Jefferson H. Vandrew Law Blog

Update on the Perennially Hyped Out-of-State LLC

Thursday, May 3, 2012 by Jefferson H. Vandrew

One of the first posts I wrote on this blog was about the perceived benefits of forming an LLC for asset protection in a state other than your state of business or residence.  Since my last post on the topic, a new opinion has come down that has bolstered my feelings on the issue.... Read More
Posted at 15:33 PM  |  PERMALINK
Topic: Asset Protection

Executor Priority #1: Protect Yourself

Sunday, April 8, 2012 by Jefferson H. Vandrew

A lot of my postings on this blog tend to focus on how you can protect your assets while alive or after you pass away.  However, equally important is knowing how to protect yourself if you are ever called upon to act as executor of the estate of a friend or loved one who has passed away.... Read More
Posted at 12:55 PM  |  PERMALINK
Topic: Wills and Probate

Divorce Protection in Estate Planning

Sunday, March 18, 2012 by Jefferson H. Vandrew

One of the most common concerns I see nowadays among estate planning clients is protecting inheritances from divorce. ... Read More
Posted at 13:18 PM  |  PERMALINK
Topic: Trusts and Estates

Keep It Simple in Estate Planning

Saturday, February 18, 2012 by Jefferson H. Vandrew

In my last post, I talked about how too much planning to protect your assets can go badly.  That post was in the context of trying to make too many transfers and getting burned under UFTA.  In this post, I'd like to show another example of "too much" or overly complex planning.... Read More
Posted at 12:23 PM  |  PERMALINK
Topic: Trusts and Estates

UFTA, Gilchinsky & Lumbar: Sometimes You Can Plan Too Much

Sunday, January 29, 2012 by Jefferson H. Vandrew

One of the main dangers I try to advise my clients against is trying to do too much. In the estate planning realm, sometimes this means not setting up overly complicated structures when the amounts of money involved get to be too small. In the asset protection planning realm, sometimes this means that too much action can be worse than no action at all, as it can create a presumption of fraud.... Read More
Posted at 14:44 PM  |  PERMALINK
Topic: Asset Protection

Good Business Records are a Form of Asset Protection

Tuesday, January 10, 2012 by Jefferson H. Vandrew

I like to feel that being licensed as both an attorney and a CPA gives me a unique perspective on my small business clients.  One area where I think this particularly comes into play involves the interplay between the mechanics of the maintenance of financial records and the legal effect of the maintenance of financial records.... Read More
Posted at 21:36 PM  |  PERMALINK
Topic: Business Law

Tannen v. Tannen Decided

Friday, December 9, 2011 by Jefferson H. Vandrew

This post will be a quick one to update my readers on an earlier post regarding how trusts used for asset protection hold up in divorce.... Read More
Posted at 10:28 AM  |  PERMALINK
Topic: Asset Protection

Asset Protection Planning Must Be Done Early

Friday, December 2, 2011 by Jefferson H. Vandrew

Asset protection planning must be done before things get too bad.... Read More
Posted at 10:04 AM  |  PERMALINK
Topic: Asset Protection

Irrevocable Income Only Trusts: Effective for Asset Protection?

Monday, November 7, 2011 by Jefferson H. Vandrew

An analysis of irrevocable income only trusts, which are heavily hyped on the internet for asset protection.... Read More
Posted at 13:44 PM  |  PERMALINK
Topic: Asset Protection

Domestic Asset Protection Trusts: Another Blow

Sunday, October 23, 2011 by Jefferson H. Vandrew

This is a post I did on my blog regarding implications of the Mortensen case which takes a knock at Domestic Asset Protection Trusts. As I mention at the end of the post, special thanks to Randall Borkus for alerting me to this case on LinkedIn, and to Jay Adkisson and Chris Riser for writing a great analysis of the case on the Leimberg newsletter.... Read More
Posted at 14:24 PM  |  PERMALINK
Topic: Asset Protection
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