Archive for June, 2010
Hidden Wealth Radio
Thanks to Chuck Oliver, founder of The Hidden Wealth System, for inviting us onto his radio program to discuss estate planning, asset protection, and business counseling. We both enjoy the opportunity to work with thoughtful and active counselors and advisors like Chuck. The report mentioned during the radio program–Asset Protection Planning in Florida–can be found [...]
Asset Protection Planning in Florida: Fraudulent Transfers
In order for any asset protection exemption or planning technique to be effective, it needs to be implemented before the event giving rise to a third party creditor’s claim has occurred. If a person waits until there is an actual specific threat of liability to a third party, then utilization of the foregoing exemptions or [...]
Asset Protection Planning in Florida: Common Techniques
The techniques described here are means of titling or transferring property to make it immune from creditors’ claims against the owner personally. Effective use of these techniques is at all time subject to the exceptions for fraudulent transfers and conversions. The following discussion is a summary only. If you would like more information about these [...]
Asset Protection Planning in Florida: Exempt Property
The exemptions discussed below are privileges or rights granted by law to a debtor to enable him or her to retain a portion of his or her property free from judicial seizure and sale to satisfy the claims of the debtor’s creditors. Effective use of these exemptions is at all time subject to the exceptions for [...]
The Cost of Business Liability Protection
For operating businesses that own real estate–office space, warehouses, etc.–common advice is to put ownership of the property in a separate company. The goal is to shield the property from judgment creditors of the operating business. This isn’t bad advice, but as with everything in life, there are costs. Obviously, there are the costs of [...]