Client Alert

Asset protections reduce risk for young businesses

Many people dream of opening their own businesses, but the smart ones realize there are a lot of risks in running one before they are overwhelmed. Mortgages on properties, debts to afford startup costs and outgoings for supplies can all take a toll on a young company. When a business includes even one asset or property, it’s time to protect it against these possible risks. No one wants cash flow […]

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Client Alert

Does your family business have an asset protection plan?

The vast majority of family businesses don’t have any kind of asset protection plan in place. This is unfortunate because without an asset protection plan set up, families, their life savings and the businesses that support them, are at risk of being destroyed in the event of a lawsuit. Whether the lawsuit is frivolous or not doesn’t seem to matter. Even a successful defense against a lawsuit could be costly […]

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Client Alert

Common lawsuits that might threaten your business assets

Let’s face it, lawsuits have become incredibly common. New lawsuits pop up every day. Some are justified, and some are frivolous. But even the most frivolous lawsuit can cause businesses major time, effort and money–not to mention being a major headache. Even the savviest businesspeople face losing their assets to a lawsuit. In our increasingly litigious society, a lawsuit for the smallest issue could be just around the corner. These are some […]

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Alaska Court

Alaska Court Just KO’d Domestic Asset Protection Trust

Dear Clients, Colleagues, and Friends, Thanks to an Alaskan Supreme Court ruling made on March 2, 2018, it’s become clear that if you are not a resident of the state under which you establish a domestic asset protection trust (DAPT), the DAPT won’t protect your assets from lawsuit and thus, may not be worth the paper it is written on. The following article, which was chosen by Kiplinger for its […]

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Silicon Valley’s Dirty Little Secret

Dear Clients, Colleagues, and Friends, Silicon Valley has been such a leader in technology for over two decades that it has sported a dizzying number of IPOs and huge stock option payoffs creating enormously wealthy entrepreneurs and its own class of marital problems when their marriages breakup. As a community property state, California divorce law generally holds that property obtained during a marriage is fair game, while separate property brought into marriage belongs to that […]

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The Loaded Question

“Dad, are we rich?” Ethan’s father drops his fork mid-bite. “That’s an unusual question,” Roger carefully responds. Ethan, who just turned 16 and still fears his father’s disapproval, hesitates before continuing. He knows there is an unspoken rule in his family to never speak about money. Despite his nerves he plows on determined to get to the bottom of the wild claims his classmates made. “So, the guys said I didn’t need to get a summer […]

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Marriage and money

The Most Expensive Divorce in History… Averted!

Dear Clients, Colleagues, and Friends, Life is unpredictable. For instance, the financial pitfalls of a catastrophic divorce can throw devastating curveballs to even the wealthiest titans of industry. Here is one such story: Russian oligarch and French soccer club AS Monaco owner Dmitry Rybolovlev met his wife almost 30 years ago when they were both students in the Ural Mountains.

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