Asset Protection
Member Managed LLC’s are a Bad Idea
Is a Member Managed LLC a Good Idea or a Bad Idea? With rare exceptions, Member Managed LLC’s are a bad idea. In spite of this, the most common form of LLC structure is Member Managed. Sadly, almost all CPA’s and even some attorneys have no idea that a Member Managed LLC fails to accomplish…
Read MoreJurisdictional Diversification
Jurisdictional Diversification Jurisdictional Diversification is a reality for most people whether they know it or not. If you have family members or property or business interests in more than one place, you are dealing with more than one jurisdiction. Most of the time, such jurisdictional diversification happens by accident. We just go where we go…
Read MoreFraudulent Conveyance
What is a Fraudulent Conveyance? First, a fraudulent conveyance has nothing to do with “fraud” per se. A fraudulent conveyance is an asset transfer that is voidable. In other words, the transfer can be undone or clawed back in order to satisfy a creditor’s claim. “Clawing back” a transaction is like pulling a nail out…
Read MoreExpat Estate Planning
The expat lifestyle as a certain allure and mystique. Entertainment media serves up a stereotype image of wealthy Americans living the good life in far away places. The physical and emotional disconnect with the U.S. that expats find enjoyable also triggers huge problems for Expat Estate Planning. There seems to be a growing number of…
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