What are the best asset protection strategies money can buy? We often get asked “What are the best asset protection strategies available?” Many people ask me to cut to the chase, especially those that are self-employed, wishing to safeguard their assets from bankruptcy, lawsuits, long-term care costs as well as many other financial pitfalls. Often […]
15 Cal.Rptr. 641 56 Cal.2d 576, 364 P.2d 473 William MINTON et al., Plaintiffs and Respondents, v. Maude N. CAVANEY, as Executrix, etc., Defendant and Appellant. [*] L. A. 25881. Supreme Court of California Sept. 5, 1961. In Bank Rehearing Denied Oct. 4, 1961. [56 cal.2d 577] [Copyrighted Material Omitted] [56 Cal.2d 578] William E. […]
Colorado Court of Appeals — February 2, 2012 2012 COA 21. No. 11CA0145. Martin v. Freeman. Court of Appeals No. 11CA0145 El Paso County Court No. 10CV1445 Honorable David S. Prince, Judge Robert L. Martin, Plaintiff-Appellee, v. Dean C.B. Freeman; and Tradewinds Group, LLC, a Delaware limited liability company,. Defendants-Appellants. JUDGMENT AFFIRMED Division VII Opinion […]
405 B.R. 555 (Bkrtcy.M.D.Pa. 2009) In re LMcD, LLC, a/k/a ICE 4 U 2 C, Debtors. William G. Schwab, Trustee, Plaintiff, v. Kevin McDonald, Helen McDonald, Defendants. William G. Schwab, Trustee, Plaintiff, v. Damenti’s, Inc., Defendant. Bankruptcy No. 5-05-bk-54237. Adversary Nos. 5-07-ap-50007, 5-07-ap-50098. United States Bankruptcy Court, M.D. Pennsylvania. March 4, 2009 [Copyrighted Material Omitted] […]
Gregg Stone et al. v. Frederick Hobby Associates II et al. CV 00 0181620 S Superior Court of Connecticut, Stamford July 10, 2001 Caption Date: July 10, 2001 Judge (with first initial, no space for Sullivan, Dorsey, and Walsh): Mintz, J. Opinion Title: MEMORANDUM OF DECISION RE: APPLICATION FOR PREJUDGMENT REMEDY In this home construction […]
YORK AMATEUR SOFTBALL ASSOCIATION, Plaintiff, v. VIRGINIA LEGENDS ELITE SOFTBALL ORGANIZATION, LLC, and JEFFREY STANDISH, Defendants. Civil Action No. 2:12cv475 United States District Court, E.D. Virginia, Norfolk Division. October 31, 2012 MEMORANDUM ORDER REBECCA BEACH SMITH, Chief District Judge. This matter comes before the court on the Motion to Dismiss of Defendant Jeffrey Standish (“Motion […]
108 Conn.App. 633 (Conn.App. 2008) 950 A.2d 522 CONNECTICUT LIGHT AND POWER COMPANY v. WESTVIEW CARLTON GROUP, LLC, et al. No. 28470. Court of Appeals of Connecticut June 24, 2008 Argued March 20, 2008. [950 A.2d 523] Dov Braunstein, Watertown, with whom was Lawrence S. Dressler, New Haven, for the appellant-appellee (defendants). [950 A.2d 524] […]
Courts have slowly eroded Asset Protection and Single Member LLC’s by allowing creditors to reach past the LLC to the owner or owners. An LLC, by itself is probably not enough protection for the average business owner. Asset Protection and Single Member LLC’s are very rarely synonymous in the real world despite what one hears […]
A business in New Jersey, if organized correctly, can offer asset protection. A limited liability corporation (“LLC”) is ideal, but generally not considered complete asset protection. An LLC takes a business that is generally a sole proprietorship (owned and operated by one person) and, by filing with the New Jersey State Treasury, turns it into […]
Asset protection for physicians and medical professionals should be taught in medical school. So many lawsuits are filed against physicians and the payouts are so high that name “medical malpractice” is synonymous big paydays and there are attorneys that only take these cases. In fact, every year, physicians run about a 5% chance of being […]