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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 Jan 2010 How to Transfer a House: Annuities and Judgments: Family Trusts: Asset Protection Plan: Co-Trustee Duties: Types of Trusts

By Lee R. Phillips

We receive lots of queries from people who are struggling with the important issues of asset protection and estate planning. Periodically, we answer some of those questions for everyone to learn from, or at least help you see options that you need to discuss with your own trusted advisors.

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