Every day I hear the phrase, "I have a corporation, so I am already protected." There may be no more misunderstood concept of law than that of the Corporate Veil. The concept is that the corporation provides a "veil" of protection to the owners. In other words, if the company does something which creates a…
Photo by Hugh Stickney In the past several years many, many planners have entered the field of Asset Protection. The challenge as a consumer of this service is that it is getting more and more difficult to understand your options. Do You Need a Fully Triggered Offshore Trust RIGHT NOW? One such option being offered…
A Trust using Section 541 is designed to take advantage of Section 541 of the U.S. Bankruptcy Code. That section of the code defines what property is included and what property may be excluded from the bankruptcy estate. Here it is: 11 U.S. Code § 541 - Property of the Estate (b) Property of the estate…