Archived
I would like to place my 2nd home in Michigan state into an estate. I would like to protect from future creditors.
Douglass's answer
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Answered on May 07, 2013
A Limited Liability Company is an excellent legal tool to hold and manage investment property (if this is how you want to consider your second...
Archived
What do I need to do to protect personal assets from lawsuits?
Douglass's answer
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Answered on May 07, 2013
My colleagues already pointed out that an extensive insurance coverage is an important part of a sound asset protection plan. The kind of assets...
Archived
Looking for family lawyer with experience in cases involving special-need children (specially autism) in the Houston area.
Douglass's answer
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Answered on May 06, 2013
The following links may be useful for finding a local special needs attorney and for preparing the initial consultation.
Good luck!
Archived
If I plan to formalize a freelance writing business in Illinois, am I best off forming an LLC or S-Corp?
Douglass's answer
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Answered on May 03, 2013
From an asset protection perspective, an LLC is an excellent legal tool to manage and own a business. It will also isolate the risks generated by...
Archived
How can we transfer each mortgaged property into an LLC?
Douglass's answer
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Answered on May 03, 2013
My colleagues already have pointed out a lot of important issues you need to consider. Before taking steps to change title, you definitely need to...
Archived
Business owner looking to safeguard assets from lawsuits
Douglass's answer
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Answered on May 01, 2013
Best business practice, accurate accounting, updated employee policies and well-crafted employee handbook and an extensive insurance coverage are...
Asset protection for ~1M net worth
Douglass's answer
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Answered on April 29, 2013
It is. The net worth of a significant part of my client base is under the 1m benchmark. This is a question I hear a lot at my law firm and I...
Selected as the best answer
Archived
Will there be issues with fraudulent conveyance?
As the child what should I be concerned with?
Douglass's answer
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Answered on April 27, 2013
A transfer will be considered fraudulent if it was done with the intention to delay, defraud or hinder any creditors. Only an experienced attorney...
Archived
What is the best way to start a land trust for a few properties? What is best, an LLC? What is the most private?
Douglass's answer
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Answered on April 25, 2013
An LLC is an excellent legal tool to hold investment real estate. In your question you mention a land trust. A lot of depends on your purpose: do...
Archived
Is liability insurance applicable/needed for my type of business?
Douglass's answer
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Answered on April 24, 2013
I agree with my colleagues. I would advise you to schedule several consultations with experienced insurance brokers that have proven expertise in...
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