The Hazards: Fleecing The Lamb
Phenomena associated with growth such as instability, inflation, and boom-and-bust cycles are bad enough. Man-made hazards to your properties present more serious threats that could break an otherwise formidable piggy bank. “A man sits,” wrote Henry Thoreau, “as many risks as he runs.” If you own properties, run a business or practice a profession, salivating [...]
Combination of corporations
The proper and timely installation and combination of corporations, limited partnerships and trusts could help insulate your properties in case you are named a defendant in a lawsuit that carries potentially catastrophic results.
Experts suggest that to avoid the charge of fraudulently transferring assets, you must protect your properties long before a claim surfaces. If you [...]
Straight Shooting
“If property had simply pleasures, we could stand it,”
wrote Oscar Wilde,
“but its duties make it unbearable.”
Wilde’s statement may have sent shivers down the spine of some property owners.
Many of them have unwisely resorted to fraudulent means to conceal true property ownership. Fortunately, for all of us, the law punishes those who seek to defraud their [...]
