When I was in law school, a college friend of mine reached out to me to try and get me to start “mining” for “Bitcoin.” She said that it was the future. I should participate in this revolution. Use my cheap, college internet to help out this new society.  It seemed interesting and sci-fi-ish. However, […] The post Asset protection for cryptocurrency appeared first on LayRoots ..read more

You might be wondering if you should put your car in an LLC or trust for asset protection. Unless the car is a very valuable collector item (that you do not drive often), you should not put a car in an asset protection structure. Traanscript: Hey friends, Colin and Shreya Ley here from LayRoots. LayRoots […] The post Should I put my car in my asset protection structure? appeared first on LayRoots ..read more

One fundamental difference between offshore and domestic asset protection planning is the court systems. This might actually be the root cause for why so many people seek out asset protection planning in the first place. The US court system is built for and serves to allow plaintiff attorneys (contingency fee attorneys) to take hard-earned money […] The post One fundamental difference between offshore and domestic appeared first on LayRoots ..read more

A holding company is a common asset to have within an asset protection trust. The holding company can be beneficial for a number of reasons as we discuss in the video. The post Why is there a holding company in my trust? appeared first on LayRoots ..read more

Stupid lawsuits have made an appearance in pop culture! We were excited to watch Curb last night and see Larry suffering from the threat of a frivolous lawsuit. The post Curb your frivolous lawsuit appeared first on LayRoots ..read more

Like any effective asset protection plan, you must plan early if you want to protect your assets from a personal guarantee.  We sometimes talk to people who have signed a personal guarantee for a loan and when it looks like they will default on the loan, they only then investigate how they can protect their […] The post How do I protect my assets from a personal guarantee? appeared first on LayRoots ..read more

An offshore trust works as an agreement to safeguard assets from future potential creditors. The agreement is between a person with assets (the Settlor) and a person or company to look after the assets (the Trustee) for the benefit of another person or people (the Beneficiaries). It’s an “offshore” trust because you are selecting the […] The post How does an offshore trust work? appeared first on LayRoots ..read more

Another common question we get around here. To go offshore? Or stay entirely domestic? Offshore can be more expensive and require multiple IRS disclosures. Domestic planning has a track record of being ineffective and losing in court. The good news is you don’t have to choose all of one or the other. You can pick […] The post Should I have an offshore or domestic asset protection plan? appeared first on LayRoots ..read more

Setting up an asset protection trust involves a couple of steps. The first is creating the trust itself. That takes on average 2-3 weeks. Clients in a rush have created their trust within 3 days. The next step is “funding” the trust. That means putting your assets inside of the trust. How long this takes […] The post How long does it take to set up an asset protection trust? appeared first on LayRoots ..read more

While visiting a Cook Islands trustee office, I demonstrated to their team how I could easily look up US real estate ownership information online. They were blown away that our personal information is listed online for anyone to see. Why should someone have a right to know what home you own and where you live? […] The post Real Estate Privacy appeared first on LayRoots ..read more