Generally speaking, most accountants/CPAs who help clients with the choice of entity focus on the tax aspect of each entity. That makes sense, but in ...
Don’t Force Your Kids To Spend Money
Hi everyone. It’s been a while. Let’s start with a quiz. Do you remember a couple of years back when I told you I was buying, via a bankruptcy sal...
Domestic Asset Protection Trusts Part 2 -The Trustee
In my previous newsletter, part one of a series on domestic asset protection trusts, I discussed a brief history of trusts and their uses. Today my fo...
Single-member LLCs under attack, again
When the Asset Protection Society (APS™) and its members discuss setting up LLCs for asset protection purposes or the use of LLCs in various plannin...
Supreme Court Ruling on 401(k) Profit Sharing Plans
Adds Fiduciary Liability to Thousands of Advisors The Asset Protection Society is all about protecting clients from “all” liabilities (global ass...
Unique Tax Savings Position Approved In Morton
The Court of Federal Claims recently held in favor of a taxpayer who argued that his multiple business entities operated as a unified business enterpr...
Beware of Greeks Bearing Gifts
Last year will go down as one of the most turbulent and troubled economic years of our lifetime. In the world of Asset Protection and wealth preservat...
Using the Bankruptcy Code and Life Insurance for Asset Protection
Going into Bankruptcy When clients are slowly sliding into bankruptcy, they are typically of the mindset that any liquid wealth they have will be lost...
Taxpayer fights the IRS and wins, learn how this can affect you!
The IRS Is Your Number One Creditor When discussing asset protection, many people get caught up in mindset of only thinking about protecting their ass...
Is there a DING knocking at your client’s door?
In 2013 the Internal Revenue Service (“Service”) issued several private letter rulings (“PLRs”) sanctioning the use of a state income t...