Category Archives: Asset Protection

Should my Business be an LLC? A Question for the Great Oz

Determining whether your business should be an LLC (or a Sole Proprietorship) is daunting even with a grasp of the basic differences. Ultimately, it’s a question of diligence between you and the corporate veil. The corporate veil is a legal … Continue reading

Posted in Asset Protection, Business Law, Business Plan | Tagged , , , , , , , , , , , , | 8 Comments

Why Farmers Need an Estate Plan

Not all small business owners wear slacks.  Instead, some opt for overalls or jeans and work boots and make their offices in barns and fields, tending livestock and crops. Regardless of the uniform, every small business owner faces an uphill … Continue reading

Posted in Asset Protection, Business Law, Business Plan, Estate Planning, Tax Planning | Tagged , , , , , , , , , , , , , , , | 2 Comments

Prodigal Planning: Protecting a Spendthrift Heir

Pop Quiz! What do you get when you add one kid with poor impulse control with one enormous inheritance? Hint: The sum is not a lifetime of fiscal responsibility. As this Wall Street Journal article points out, wealthy parents face … Continue reading

Posted in Asset Protection, Estate Planning | Tagged , , , , , , , , , | 1 Comment

Domestic Asset Protection: Is it Worth the Risk?

The preceding posts in which we pitted pairs of states against one another to debate their asset protection trust laws like political candidates, while fun, were not conducive to addressing a wide breadth of concerns. Each state only responded to … Continue reading

Posted in Asset Protection, Estate Planning | Tagged , , , , , | 3 Comments

Wyoming, Alaska Pull No Punches in Asset Protection Debate

Earlier this week, a pair of domestic asset protection candidates – Delaware and Nevada – debated to win your vote of support for their respective self-settled trust laws. Today, Alaska and Wyoming take the stage for a result the talking heads expect … Continue reading

Posted in Asset Protection, Estate Planning | Tagged , , , , , , , , , | 7 Comments