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 particular client must be done with respect to the…

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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 tax savings. Real estate is not only a very stable investment in many foreign countries, it is also…

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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 to the IRS in a Form 5472 filing. The…

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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 are considered formed or availed of for the purpose…

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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 Protection Really is, and how it actually works.

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I often get questions that point to a very important distinction within asset protection. They basically go like this:
“Doug I heard you describe why you consider real estate assets as different from cash or liquid assets because a local judge could order those properties sold no matter who they are titled too. What use is an LLC or an LP if the judge can disregard it?”

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Our legal system has come to resemble a perverse redistribution-of-wealth scheme that encourages plaintiffs, who risk nothing, to sue anyone who may appear to have the ability to pay.

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In litigation, flexibility is the key to winning. No litigator wants to go into the courtroom with only one argument. Prosecutors go for multiple ‘lesser included charges’ just to make sure they leave with a conviction. Defense attorneys prepare as many defenses as possible, even though just one winning argument is enough.

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APC Member Attorney Ike Devji is featured in the April 2016 edition of the Independent Business Magazine. In the article, “A Passion For Protection: It’s Not Just What You Make, But What You Keep,” Mr. Devji shares his personal experiences on the need for asset protection and his motivation for becoming an expert in this…

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Read APC Member Attorney Ike Devji’s new article in Independent Business Magazine on the layers of liability insurance required to create an insurance “program” that is always the first line of defense in any competent asset protection plan. We cannot strongly enough stress the importance of this coverage including a personal liability umbrella on home…

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How can a client be sure that the new foreign Trustee doesn’t run away with the money should we ever need to use the Trust?

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The last four years has created an explosion in the Asset Protection planning field due to both the large number of people who have finally realized that their wealth is more finite and fragile than they ever imagined and the litigation boom that inevitably follows tough times.

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The concept of Fraudulent Conveyance is one of the most often asked about issues when I speak with a new client. In this article we will take a much closer look at what it really is.

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The most common question I see from Attorneys interested in adding Asset Protection to their practice is: How much net worth does a client need to consider asset protection? And then how much is it going to cost them?

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