Is it better to incorporate in Delaware or New York? Which option is less cumbersome, more flexible for future, and less costly?

Regarding your first question, an LLC is an efficient tool to hold and manage your business, and allows you and your CPA to your tax status...

My husband and I have three homes, two rentals with no mortage. How do we protect ourselves from law suits that may take assets

Congratulations, you already planned ahead by getting an extensive umbrella policy. I recommend my clients to be as conservative as possible. In...

How do I protect my stocks in my brokerage firm from divorce and other liabilities while I remain the rights to trade stocks?

A lot depends on the total net worth you seek to protect and whether you are already married. A Family Limited Partnership filed (with a...

Forming an LLC in Nevada vs. Delaware--What Are the Pros and Cons of Each State, For a Business Operating in California?

I agree with my colleagues. Regardless of where you register the LLC: if it operates and owns assets in CA, you will have to register in this state...

LLCs as "shell companies" where I am the only member of an LLC that in turn is the only member of another LLC doing the business

From my perspective as an asset protection attorney, remaining anonymous is not a relevant issue when setting up a legitimate and sound asset...

Mother going to nursing home.dss says dad can only protect 113000 of his 270000 in assets. can he be helped to protect more of h

I agree with attorney Winters. I advise you to schedule a consultation with a local Elder Law Planning attorney as soon as possible. You may use...

How to best protect personal asset from potential liabilities from being a landlord?

As Mr. Murillo suggest, your best option is to choose for both. I always recommend my clients to get a Personal Umbrella Policy that is as...

Why my grandad has created an flp and an llc

Mr. Queen has provided you a very detailed answer. I would only add that both legal tools are "valid" legal tools. The question that needs to be...

An LLC is an excellent legal tool for managing and holding investment property and to isolate the liabilities they generate. However, it does not...

Any asset protection plan that protects a net worth that is above the 500k benchmark should include an exit strategy that allows you to take (the...