Doug
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Articles
Recent activity by Doug-
The Role of the Protector in the Bridge Trust®: Guardian of Strategic Control
In the complex arena of asset protection, the Bridge Trust® offers a hybrid solution—uniquely blending the domestic administrative ease of a U.S. trust with the formidable legal strength of an of...
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Understanding Wage Garnishment and Legal Strategies for Protection
Wage garnishment is a legal mechanism by which a creditor, after obtaining a court judgment, can compel an employer to withhold a portion of an employee's earnings to satisfy a debt. In the United ...
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Understanding the Florida Unlimited Homestead Exemption
The Florida Homestead Exemption is a legal provision that offers homeowners significant protection for their primary residence against certain creditors. Enshrined in the Florida Constitution, this...
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The Role of Insurance in Lawsuit Settlements and the Power of Asset Protection
When facing a lawsuit, one of the most critical factors influencing settlement negotiations is insurance coverage. Both plaintiffs and their attorneys—especially those working on a contingency fee—...
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From Complaint to Collection: The Lifecycle of a Lawsuit
Lawsuits are complex journeys that can stretch over months or years, involving multiple phases, complex legal strategies, significant expenses and difficult decisions for both plaintiffs and defend...
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Rev. Rul. 2023-2 and the Basis Step-Up in Irrevocable Grantor Trusts
Rev. Rul. 2023-2 clarified an important point of law regarding the interaction between Section 1014 of the Internal Revenue Code and assets transferred to irrevocable grantor trusts by completed gi...
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Can a Transfer be made directly into an LLC or LP owned by the Trust (without first going through the Trust)
A transfer to an LLC owned by a trust is functionally equivalent to a transfer first to the trust and then to the LLC because the trust is the ultimate beneficial owner of the LLC. Here’s why: 1. B...
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How Infinite Banking Works (A detailed look)
Infinite Banking is a financial strategy that leverages the cash value of a specially designed whole life insurance policy to create a personal banking system. This approach allows individuals to b...
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Does Completing the CTA or BOIR affect the Protection Your Entities provide you?
Filing the Corporate Transparency Act (CTA) or Beneficial Ownership Information Report (BOIR) is a regulatory requirement designed to increase transparency in corporate structures and prevent illeg...
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Partnership Tax Reporting: Active & Passive income on your K-1
In a limited partnership (LP) or other pass-through entities like LLCs, the K-1 forms are generally designed to report income and losses at the partner level based on the nature of the income—wheth...