LayRoots

Asset Protection | Live More Carefree

Asset protection

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Is a trust the best way to protect assets?

A trust is the best way to protect assets

A trust is the best way to protect assets, at least if you live in the USA. Different countries around the world have different types of entities that people might use besides a trust. But in the US, the trust is the best entity to use.

There are many types of trust so you’d want an asset protection trust. Read more about asset protection planning.

Colin Ley is an asset protection attorney and the creator of the PREP Trust®. He is also the co-founder of LayRoots (along with with partner in life & business – Shreya Ley)

Want to protect yourself from stupid lawsuits? Let’s talk about your asset protection strategy: book a free initial consult

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Is this legal?

This is one of the most common questions we get: “Is this legal?”

It’s legal to take tax deductions to pay less in taxes. It’s legal to establish an asset protection plan to better protect yourself from stupid lawsuits.

Colin Ley is an asset protection attorney and the co-founder of LayRoots (along with with partner in life & business – Shreya Ley)

Let’s talk about your asset protection strategy: Schedule a time for us to talk at livemorecarefree.com

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Lobster Law 101

Boiling Lobsters Alive is Illegal…in the USA?

2024 Update: For those who won’t read to the end, please note this is a brief post about how…IN THEORY…you could violate US laws without realizing it. This is an absurd example to illustrate the point. Please don’t reach out to us to report your neighbor’s lobster boil (you little narc, you). We don’t care how you, or anyone else, prepares their lobsters. Carry on, freedom-lovers!

Much ado was recently made about Switzerland banning boiling lobsters alive. The internet lit up with discussions about how to ethically cook a delicious lobster and whether or not lobsters feel pain. People love lobsters both alive and on a plate. For those who love them on a plate, there was plenty of outrage that a country would ban such a practice. Sources in Maine tell me there is no other way to prepare a lobster.

Switzerland is not the first to ban the practice. In fact, boiling lobsters alive has been outlawed in the United States since at least 1999. [Read more…] about Lobster Law 101