It has become exceedingly difficult for business people and professionals to conduct their affairs without exposure to the hazards of litigation and creditors arising both inside and outside their businesses. There are methods by which professional...
The article offers information in protecting assets from creditors in the U.S. It notes the consideration of purchasing an umbrella liability policy from a property and casualty agent by professionals and businesses to prevent exposure of assets in times of lawsuits. Furthermore, it also suggests ...
your home, your money and other personal property, and your future health needs. We are a law firm specializing inWills, Trusts, Estates, Elder law,and Asset Protection legal services that will allow you to avoid probate, shield your assets from potential creditors...
One of the biggest, baddest creditors out there is the Internal Revenue Service (IRS or Service), wielding two weapons of mass collection: the federal tax lien and the federal tax levy. Professor Camp offers some ideas on how to keep the federal tax lien locked out from trust assets using...
Retaining control and enjoyment over assets while sheltering those assets, to the extent possible, from the claims of creditors is the key focus of these techniques. There are three basic asset protection techniques: insurance, statutory protection, and asset placement. None of these techniques alone...
It’s important to understand what revocable trusts can not do. Revocable trusts do not protect your assets from creditors or from lawsuits. That’s because, from a legal perspective, a grantor who has created a revocable trust can retain some control over that trust when they’re a trustee...
However, there are tools that creditors can use to properly assess these risks and protect themselves in these transactions. Some proactive steps are relatively easy and inexpensive, and are usually prerequisites to seeking protection under safe harbor provisions such as the one found in CERCLA. If...
, you can lose your ability to discharge debts altogether.Denver bankruptcy lawyer Jon B. Clarkehas more than 35 years of experience in bankruptcy law. He understands how to use the bankruptcy laws to a client’s advantage in order to clear certain assets to protect them from creditors....
Providing peace of mind, since 1960. Danziger & Markhoff LLP is a nationally recognized firm with two offices conveniently located in the New York City metropolitan area.
Protecting Your Injury Settlement from Creditors and the Bankruptcy Court – Applies to Other Exempt Assets Too Have you received a personal injury or workers’ compensation settlement, or do you anticipate receiving one, then you are going to have a problem if you have creditors coming after you...