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Once upon a time....

Having practiced law for just over 20 years, my sense is that our legal system will eventually impact everyone in this country in some way or another. The wonderful thing about it (and what attracted me to law in the first place) is that when the legal system works, as…

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Domestic vs. Offshore Asset Protection

Domestic asset protection is any form of protection that relies on the laws of the United States for its ultimate security. This begins with the simple bankruptcy exemptions which are available to everyone and culminates with a Domestic Asset Protection Trust (DAPT), now available by statute in 16 U.S. states…

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Funding

The funding of the entities in your planning is critically important and is the responsibility of you and /or your spouse. Remember, your plan is only useful to protect if your assets are titled in the name of the plan. Lodmell & Lodmell cannot complete the funding process for you.…

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The Game That Everybody Plays, Like It Or Not.

If the exorbitant out-of-pocket cost of lawsuits for personal injury and other wrongful acts fails to cause extreme apprehension about the direction the U.S. legal system is moving, consider the adverse impact the proliferation of litigation has had on the character of Americans doing the suing, as well as those…

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A Society of Victims

In today’s litigious society, it is an almost certainty that everyone knows someone who has battled through some legal obstacle. Another almost certainty is that, with tens of thousands of civil lawsuits filed every day, chances are your turn is coming, if it hasn’t already happened. Why is this so?…

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Class Action Lawsuits

Class action lawsuits are where the real money lies in the U.S. tort system! In general, a class action is a lawsuit where many people with similar complaints join together to sue one person, company or other organization. Some call it the predator-attorney’s weapon of mass destruction. Without a doubt,…

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How Does an Irrevocable Trust Work (Is it really irrevocable)?

The concept on irrevocably seems simple.  Irrevocable means any action which once done, cannot be undone.  For example, once you jump off a bridge, you are off.  There is no undoing it and reversing yourself up (unless you have a bungee cord). When it comes to the legal world the…

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Judicial Reform

Court reform is as important as tort reform in returning justice to America’s civil justice system.  Judges must remember that courts are places were injured people can be compensated for wrongs done to them— not where opportunists can strike it rich! Unless judges get back in the business of judging…

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