Archived
Can the state collect survivor annuity benefits designated to the surviving spouse to repay Medicaid costs from a nursing home?
Douglass's answer
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Answered on January 08, 2014
Given the facts you state, and the timing, you should schedule a consultation with a local Medicaid Planning attorney as soon as possible. What you...
Archived
How do I transfer a rental property into an LLC that has been established already?
Douglass's answer
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Answered on December 29, 2013
If there is still a mortgage on the property, you should first check with your lender if there any issues with changing titles.
Also, if you...
Trust and LLC (LDC) in Belize
Douglass's answer
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Answered on December 27, 2013
Belize is a very typical offshore destination for asset protection planning. However, and mostly depending on the net worth you seek to protect,...
Archived
We need assistance in regards to my parents assets. They are elderly and we want to make sure their assets are well protected.
Douglass's answer
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Answered on December 26, 2013
I agree with my colleagues. You should schedule a consultation with an Elder Law Attorney. The following link will be of help when preparing the...
Archived
MONETARY ASSET PROTECTION QUESTION
Douglass's answer
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Answered on December 23, 2013
To protect liquid assets as bank and brokerage accounts, I usually recommend a legal tool that was specifically designed for asset protection...
Archived
I am starting an IT support business in Massachusetts as a sole proprietor but i want to know what i can do to protect my
Douglass's answer
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Answered on December 23, 2013
An LLC is an excellent legal tool for isolating the liabilities generated by a business. However, it does not offer full protection from lawsuits....
Archived
I am seeking asset protection, however, the business law firm I have does not do it.
Douglass's answer
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Answered on December 21, 2013
Very few law firms in the U.S. exclusively work in the area of asset protection planning. This is a very specific area of the law that very often...
Archived
How can a power of attorney signed in the US, be used in Europe when the granter is considered not mentally competent?
Douglass's answer
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Answered on December 20, 2013
Very likely, you will need the POA document to be stamped with the “The Hague Apostille” by the Secretary of State and have it a translated to the...
Does my personal umbrella insurance cover the liability caused by my rental property that is put into my living trust?
Douglass's answer
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Answered on December 20, 2013
It is not clear from your question for which reason you have put your investment properties and your home in a Land Trust. Also by putting your...
Archived
Does having the Corp Docs drafted help protect me against creditors? does it matter or is having the LLC created enough?
Douglass's answer
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Answered on December 20, 2013
When considering asset protection, a lot depends on the total net worth you seek to protect (the fair market value of your investment property the...
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