The scariest risks are risks that you don't even know exist. It's virtually impossible to manage risk that you can't clearly define. As an asset protection law firm, we've become pretty attuned to legal risk, and we've developed methods to eliminate or, at least, curb it significantly. The problem is that legal risk is probably…
In a past article we discussed the concept of asset protection being, at its core, a strategy for risk management. In our last article, we talked about institutional risk, and there is one salient point that is worth reiterating: In order to manage risk, you first have to identify risk. One reason that it's even…
Lodmell & Lodmell has traditionally been an asset protection law firm dedicated to helping individuals and families protect themselves from frivolous lawsuits and other legal risks. That is still the main focus of the law firm, but in 2008 we were alerted to a number of other risks to assets. Specifically, the failure of Bear…
More and more clients have questions about putting their assets into protective structures prior to strategically defaulting on one or more mortgages. The reason is that some lenders are beginning to file lawsuits to collect deficiency judgments. A deficiency is simply the difference between what is owed on a mortgage and what is obtained for…
Once in a while we get a case where someone is asking about ways to protect future assets from existing judgments. The answer to this question, in short, is that if you have a judgment against you personally and the assets you're owed in the future will rightfully accrue to you personally as well, it's…