Risk & the Corporate Liability Umbrella

Risk & the Corporate Liability Umbrella

Sole Proprietors are individuals in the business world without a legal umbrella to protect them personally from liability. That may be fine for some types of businesses that have limited risk exposure. All types of risk are impossible to calculate, and risk can come in many forms. Here are some things to think about when your gauging business risk to answer the question of whether to incorporate. And just remember that this is not an…

Nest Egg Fortification | The Nevada Asset Protection Trust

Nest Egg Fortification | The Nevada Asset Protection Trust

There’s a common misunderstanding that an ordinary revocable living trust protects assets from creditors. The reality is that a trust must be ‘irrevocable’ to serve as effective asset protection.  A beneficiary, who receives the income or benefit of the property, does not readily have the power to transfer the trust property, revoke the trust, or modify the trust. The absence of control over the trust property is what provides the protective quality. Nevada has the…

Family Trust Disputes & The Snails of Justice

Family Trust Disputes & The Snails of Justice

A dispute among beneficiaries and the trustee of a family trust is difficult because it involves blood ties and betrayal. When there’s enough at stake lawyers get involved. Some attorneys steer their clients down the garden path of litigation – which takes ages. The wheels of justice move at a snail’s pace and cases may take years to resolve. Not to mention court battles are costly, public, and unpredictable. Good modern legal advocacy involves giving…