McCullough Sparks Blog

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Law and Precedent Supporting the 541 Trust®

STATEMENT OF THE LAW Our 541 Trust® is built on two irrefutable legal principles: 1.         With respect to an irrevocable trust, a creditor of the settlor may reach the maximum amount that can be distributed to or for the settlor’s benefit (Essentially, if the trust is self-settled, it is vulnerable). 

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Why You Can’t Rely on a Wyoming LLC for Asset Protection Purposes

For many years, asset protection planners have believed and promoted the idea that an out-of-state resident could take advantage of the strong charging order laws in another state by filing their LLC in another state.  Recent cases show that this does not work. In American Institutional Partners, LLC v. Fairstar

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