McCullough Sparks Blog
Your business only comes second to your family. We’ll handle both with the same care.
987 F.Supp. 1160 Joanne R. DEAN, et al., Plaintiffs, v. UNITED STATES of America, Defendant. No. 96-0652-CV-W-5. United States District Court, W.D. Missouri, Western Division. December 4, 1997. Page 1161 Edward J. Essay, Colorado Springs, CO, for Plaintiffs. Anita L. Mortimer, U.S. Atty’s Office, Kansas City, MO, Carol E. Schultz,
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).
If you read all the asset protection cases out there, you will find that there are really only three ways to attack a well crafted asset protection trust: (1) attempt to prove that the transfers to the trust were fraudulent transfers, (2) attack a self-settled asset protection trust by using
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