Table of
Contents
FOREWORD
INTRODUCTION
CHAPTER 1: SO YOU DO NOT NEED ASSET PROTECTION?
The Ethical Balance
Frivolous Lawsuits
Lawsuit Potential
Creditors
The Government
Taking Action
CHAPTER 2: PLAN AHEAD
Protection Planning
Dual Threats
Making It Difficult
Assets Ownership
Insurance
Assets List
Fraudulent Transfers
CHAPTER 3: NO ESCAPING
Actual Fraud
Constructive Fraud
Consequences
Not Fraudulent
CHAPTER 4: I THOUGHT I WAS EXEMPT?
Retirement Exemptions
Homestead Exemption
Wage Exemption
Sole Proprietorship
CHAPTER 5: HOW WELL DO YOU KNOW YOUR BUSINESS PARTNERS?
General Partnership
Limited Partnership
Family Limited Partnership
Corporation Creation
CHAPTER 6: SURELY INCORPORATION IS FOR BIG COMPANIES?
S-Corporation
C-Corporation
Corporation Organization
Business Ownership Review
CHAPTER 7: THE LIMITED LIABILITY COMPANY
CHAPTER 8: ACCOUNTS RECEIVABLE
The Economics
Asset Protection
Retirement Planning
Life Insurance
Annuities
Factoring
CHAPTER 9: DOMESTIC TRUSTS
Revocable Trusts
Irrevocable Trusts
Living Trust
Testamentary Trust
Self-Settled Trusts
Discretionary Trusts
Spendthrift Trusts
Life Insurance Trusts
Children’s Trusts
Charitable Remainder Trusts
Qualified Personal Residence Trust
Qualified Terminable Interest Property Trusts
Land Trust
Medicaid Trust
CHAPTER 10: FOREIGN TRUSTS
Advantages
Disadvantages
Trust Provisions
Self-Settled Trusts
The Trust Protector
Choice of Trustee
Choice of Country
Asset Location
Real Estate
Foreign Bank or Corporation
Nevis LLC
Offshore Insurance
Types of Title
CHAPTER 11: YOUR PERSONAL RESIDENCE
Homestead Exemption
Limited Partnership
Corporation
Limited Liability Company
Living Trust
Qualified PersonalResidence Trust
Land Trust
Shielding by Debt
CHAPTER 12: HOW WELL DO YOU KNOW YOUR SPOUSE?
The Default Position
The Prenuptial Agreement
The Postnuptial Agreement
Children’s Divorces
The Default Position
CHAPTER 13: DO NOT DIE YET
Living Trust
A-B Living Trust
Irrevocable Life Insurance Trust
CHAPTER 14: THE ALTER EGO (PIERCING THE VEIL)
Real Estate
CHAPTER 15: EQUITY STRIPPING
Accounts Receivable
Business and Equipment
CHAPTER 16: INSURANCE
Motor Vehicle
Home Owner’s Insurance
Property & Casualty Insurance
Umbrella Liability Insurance
Life & Health Insurance
CHAPTER 17: BUSINESS INSIDERS
Employee Agreements
Arbitration Agreements
Customer Relations
CHAPTER 18: COMBINING BUSINESSES TO BUILD A FORTRESS
Retail Business
Medical Practice
Construction Company
Ice Cream Parlor
CHAPTER 19: SUMMARY
APPENDIX A: BUSINESS TYPES COMPARED
APPENDIX B: STATE SPECIFIC FACTORS
APPENDIX C: ASSETS CHECKLIST
APPENDIX D: GLOSSARY
BIBLIOGRAPHY
BIOGRAPHY
INDEX