I am an asset protection attorney, a tax attorney, and a law school professor. I recently wrote an article about a revolutionary technique for creating a better asset protection trust. I call this a “Special Power of Appointment Trust.” Not only is a Special Power of Appointment Trust safer and more confidential than any other asset protection trust on [...]
Category: Asset Protection
Written by Lee McCullough
Friday, 08 October 2010 01:10
131 Comments
Friday, 08 October 2010 01:10
131 Comments
Written by Lee McCullough
Thursday, 19 August 2010 19:09
99 Comments
Thursday, 19 August 2010 19:09
99 Comments
Forget about hiding money offshore from the Internal Revenue Service–unless you want to risk the penalties, back tax bills and threat of prosecution that thousands of American clients of ubs now face.
Written by Lee McCullough
Friday, 09 July 2010 01:18
92 Comments
Friday, 09 July 2010 01:18
92 Comments
This is a summary of important findings from recent asset protection cases
Written by Lee McCullough
Tuesday, 22 June 2010 01:21
93 Comments
Tuesday, 22 June 2010 01:21
93 Comments
In Revenue Ruling 2010-18, the IRS published the applicable federal interest rates for July, 2010.
Written by Lee McCullough
Friday, 18 June 2010 01:22
96 Comments
Friday, 18 June 2010 01:22
96 Comments
In the recent case, Miller v. Kresser, 2010 Fla. App Lexis 6152 (Fla. 4th DCA 2010), a Florida Appeals court overturned the ruling of a lower court which allowed a creditor to reach the assets of a trust.
Written by Lee McCullough
Wednesday, 24 March 2010 01:24
109 Comments
Wednesday, 24 March 2010 01:24
109 Comments
For most of us, protecting our home is paramount We do this through the acquisition of homeowners insurance, fire insurance, flood insurance, personal liability insurance, burglar alarms, fire alarms, frightening dogs, and an assortment of high powered weapons In addition to all the above, you should consider legal asset protection planning for your home. I [...]
Written by Lee McCullough
Tuesday, 16 March 2010 01:25
82 Comments
Tuesday, 16 March 2010 01:25
82 Comments
Gooseberry Mesa is the greatest mountain bike trail on earth The trail involves sweet single track, endless slick rock playground, and breathtaking views.
Written by Lee McCullough
Tuesday, 09 March 2010 01:26
87 Comments
Tuesday, 09 March 2010 01:26
87 Comments
I am an amateur outdoor photographer. To me, photography is all about capturing the opportunities when they come and before they leave To get the perfect photo, you simply have to be in the right place at the right time Consider the following photos: I have been to these places many times when the colors [...]
Written by Lee McCullough
Friday, 05 March 2010 01:30
81 Comments
Friday, 05 March 2010 01:30
81 Comments
Many of my clients make occasional loans to their children. A few of these loans have actually been repaid, or at least partially repaid. The problem is that if you make a loan to your child for his new business, and the child’s new business experiences temporary or permanent financial losses, the child can’t take [...]
Written by Lee McCullough
Thursday, 25 February 2010 01:31
68 Comments
Thursday, 25 February 2010 01:31
68 Comments
If you have one or more corporations or LLCs, this subject should be of importance to you. The general rule in every state is that a creditor of a corporation or LLC cannot reach the assets of the owners unless the owners have signed a personal guarantee, or unless the creditor can pierce the corporate [...]
Written by Lee McCullough
Wednesday, 24 February 2010 01:32
852 Comments
Wednesday, 24 February 2010 01:32
852 Comments
If you are choosing a trustee for a dynasty trust, an asset protection trust, or a trust used to establish residency in a certain jurisdiction, then you better pick a corporate trustee or a professional trustee. Even if they don’t provide a lot of services, their fees are justified by their credibility if the trust [...]
Written by Lee McCullough
Monday, 22 February 2010 01:34
75 Comments
Monday, 22 February 2010 01:34
75 Comments
Last Saturday I went snowcat skiing with my dad and my brother. We had a marvelous time. But the most impressive part of the day was watching the guides who led us to the steepest and deepest powder runs while avoiding the dangers all around us. The guides have years of experience on the same [...]
Written by Lee McCullough
Saturday, 06 February 2010 01:36
78 Comments
Saturday, 06 February 2010 01:36
78 Comments
Two summers ago, we spent a week on a beautiful lake called Sand Hollow. This lake has huge sandy beaches, crystal clear water, warm temperatures, and stunning views. I was really excited to do alot of water skiing, but I knew that windy weather could play havoc with my plans. In order to hedge our [...]
Written by Lee McCullough
Monday, 01 February 2010 01:38
98 Comments
Monday, 01 February 2010 01:38
98 Comments
Last weekend I took 20 young men and 8 adults on a winter campout in the Uintah National Forest in Northern Utah. We rented cross country skis and we carried our gear in backpacks and sleds. We began our trek as the sun set and an enormous full moon began to rise over the horizon. [...]