Read our blog posts for a summary or commentary on current Asset Protection news and topics.
Our client was in the business of importing and distributing building materials. He came to us after realizing that he may have been violating anti-dumping laws over the course of several years. The potential anti-dumping penalties were estimated to be in the millions.
Our client may have been...read more
We recently had a client who had a situation many parents are susceptible to.
Dr. Ashtan had a successful surgical practice. He worked hard and built a comfortable life for himself and his family. He took calculated risks and encouraged his children to be entrepreneurial.
When his son, Peter,...read more
One of our clients, a very wealthy individual from the Middle East with diplomatic immunity was, to put it mildly, a delinquent. While diplomatic immunity protected him from criminal charges, he discovered, to his chagrin, that the protection did not extend to civil charges. Following a weekend of...read more
Wes Gate is a California real estate attorney in his early 60’s and was about two years away from retirement. He mishandled a client’s case (on a large deal) and was sued by the client for malpractice. Further review showed that he had made the same irreparable mistake with about 30 client cases...read more
A few years ago a client of ours, Simon Thorn, got into an auto accident. Mr. Thorn, who was 75 years old at the time, was making a legal left turn at a light. He did not notice a motorcyclist in an oncoming lane, who skirted traffic on the far-right side to beat the red light.
The motorcyclist...read more
Costas Anastas owned a successful family restaurant for 22 years. Most of his staff had been with him almost as long. Costas needed more help so he hired a new employee. After a year, the new employee filed a lawsuit against Costas and the restaurant for not properly documenting and paying out meal...read more
The White House appears committed to tax reform, but currently, the details of the reform are being negotiated and are subject to potentially dramatic changes. With the estate tax slated for the chopping block, owners of large estates are left with uncertainty about what the estate tax might look...read more
Our client, Mr. Thomas Stone, imported and distributed auto parts in the US. He owned and operated this businesse for over 15 years and was ready to expand. Mr. Stone entered into partnership with a Chinese supplier, took out a business loan and expanded operations.
Unfortunately, Stone’s...read more
We regularly use about two dozen different structures to protect our clients’ assets on a world-wide basis. The structure we use depends on how well a client would like to protect his assets, how aggressive the creditors will be, and the specific assets that need to be protected. When we dug down...read more
Marnie and Lane came to us with a parent’s second-worst nightmare. Their 16-year-old son, Lane Jr., was involved in an illegal street race. Junior’s car collided with a competitor. Junior sustained minor injuries, while the other driver suffered significant injuries.
The family of the other kid...read more
Here are the most commonly used structures in asset protection. Click each to learn more.