APTs are Not a Substitute for Insurance

Today, I’m going to take on a question that I’m asked alot from doctors, mostly from people who are sick and tired of paying outrageous insurance premiums to protect themselves from the inevitable lawsuits we have in the United States. Well, the question is, “Rob, if you do great asset protection for me, can I […]

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What to do when you are sued

Video Transcript I’m Paul Richard Brown. I’m a lawyer with the law firm of Beresford Booth in Seattle, Washington and the topic of today’s discussion is quite simply, what do you do when you get sued. Imagine you’re at home, you’re sitting down relaxing after a hard day of work and you get a knock on […]

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APTs as an Alternative to Prenuptial Agreements

Why Asset Protection Trusts are a better alternative to Prenuptial Agreements Today, I’m going to be talking about pre nuptial agreements and asset protection plans. When to use each and I’m going to tell you why I strongly prefer asset protection plans over pre-nuptial agreements. It’s a highly emotionally charged issue, particularly if you’ve been […]

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Bankruptcy and Asset Protection Don’t Mix

If you’re considering an asset protection trust and bankruptcy, go bankrupt first Today I’m going to take on the issue of bankruptcy and its relationship to asset protection. In later lessons (soon to come), we’ll have lessons on Chapter 13, Chapter 11, & Chapter 7 bankruptcy filings in detail. They make sense in some cases, […]

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Anti-Duress Provision

Typical Duress Clause example 1. Freedom from Outside Interference The Settlor directs that this Settlement be administered consistent with its terms, free of judicial intervention and without order, approval, or other action of any court. To the extent, any Person is granted the power hereunder to compel any act on the part of the Trustee, […]

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What is a Spendthrift Clause or Spendthrift Provision?

Rob Explains what is a spendthrift clauses or spendthrift provision does and how to why implement it in a trust. Watch the Video and find examples of spendthrift clauses as you continued reading. Today we’re talking about spendthrift clauses. They’re found in almost every trust ever done in the United States and in the English […]

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Cuba Clause & Definition of Event of Duress

 Typical Cuba ClauseThis is an example of your typical Cuba Clause & Definition of Event of Duress in a asset protection trust.Change of Trustee and Situs of Administration (a) Notwithstanding any other provision contained in this Settlement, the Trustee, upon the happening of an Event of Duress in the jurisdiction where any Trustee or part […]

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Single Member LLC

Today, I’m going to be talking briefly about offshore Single Member LLCs. What are they used for? How do you form them? What does an agreement look like? I’m going to keep it simple and straightforward right now. What are single member LLC’s? Offshore single member LLCs have normally disregarded entities. You need to be […]

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