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Multiple Asset Protection Layers Often Don’t Work

By Lee R. Phillips

The hot shot speakers and the hot shot lawyers go through elaborate plans where one trust owns the corporation or LLC and then that company owns another trust. One of the favorite structures is for a corporation to be the general partner of a limited partnership, thus making it so you’re [...]

Q & A February 2010, Creditor Liens, Living Trusts, Protect your Home, LLCs

By Lee R. Phillips
Today I will answer additional inquiries from people who are researching better ways to handle asset protection and estate planning matters. I hope everyone can learn from the things others are facing, and see options to explore with your own trusted advisors.

Q. My parents and I just purchased a condo as [...]