nor to deprive the U.S. Government of taxes derived from the income earned on those assets. Rather it is to shield assets from unforeseen attacks by dubious creditors or plaintiffs.
State laws, Federal laws, insurance policies, trusts, limited partnerships, and limited liability companies will each provide some benefit, but separately cannot protect ALL assets.
Vulnerable assets can be protected through the utilization of a comprehensive plan. This often includes an Asset Management Limited Partnership ™ (AMLP) together with a carefully crafted Bridge Trust ®. Collectively these tools provide a significant shield for your vulnerable assets, keeping them safe and out of the grasp of predatory creditors.
Each Integrated Asset Protection Plan is customized to our client’s needs. Designed by experts at Lodmell & Lodmell, these legal structures are designed to preserve and protect your wealth.