19th February 2007
Seventy seven million (77,000,000) middle class aging baby boomers are going to rely on Medicare as their default long-term health care policy. The Cato Institute estimates that $60 trillions of Medicare is an unfunded, unaccounted for obligation.*
The...
19th February 2007
You assume full liability for your under age children, so keep your wallet open. Or, you can avoid unpleasant events with a precise bulletproof asset protection system.
To quote a local paper regarding a West Palm Beach, Florida accident “The car was...
19th February 2007
Subsequent to the death of Anna Nicole Smith, it’s been reported that she may not have left a will, giving rise to additional turbulent legal confusion for years to come. Without a will, Anna Nicole potentially may be leaving her baby daughter with noth...
19th February 2007
Ask any lawyer, accountant, life insurance agent, financial planner, mortgage brokers, stock brokers, or any lay person for his definition of asset protection and he will likely tell you that it’s the positioning of your assets against potential credito...
10th February 2007
For those of you not familiar with the 2005 Tax Reduction Act, some of the provisions address specific transfers by seniors under the new Medicaid nursing home provisions. Under the new provisions, before seniors qualify for Medicare assistance into a nu...
10th February 2007
Be open and notorious, Sue me! You’ll never get a dime. If you reposition (transfer) your assets through the use of an IRREVOCABLE TRUST, you will no longer own them. If you don’t own assets, no one will want to sue you; no one will want to track yo...
10th February 2007
A Living Trust or Revocable Trust, or a Revocable Living Trust, are the same Trust. The word “revocable” says it all. The “Grantor” the guy with the assets, transfers his assets to a “Trust” where he is the “Trustee” for the benefit of all...
10th February 2007
A CONTRACT is defined from the Latin word contractus. An agreement between two or more parties, especially one that is written and enforceable by “law.” To enter into by contract; establish or settle by formal agreement. An agreement between two or mo...
10th February 2007
Your Federal Government has mandated (as of June 30, 2006) that before you qualify for nursing home care, you must spend-down all of your assets. These restrictive new rules are designed to impoverish the healthy spouse. They have mandated a 5 year look-b...
10th February 2007
You just had a car accident causing a fatality or a disability. You are handed a ticket and released with a warning not to leave the state. You call your lawyer, you’re getting sued, you ask about hiding assets.
Your lawyer is going to tell you, th...
10th February 2007
The litigation explosion are forcing professionals and small business owners to focus on ways/strategies to protect their savings, investments and other accumulated assets that may become attractive to potential contingent fee trial lawyers.
Presently,...
18th January 2007
It’s very simple, how the rich hide their assets is not to hide them at all.
The rich use laws to protect their assets. They use legal entities created under the different laws, trust laws, corporate laws, partnership laws, and tax loopholes availab...
18th January 2007
What’s an asset protection trust? What’s a Trust?
A “TRUST” is nothing more than a “CONTRACT” between the person who wishes to protect his assets (the Grantor) the person who will manage the assets (the Trustee) for the benefit of all Bene...
18th January 2007
The Deficit Reduction Act of 2005 established a June 30, 2006 deadline for the Secretary of Health and Human Services (HHS) to release regulations for states to come in compliance with the new severe new restrictions on the ability of the elderly to trans...
18th January 2007
Protecting assets from nursing home costs is the latest challenge for seniors where government is demanding an uncapped spent down of their asset if one of them falls victim to a nursing home.
Canada and some other countries offer this benefit as part ...
