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Articles : Asset Protection |
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 As a definition, Asset Protection is the use of techniques and entities to
insulate family and business assets from claimants. The aim of many affluent
families is to make assets unattractive to claimants and make it difficult
to attach to or place a lien on the assets.
Techniques are available to protect virtually all forms of assets; homes,
investments, businesses, vehicles, etc.
The likelihood of being sued is greater if you have assets and/or are
successful in business.
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Common Areas of Liability |
- Employment practices (discrimination, harassment, termination, etc.)
- Contract disputes
- Acts of your employees
- Acts of your partners
- Business separations
- Directors and officers liability
- Negligence and degree of care
- Lending arrangements
- Leases
- Purchase and sale of goods
- Acts of children (even if they are adults)
- Divorce, separation
- Accidents occurring on your property or caused by your vehicles
- Statements you make (libel, slander)
- Professional liability for omission or malpractice
- Government regulations (environmental, OSHA, SEC, IRS, etc.)
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Articles |
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Impact of
Litigation on Small Business |
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While sitting at a traffic light waiting for the green light, you are
slammed from the rear by a drunk driver who never saw you and didn't even
attempt to stop. Clearly, you are an innocent victim with no fault in the
accident.
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Senseless Jury
Awards |
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Jury awards are sometimes staggeringly large, sometimes unaccountably low
and wildly varying even in similar cases. Such unpredictability leads to
cases settling with claims paid that should have been thrown out, and
undermines society’s commitment to employ...
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Personal Wealth Retention In America |
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American personal wealth inequality, the haves and have-nots. The United
States population is economically polarized and continuing to grow further
apart. While reliable personal wealth statistics are rare; according to
government estimates, the top 1% of wealth holders’ control 39% of US...More
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The Perils of Prosperity |
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Freedom from chronic financial concerns allows a family to strive for
enjoyment, cultural enhancement and often philanthropy not otherwise
possible. So where is the difficulty with prosperity?
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Proper
Estate Planning Documents May Be Worth Millions |
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Wills, trusts, and the like are unpleasant subject matter that is usually
considered shortly before departing on vacation. Many of us do not have a
good understanding of what our documents call for, yet these documents
represent all that we possess for those we love the most.
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Could You Lose All You Have In A Law Suit? |
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Wealthy families are vulnerable to losing much of their wealth as a
result of legal action, accident, or catastrophic illness. The use of
trusts, partnerships, and limited liability companies domiciled in
favorable jurisdictions does keep litigants and creditors at bay.
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Impact of Litigation on Small Business |
 Most
companies used business assets to pay the damages. However,
in the case of employee complaints, insurance covered some
of the damages. Owners mentioned that the payment of
damages nearly put them out of business, which affected them
for a long period of time as they worked to rebuild the
business and recoup their losses. |
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While sitting at a traffic light
waiting for the green light, you are slammed from the rear by a
drunk driver who never saw you and didn't even attempt to stop.
Clearly, you are an innocent victim with no fault in the accident.
