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

Having Fun While Teaching “Truth Seeking” to Our Kids

Gary FalesFamily, Random Thoughts

This year, my wife, Christine, and I have started taking our six children to visit other churches with three goals in mind.  First, we wanted our children to understand other people’s beliefs to help them understand how much we all have in common together.  Next, we wanted to have fun together learning and exploring.  And finally, we wanted to see what … 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

Nolo Trusts

Gary FalesLiving Trusts

Once I had a person come see me who wanted me to review a trust prepared by Nolo. I said, “no.” He was taken back by that but I explained Nolo is no a law firm.  They are not attorneys.  They printed out a form for you to fill in.  And now if I review that trust, I’m going to … Read More

Blended Family Nightmare

Gary FalesLiving Trusts

Factual Situation Wife has a child from another marriage. She is married to her current husband for 18 years. Husband doesn’t consider her son to be his son. Husband and wife hold real estate in joint tenancy. Husband promises to give the home to the son. Husband says that they don’t need a trust because everything goes to each other … 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

Family Matters

Gary FalesLove, Random Thoughts

I have six children: Sariah (17), Nathan (15), Melissa (12), Jacob (9), Rachel (7), and Katie (4).  I would do anything for them and my wife Christine. I know you probably feel the same about your family.  And, if you’re like me, you probably put off protecting them for years because you feel you’re probably not going to die or … Read More

Why Derek Jeter Matters

Gary FalesFamily, Random Thoughts

I know that many folks don’t know who Derek Jeter is.  But I’m glad my children know. Derek Jeter is the short stop for the New York Yankees.  Last night was his last home game of his career.  During this year, every team the Yankees played honored Derek with some type of award or recognition.  They all want to be … Read More