A client recently asked: Why is an Arizona holding company is preferred, and how are the limited rulings to charging orders an advantage? What if I don’t live in Arizona do I need to file taxes there?
The AZ LP as my preferred choice as a […]
We are all truly facing unprecedented times. The COVID-19 pandemic has impartially and almost instantly impacted our lives globally, socially and economically in ways never before seen in this great Country’s history. Financial experts opine that the U.S. economy may shrink by fifteen percent (15%) in the three months to June and the national unemployment rate may jump from 3.9% to 6%. According to recession forecasters, a significant jump in the unemployment rate signals an imminent recession.
Doug recently did a podcast hosted by Buck Joffrey of Wealth Formula!
“If you can’t explain it, you don’t understand it. Remember that the next time you look across the table at a financial advisor type and feel confused. Ask yourself if you could explain what […]
Fifteen years ago “asset protection” was a brand new area of law only a few experts were familiar with. Today it is well understood that asset protection means setting up specific legal tools which protect your assets from a creditor, while allowing you and your […]
If Cupid has finally found his mark and you are engaged and planning a wedding, don’t forget to budget time and money for a prenuptial agreement (or “prenup”).
Disclaimer
The client information summarized here represents an actual client. Names and all identifying information has been removed or changed to protect the attorney client privilege. This information is designed to be used as an instructional tool only. Determining the appropriateness of any planning for any […]
The term “global marketplace” has never been more descriptive-particularly when it comes to real estate. There are numerous reasons why many of our clients invest in property overseas, including asset protection, portfolio diversification, retirement planning, privacy, and […]
The Internal Revenue Service and Department of the Treasury recently finalized regulations that create additional reporting requirements for foreign-owned entities in the United States.
Specifically, the new rules require domestic disregarded entities wholly owned by a foreign individual (single-member LLCs) to annually identify its beneficial owner […]
Recently created rules outlining IRS reporting requirements for entities with foreign asset holdings or transactions are in effect this tax season – and failing to follow the new rules can result in significant penalties.
The rules will require covered domestic corporations, partnerships and trusts – which […]
Welcome to the Key Concepts of Asset Protection. My name is Douglass Lodmell, Asset Protection attorney and founder of the Asset Protection Council.
In this podcast series, you will learn about the 15 Key Concepts that I consider critical if you want to understand what Asset […]
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