Archived
I need an opinion about a business asset protection strategy, and the likelihood of it holding up in court if sued.(see details)
Douglass's answer
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Answered on April 15, 2014
An LLC is an excellent legal for holding a business and isolating the liabilities it generates. However, a plaintiff may always try to pierce the...
Archived
Do I need an asset protection specializing attorney to help with business and personal asset protection and planning?
Douglass's answer
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Answered on April 11, 2014
As my colleagues already responded: all depends on the net worth you seek to protect.
I do disagree with the opinion that you need to be...
Just bought a house, now getting married. Do I need a prenup?
Douglass's answer
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Answered on April 01, 2014
There is no doubt that a prenuptial agreement is your safest option. If that is a route you or your spouse don’t want to consider, a timely and...
Archived
How do I set up my asset protection structure from home?
Douglass's answer
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Answered on March 21, 2014
I am afraid the answer is the most typical you will find on this legal forum: It depends. If you are seeking to protect a few thousand dollars in...
Archived
My LLC is being sued but it has been closed for a year. If a judgement is against the LLC can they come after me personally.
Douglass's answer
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Answered on March 19, 2014
The answer is yes, they can. Whether they will achieve their goals of they do so is another question. A plaintiff can always try to pierce the LLC...
Archived
In Arizona, will a domestic asset protection trust protect my assets if my next marriage ends in divorce?
Douglass's answer
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Answered on March 19, 2014
There is no doubt that a prenuptial agreement is your safest option. If that is a route you or your spouse don’t want to consider, a timely and...
I AM TERMINALLY ILL MY WIFE HAS FILED FOR DIVORCE WHAT CAN I DO TO PROTECT THE LITTLE ASSETS THAT I HAVE
Douglass's answer
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Answered on March 19, 2014
I am sorry to read about the situation you are facing. Timing is crucial and you are doing the right thing by taking action.
It is not clear...
Archived
Before marrying can money and assets be protected any other way than a prenup? Can they be put in a trust or something like it?
Douglass's answer
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Answered on March 18, 2014
There is no doubt that a prenuptial agreement is your safest option. If that is a route you don’t want to consider, a timely and carefully crafted...
A Michigan resident was advised to set up an LLC for seasonal-recreational property in MN. Is this appropriate?
Douglass's answer
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Answered on March 18, 2014
If we are talking about one room cabin that is worth the logs and the nails it was built with, and your personal net worth is under the 100k...
Archived
How do i protect my asset that i earned before the marriage without pre-nup in califoria?
Douglass's answer
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Answered on March 17, 2014
There is no doubt that a prenuptial agreement is your safest option. If that is a route you don’t want to consider, a timely and carefully crafted...
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