Transferring Assets to a Trust

Transferring Assets to a Trust

If you want to transfer your assets to a trust (a) so that your money or other assets are protected from creditors and (b) you nevertheless have access to to those assets, you basically have the following options: Option One is to create a trust that names a trust...
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...
Risk of Using Domestic Asset Protection Trusts

Risk of Using Domestic Asset Protection Trusts

The Full Faith and Credit Clause is found at Article IV, Section 1 of the U.S. Constitution. It states: Full Faith and Credit shall be given in each State to the public Acts, Records, and judicial Proceedings of every other State. And the Congress may by general Laws...