99% of Asset Protection Plans Don’t Work

99% of Asset Protection Plans Don’t Work

I saw attorney Jay Adkisson speak at an attorney conference today. He’s been an asset protection attorney for decades. Now he spends most of his time helping creditors collect on judgments, but also help with asset protection. In other words, he plays on both sides of...
Why Did I Become a Lawyer?

Why Did I Become a Lawyer?

Why did I become a lawyer? I’ve been a lawyer for about 20 years. The reason I personally went to law school was to figure out how the world works (and do you have the opportunity to make more money). Prior to going to law school, I was a musician, and I have to admit...
Who Needs an Asset Protection Plan?

Who Needs an Asset Protection Plan?

This question is like asking, “Should my baby get vaccinated?” Sure, the chance of getting polio in the U.S. is now quite low (due to the push in years past to vaccinate all children). But … if your child is unlucky enough to get polio, he or she could end up in a...
Part Two: Using an Onshore Versus Offshore Asset Protection Trust

Part Two: Using an Onshore Versus Offshore Asset Protection Trust

In the last blog post, I mentioned that moving your assets out of the U.S. (for a U.S. citizen) to a trust under Cooks Islands law gives you enormous leverage.   So how do you get over the hurdle that most people don’t want to send their assets to a strange trust...