Questions answered by Douglass S Lodmell

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Would having an LLC bill / count stay in my personal name allow other plaintiff's to pierce the corporate veil ?

Douglass's answer | Answered on February 21, 2013

Comingling business and personal expenses and income is never a good idea and you should try to separate these accounts as soon as possible. An...

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Category: offshore asset protection -- What kind of due diligence should be done when selecting an offshore trust company?

Douglass's answer | Answered on February 21, 2013

Very few law firms exclusively work in the area of asset protection planning. In the following links, you will find general information on the...

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TRUST VS LLC.

Douglass's answer | Answered on February 21, 2013

Much more information is required to provide you a meaningful answer: 1. What kind of assets or ventures do you seek to put in the LLC or trust...

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I received this email from a international country is this something I can trust ?

Douglass's answer | Answered on February 20, 2013

I agree with my colleague. This message has all the looks of a typical offshore scam in which the victims are invited to send funds overseas in...

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How can a person protect their assets from being taken when going into a nursing home?

Douglass's answer | Answered on February 20, 2013

I agree with attorney Zellinger. You definitely need to sit down with an experienced Elder Law attorney. The Avvo search tool may be of help....

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Can any revocable trust, even if worded correctly, ever protect assets from Medicaid?

Douglass's answer | Answered on February 20, 2013

I agree with my colleagues. You definitely need to a local attorney that has proven expertise in the area of Elder Law and Medicaid planning to...

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Is it really better to own an apartment building through a Limited Liability company or is it adequate to have good insurance?

Douglass's answer | Answered on February 19, 2013

The answer is both. The most important factor here is the value of your investment real estate, the revenue it will generate and the value of your...

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If you are a multi - millionaire and you live in CA , is a revocable living trust still needed vs some other trust ?

Douglass's answer | Answered on February 19, 2013

A revocable living trust is an estate planning tool that serves in heritance planning purposes. Given the size and nature of his estate, your...

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Setting up a trust as protection against creditors and divorce.

Douglass's answer | Answered on February 19, 2013

Transferring assets to family members for asset protection planning purposes is not a good idea at all. Any liability issue in which this family...

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How can you lose liability?

Douglass's answer | Answered on February 19, 2013

I agree with my colleagues. Comingling business and personal expenses and income is never a good idea. An LLC is an efficient legal tool to own...

Douglass S Lodmell's Answers (299)

Would having an LLC bill / count stay in my personal name allow other plaintiff's to pierce the corporate veil ?

Category: offshore asset protection -- What kind of due diligence should be done when selecting an offshore trust company?

TRUST VS LLC.

I received this email from a international country is this something I can trust ?

How can a person protect their assets from being taken when going into a nursing home?

Can any revocable trust, even if worded correctly, ever protect assets from Medicaid?

Is it really better to own an apartment building through a Limited Liability company or is it adequate to have good insurance?

If you are a multi - millionaire and you live in CA , is a revocable living trust still needed vs some other trust ?

Setting up a trust as protection against creditors and divorce.

How can you lose liability?