Some LLC promoters give the impression that all you need to do is set up an LLC and you’ll be safe from any future lawsuits. While an LLC does provide some protection, it doesn’t make you invincible! You can’t rely on an LLC to give you “bulletproof” asset protection.
[Read more…] about Bulletproof Asset ProtectionFive Tips for Asset Protection Planning
Thinking of setting up an asset protection plan? Or just wanting to be sure your hard-earned assets are safe? You’re not alone. Being successful in America makes you a target for bogus lawsuits from shameless lawyers.
Putting some effort into making yourself less of a target just makes sense.
Here are five tips for building up the barriers between you and a potential creditor.
[Read more…] about Five Tips for Asset Protection PlanningHow can I protect my property from creditors
If you are interested in protecting your property from creditors, you have a lot of options. I can’t write about every option that’s out there, but I’ll talk about a couple common techniques and a general strategy overview. By the way, in this case we are talking about real property as opposed to other types of property.
[Read more…] about How can I protect my property from creditorsCan I live in a property owned by my LLC
One of the most common questions we receive is whether you can live in a property owned by an LLC. If you’re talking about your primary residence, there are some issues to think about. Those include taxes, mortgage issues, and whether an LLC would serve any purpose since a primary residence isn’t really a business.
Colin Ley is an asset protection attorney and the creator of the PREP Trust® and Better LLC™. He is also the co-founder of LayRoots (along with with partner in life & business – Shreya Ley)
Being successful in America makes you a target for bogus lawsuits from shameless lawyers. We created an effective, asset protection solution, so you don’t have to worry anymore, happily knowing your family’s future is protected. Get started now by scheduling a free, 30-minute call at livemorecarefree.com.
Colin Ley is an asset protection attorney and the creator of the PREP Trust® and Better LLC™. He is also the co-founder of LayRoots (along with with partner in life & business – Shreya Ley)
Being successful in America makes you a target for bogus lawsuits from shameless lawyers. We created an effective, asset protection solution, so you don’t have to worry anymore, happily knowing your family’s future is protected. Get started now by scheduling a free, 30-minute call at livemorecarefree.com.
How much does it cost to set up a Cook Island trust?
“It depends” is the stereotypical answer to receive from a lawyer. I’d give that answer when asked about the cost of a Cook Island trust. What if you called a car dealership and asked “how much is a car?” That would depend on what type of car you’re looking for. You could spend $100k+ on a sports car. Or you could spend less than $10k on a tiny little subcompact car.
[Read more…] about How much does it cost to set up a Cook Island trust?Who needs asset protection?
Most people that call our office are interested in asset protection. They are worried. Stressed. Waiting for the day that they will be sued and have their assets taken away from them.
[Read more…] about Who needs asset protection?