Klabacka v. Nelson: The Case Behind Every Nevada Divorce-Protection Claim
Klabacka v. Nelson protected a Nevada trust in divorce on facts few clients have. What it held, the alimony half left out, and why it rarely travels.
Piercing the Corporate Veil: How a Creditor Reaches the LLC Owner Personally
When a court disregards an LLC and holds the owner liable, what courts look at, how it happens after judgment, and how to run an LLC so it holds.
Swap Power and the Step-Up in Basis: Do You Need One If Your Assets Never Left Your Estate?
A CPA who advises ultra-high-net-worth families left a sharp question on one of my posts last week. I had written…
Asset Protection for Business Owners
Most business owners I talk to have the entity and think that was the hard part. The entity was the…
How to Protect Your Assets From a Lawsuit
If something already happened — a demand letter, an accident, a notice of intent, a conversation with a lawyer that…
In re Mastro (Bankr. W.D. Wash. 2011) — Case Review
A Seattle developer’s Belize trust and Delaware series LLCs were unwound in bankruptcy. What the court found on timing, control, and the spouse’s liability.
Asset Protection in Washington State: What Happens When a Creditor Actually Tests Your Structure
Washington has no asset protection trust statute, and its LLC statute allows foreclosure. What the case law shows works for Washington residents — and when.
The Duress Clause That Put Him in Jail
An offshore trust had a duress provision. The Eleventh Circuit held it void — and explained exactly which duress clauses fail and why.
The Trust Was Created in 1988. It Still Failed.
A 1988 Third-Party Trust That Still Failed. Perfect timing. A restricted-trustee clause in the document. Created by a father for his son decades before any claim. An Illinois bankruptcy court held it was not a valid spendthrift trust.
Four Words Cost Them $6.5 Million
The Children's Trust That Was Self-Settled: In re Kittrell. An irrevocable trust with an anti-reversion clause still failed. The reason was a four-word class definition in the power of appointment.
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