Death is 100% Certain

Gary FalesAsset Protection, Living Trusts

That may sound strange coming from an Estate Planning Attorney, but I want to help you focus on what matters most.  Yes, we should do what is reasonable to protect ourselves from losing our assets in a lawsuit.  However, I meet so many folks that want to prepare for a lawsuit, which may or may not happen; yet, they don’t … Read More

Use LLC to Keep Your Name Off Real Estate

Gary FalesAsset Protection

I often get calls about how to own real estate so that your name doesn’t appear on the real estate chain of title. Here’s how. 1. You must buy it in cash. 2. Form LLC and open a bank account. 3. Put the money for the purchase of the property in the bank account. 4. Make the offer in the … Read More

No, I’m Not Taking Your Assets

Gary FalesAsset Protection, Living Trusts

So I was speaking with my assistant, Mike Garcia, and he told me a common concern he’s hearing is that some folks think that forming a trust means you are signing away possession of the assets to us.  Quite the opposite. Even if I was someone who wanted to take your assets, by placing them in a trust you are … Read More

Umbrella Insurance

Gary FalesAsset Protection

While explaining the importance of the Nevada Asset Protection Trust (“NAPT”) in a person’s life, the person I was speaking with said her attorney doesn’t feel anyone needs the NAPT because of umbrella insurance. My response to that is simple: have that attorney put it in writing that insurance will cover you.  They won’t. Insurance companies are there to make … Read More

I Can’t Apologize for That

Gary FalesAsset Protection, Living Trusts

I was meeting with a man who was complaining about how upset he was at his old attorney for drafting a trust that was too long.  He said he met up with some friends and they all brought a copy of their living trust to compare their sizes.  One of the men had a Jay Mitton trust and he boasted … Read More