Paul Deloughery
Blog
The Living Trust Myth
I dedicate this front page article to addressing myths and “shiny objects” that don’t work. This month, I’d like to address one of the sacrosanct beliefs held by all respectable and educated persons -- namely, that trusts avoid probate. HERE’S THE MYTH: The...
Paul Deloughery with 8 Reasons to Review Your Estate Plan
If you have a Will and/or Trust, you’re ahead of 60% of Americans. But getting an estate plan in place is kind of like changing the oil in your car. You can’t just do it once and forget about it. Here are 8 reasons to review your estate plan: You move to...
A Destination, A Flight Plan, And A Compass
While reading Stephen Covey’s, The 7 Habits of Highly Effective Families, I found that even in the first 50 pages of the book, it starts to make you think about your situation and family. It also points out the fact if this is a family issue you want solved, you may...
Raising Minors Rich
There is a certain stereotype involved with children growing up in rich families. They are viewed as spoiled, pretentious, and even brats. Though not all wealthy family raise their children to be this way, you see some that fit into this mold. As a parent, you have...
Paul Deloughery on Asset Protection
Many people believe that they will never be sued so they don’t bother to protect their assets. After all, you know you’re not a bad or negligent person. You know that you would never put someone else at risk. But here’s the thing, being sued is a lot more...
Asset Protection in the Ukraine
I’m currently spending time with my Ukrainian wife in her hometown of Mariupol, Ukraine. I have recently posted Traveling to Ukraine. Ukraine is an example of what happens when people use what I do (asset protection) to undermine an entire economy. It’s sad. There is...
The Forgotten People
We Americans have big hearts. We have fund-raisers to combat homelessness, cancer, childhood hunger, recovering drug addicts, veterans, and the families of fallen law enforcement. Every religious group, ethnicity, philosophy, health condition, and political group has...
How to Prevent Court Battles Over an Older Man’s Money
A recent study of online dating websites found that women find men most attractive at 50, and men find women most attractive when they are 18. This doesn’t seem shocking to me. Prior to focusing my practice on asset protection, I practiced probate litigation. I can...
How to Organize Your Important Documents and Digital Information
Life has gotten a whole lot more complicated than it was when I was a child in the 1970’s. My parents had keys to the house, their business, and our boat. They probably had a few other random keys as well. But they didn’t have long lists of passwords to various...
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...