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Alter Ego Applied to Trusts- 2 Cases, 2 Different Results 27 May 2012 | 05:14 am
One way to attack an irrevocable trust is to prove that the trust is the alter ego of the grantor because the trust is operated in a manner so that it has no separate existence from the grantor. So...
Building a Better Asset Protection Trust 8 Oct 2010 | 01:10 pm
I am an asset protection attorney, a tax attorney, and a law school professor. I recently wrote an article about a revolutionary technique for creating a better asset protection trust. I call this a...
Asset Protection Using an Offshore Trust 24 Aug 2010 | 11:15 pm
Previous case studies on this site were favorable towards the use of an offshore trust for asset protection in the right circumstances. Due to an overwhelming amount of recent case law to the contrar...
You Don’t Have To Move Your Money Offshore To Get Asset Protection 20 Aug 2010 | 07:09 am
If you're aiming to stiff creditors, litigants or an ex-spouse, should you hide your money in Nevis or Nevada? From the article: Forget about hiding money offshore from the Internal Revenue Service-...
Asset Protection Using Irrevocable Trusts 23 Jul 2010 | 06:57 am
In 2002, Client commenced operations in a risky business with heavy government regulation and a potential for significant fines and penalties. In 2003, Client transferred a home and cash in the amoun...
Asset Protection Using Separate Property Ownership 23 Jul 2010 | 06:53 am
Wife was worried about the debt incurred by husband and by the financial risks involved in husband’s business. Husband and wife entered into a post-nuptial agreement in 1991. At the same time, clients...
Asset Protection Using Charging Order Protection 22 Jul 2010 | 06:55 am
Client entered into a partnership with two partners who agreed to perform management services. Client was a passive investor who contributed money, but was not involved in day-to-day operations. The p...
Asset Protection Using Liens and Leases 21 Jul 2010 | 06:56 am
Client was in a high profile position and wanted to protect his home and his cash from frivolous lawsuits. Client could not transfer the home to another entity without losing tax benefits, triggering...
In re Baldwin, 593 F.3d 1155 (10th Cir Ct. App. 2010) 20 Jul 2010 | 05:30 am
In this case, a father created a limited partnership under Oklahoma law in 1994. The father deeded 200 acres and a house to the limited partnership. As the trustee of a trust, the father retained th...
Shaun Olmstead vs. Federal Trade Commission, No. SC08-1009, June 24, 2010 15 Jul 2010 | 05:27 am
In this case, several individuals perpetrated a credit card scam through several corporate entities. In response to this crime, the FTC sued them and the corporate entities for unfair and deceptive t...
