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I want to put all our assets in my wife's name only..Will this prevent My kids from trying to get the assets?
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Answered on June 10, 2013
I agree with my colleagues. Very often, transferring assets to family members to prevent others (regardless of they are children, potential or...
Archived
Psychologist who is hiring another to work for me. Will an S-Corp protect my personal assets if they are sued for malpractice?
Douglass's answer
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Answered on June 10, 2013
I agree with my colleagues in that an extensive insurance coverage should make port of your asset protection strategy. However, any insurance has a...
PA, LLC, or PLLC for Florida Real Estate Agent / REALTOR?
Douglass's answer
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Answered on June 10, 2013
An LLC is an excellent legal tool to isolate the risk generated by a business a real estate brokerage venture. It will not protect personal assets...
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Pro's and con's of using a single member LLC for real estate
Douglass's answer
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Answered on June 03, 2013
I assume we are talking about investment property. If this question is related to your primary residence, fair market value, equity and outstanding...
Archived
What kind of Trust and or LLC legal tool can I use to protect money and property?
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Answered on June 01, 2013
It is important for you to determine what kind of "unwanted parties" we are talking about: the IRS, a mortgage company, a tenant or a trespasser...
Archived
Is it safe to use a self-study course (written by an attorney) on creating and operating a family LLC?
Douglass's answer
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Answered on June 01, 2013
It is very important for you to define your priorities. Are you setting up an LLC for a business? If yes, how many people will be involved and how...
Archived
Can a trust protect assets if there are multiple trustees?
Douglass's answer
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Answered on June 01, 2013
It is not clear whether we you are referring to a revocable or an irrevocable living trust. Living trusts are typical estate planning tools that...
If I create a revocable living trust with multiple grantors, are the assets protected from litigation?
Douglass's answer
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Answered on June 01, 2013
No. They are not. A revocable living trust is a very efficient legal tool for estate planning purposes, typically inheritance planning. It does not...
Archived
I am a US Citizen owed money by a UK citizen. How can I go about suing them?
Douglass's answer
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Answered on May 31, 2013
If the UK citizen resides in the UK, I am afraid your best option is hiring a UK attorney (solicitor) to act on your behalf. An AZ law firm that...
Archived
Virginia Single Member LLC: How to best plan for the distribution of LLC assets at my death?
Douglass's answer
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Answered on May 31, 2013
I totally agree with attorney Murillo. Rather than changing the operating agreements of your LLC you want a local estate planning attorney to take...
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