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We Live In The World’s Most Litigious Country

Asset Protection as a field of law has developed since the 1980’s from a little- known specialty to a highly publicized area of legal practice. This growth was created by a legal system that has devolved over several decades to create a hyper-litigious society that is long on victimization and short on accountability.

America has more lawyers, files more lawsuits than any other country in the world, and the numbers keep growing every year. According to Towers Watson, the cost of civil justice in America has surpassed $300 billion a year.

Our legal system has come to resemble a perverse redistribution-of-wealth scheme that encourages plaintiffs, who risk nothing, to sue anyone who may appear to have the ability to pay. Civil litigation has become big business with hard working professionals, business owners and employers becoming an attractive source of profit.

Asset Protection planning gives you the option to legally defend yourself from the frivolous lawsuits that are often focused your way. Unfortunately you have a huge target on your back for many reasons. Click on a profession to see common reasons:

Any one of these factors alone, makes you a target for lawsuits, but the combination of several, accurate or not, creates a need for proactive planning to ensure your assets are protected from predators.

Estate Planning is Critical, but Won’t Protect Your Assets

The Revocable Living Trust (RLT) is a wonderful estate-planning tool that can avoid probate, minimize estate taxes, and provide a legacy for your family, loved-ones and beneficiaries. The RLT does not, however, shelter you from any sort of lawsuit exposure during your lifetime. Asset Protection Planning, in contrast, does offer such protection, and will complement your estate planning.

In addition to the obvious exposures created by wealth, high-income, and a high-risk profession, you also expose yourself to every-day risks like, driving a car, owning real estate, or having children that drive.

Basic Risk Management is Critical, but Insufficient

You may have done a good job already with basic level risk management measures like insurance or even creating a business entity for yourself or some of your assets.  These are important first steps, but they fall short of having an effective legal shield that covers the gaps which insurance and a ‘corporate veil’ leave open.

We can help you cover these gaps with comprehensive legal defenses you can think of as “net-worth insurance” that places your personal assets beyond the reach of future creditors.

“Net-Worth Insurance” removes the economic incentive for a plaintiff to sue, except for maybe up to the limits of your insurance coverage.  Why pursue a long and expensive court proceeding if the assets cannot be reached?

Procrastination is Not an Option

Asset Protection is difficult, if not impossible, after a lawsuit has started. Attempting to take action after-the-fact puts you at risk of “fraudulent conveyance”, opening the door for a court to take back the assets you tried to protect. The time to act is now when waters are calm. Hoping that you won’t get sued is not a plan, it is just wishful thinking.

Lodmell & Lodmell’s asset protection services begin with a no-obligation, confidential review of your financial resources, including your risk level, assets classifications, and personal objectives. Taking control of your financial, estate, and asset protection planning is critical to your peace of mind.

5 Reasons Why the Bridge Trust® is Better than a Foreign Asset Protection Trust

Pashmina Lalchandani

CEO & Co-Founder, Bar & Cocoa / Owner, Flow Simple
December 9, 2010, Douglass was a client of Pashmina’s

I’ve known Doug in many contexts, as a friend, as a client and as a business partner and he impresses me on all levels. He’s dependable, smart, generous and I wouldn’t hesitate recommending him and his law firm to anyone.
He’s the best and most ethical lawyers providing asset protection with rock solid strategies to give you peace of mind about your wealth. Straight forward, and straight talk. Doug is exactly the lawyer I want on my side. If I send someone to Doug, I know they’ll thank me for it!

Social & Solar Entrepreneur, Pan Afrikan Theorist, Translator/Interpreter,
Founder & Visionary Leader @ Afrikanpride.
March 12, 2011, Marlon E. D. J. worked with Douglass but at different companies

Doug is one of the most powerful thinker i have came across. During the short time that i have known Doug he has been a great source of inspiration. He has a simplistic yet effective and accurate way to analyze anything you bring to his attention, and then by asking you key questions he gets you to see the light at the end of the tunnel. Besides being extremely bright, he is a genuine and caring individual which is why I feel fortunate to know him. I can say without a doubt that he his the person you would want to talk to if you were in need of a person with his expertise.
Most of the lawyers out there will probably meet your needs, but if you are looking for someone to exceed your expectations and give you that wow factor, look no more he is the person for the job.

Patricia Salter

Associate Dentist at Smileology
December 1, 2010, Patricia was a client of Douglass’

I have been a client of Douglas Lodmell’s since 2001. My main concern was asset protection in this litigious society. I can sleep alot better at night knowing I have the instruments in place to protect the fruits of my labor, and that they will not end up in the hands of a slick trial attorney.

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