When is your Offshore Trust Domestic for Tax Purposes

Download IRS Form 3520, Foreign Trust Reporting Today I am going to be talking about ‘When is your offshore trust domestic for tax purposes?’. It is really weird, but sometimes, in fact many times you can have a asset protection trust that is offshore, international, when translated: unreachable by most creditors…an offshore international trust for […]

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Kinetic vs traditional asset protection trusts

Hello, Rob Lambert here with assetsprotectiontraining.com. Today I’m going to explain the differences between a traditional and a kinetic Asset Protection Plan, and I’m going to deal with my preferences on each. They both have their places and the bottom line is, I don’t think any of you should ever do a kinetic asset protection […]

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Limited Liability Concepts and Veil Piercing

Limited liability means you are not responsible for a business’s debts, and generally the business is not responsible for your personal debts. It is like you and your business are two unrelated people–almost like your business is a distinct person. Unless a creditor convinces a judge that it is your alter ego, it will remain […]

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Charging Order Protection and Reverse Piercing

WHAT IS CHARGING ORDER PROTECTION? A ‘Charging Order’ is actually a limited creditor remedy. But the remedy is so limited, it is viewed as being protective from an asset protection standpoint. Thus, all entities that benefit from the charging order are called “Charging Order Protected Entities” or COPEs. Generally, a creditor of partner or member […]

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Entity Choice of Law Issues

RECOMMENDED READING: (Asset Protection in Financially Unsafe Times, by Dr. Arnold Goldstein and W. Ryan Fowler, chapters 8 and 18.) A hotly debated question is: if you live in one state, can you form an entity in another state and take advantage of its more debtor-friendly laws, such as a stronger charging order statute? The […]

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Entity Basics

THE SOLE PROPRIETORSHIP Explained The oldest, most basic business type. 1 owner basically just starts a business. He may register a “doing business as” name w/local courthouse or county recorder’s office. Pros: No need to register anything, simplest set up and operation. Cons: No limited liability, no special tax reduction benefits (self-employment tax savings, etc.). […]

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Charging Order Protection

What is Charging Order Protection – Video Transcript Today we’re going to talk about charging order protection. Charging order protection is a certain characteristic that partnerships and limited liability companies have. It’s very important for asset protection because a lot of times you put your assets into an limited liability company (LLC) or a limited […]

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Beyond Charging Order Protection

Beyond Charging Order Protection, Other Alternatives; Video Transcript Today we’re going to talk about going beyond the charging order. In other words, how can we get another layer of protection or even more protection than you get with a charging order protected entity such as an LLC or partnership? Before you watch this video, I […]

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