Asset Protection:

Mr. Oshins: A beneficiary controlled trust is a trust in which the primary beneficiary is either the sole trustee or a co-trustee, and in either case has the ability to remove and replace the trustees. The trust agreement also includes provisions opting out of the prudent person or prudent man standard so that the primary beneficiary, as trustee, can invest in anything he or she desires just as such individual would be able to do with outright ownership. The primary beneficiary is also given a broad non-general power of appointment that can eliminate any potential interference by remote beneficiaries since a complaining remote beneficiary can be cut out by the primary beneficiary entirely.

from: ASSET PROTECTION AND THE SPENDTHRIFT TRUST

Richard Oshins could be called the father of the Beneficiary Controlled Trust. I believe Stephen is his son, but I’m not positive.

Anyone interested in asset protection should read what they have to say. If you would like to learn the basics first, check out my articles:

Beneficiary Controlled Trust Fact Sheet

and

Asset Protection From the Beneficiary Controlled Trust Up

===

Charles Lamm is a retired attorney and owner of Trustee and RA Services, Inc., in Coral Springs, Florida. He is now a legal/technology consultant for Accessible Communication for the Deaf.

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Apr

1

Asset Protection for Internet Businesses

Filed Under Asset Protection, Assets, Beneficiary Controlled Trusts, Internet Business, Joint Ventures, Limited Liability Companies, Losses, Trusts | 1 Comment

You may not know the many risks of doing business online. Let Mike protect you from the Internet risks. Then protect all of your assets with the Asset Protection Iron Triangle.

====

Will Your Internet Business Be Destroyed?

Just a short note to drive home something that’s very important to how you do business online.

What you don’t know CAN hurt you.

You can have a very profitable website and still lose everything because you didn’t take the right steps to protect yourself.

As with the Asset Protection Iron Triangle, you have to be concerned if your online business is in your own name and vulnerable to attack. Mike takes it a step further and teaches Internet marketers how to protect their websites from being stolen or being burned in joint ventures.

Lawsuits. CyberTheft. Investigations…and worse.

Suddenly, everything you’ve worked so hard for is gone.

Now there’s a solution.

Attorney Mike Young, the Internet lawyer for many big online marketers, has written a great new how-to book called:

“Internet Marketing Legal Secrets Revealed: How Millionaires
Protect Themselves Online…And You Can Too!”

If you’re already a client of Mike’s, or have seen him speak at a seminar, you know that he provides practical solutions because he’s both an Internet lawyer AND an online marketer too. This means he’s one of us.

This book contains simple and easy steps you can take to reduce your risk of being sued or having the government come after you for breaking laws you didn’t know existed.

Mike also teaches you how to protect what you own online to prevent others from stealing your stuff and getting away with it. Just preventing one lawsuit alone will make this book the most important one you’ve read since you started doing business online.

In addition to this book being a must-read if you’re serious about doing business on the Web, Mike’s included six great bonuses so help you protect and grow your business.

The book’s foreword, written by Andy Bourland, should not be skipped. Andy describes how Mike helped him put together a new joint venture called “ClickBank University.” It will give you a flavor for what’s involved from a legal standpoint in putting together
your joint ventures the right way.

With the new year just around the corner, give yourself peace of mind like I did by getting a copy of this book by clicking here now:

http://beatdown.lawguru.hop.clickbank.net/

I recommend Mike’s book for all Internet marketers. Theft is easier on the web compared to face to face. Prevention beats trying to recover your hard work and profits from those who would steal from you.

===

Charles Lamm is a retired attorney and owner of Trustee and RA Services Inc. in Coral Springs, Florida. His program - the Asset Protection Iron Triangle - can be found at: www.corp-llc-bct.com.

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Mar

25

ownership vs control

Filed Under Asset Protection, Assets, Beneficiary Controlled Trusts, Personal Ownership, Trusts | Leave a Comment

“Own Nothing And Control Everything”

~ John D. Rockefeller

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Mar

25

Unintended Consequences - Structuring

Filed Under Asset Protection, Assets, Beneficiary Controlled Trusts, IRS, Liens, Seizure, Trusts | Leave a Comment

All laws have unintended consequences - results not foreseen when the legislature passed a bill and the executive signed it.

Think Governor Spitzer and structuring and money laundering.

Here is a good article on how the government can turn on you for your money even when they know the source was not from an illegal enterprise:

My Big Fat IRS case

Money laundering is even sillier. Spitzer may be accused of money laundering for spending his own money on an illegal service. He wanted sex, not to help a criminal organization make money.

When the government wants your stuff, any excuse will do. One way to make sure no one comes after your money is not to expose it in your own name in your own bank accounts.

Charles Lamm

Asset Protection Iron Triangle

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Mar

16

To Republishers of Slip Knots

Filed Under Asset Protection, Assets, Beneficiary Controlled Trusts, Corporations, Divorce, Gay Marriage, Lesbian Marriage, Limited Liability Companies, Marriage, Plural Marriage, Post Nuptial Agreements, Prenuptial Agreement, Trusts | Leave a Comment

I received an email from Matt Fondel claiming a trademark to the term “Relationship LLC”. The mark exists.

I don’t believe my use of the term in the context of my article violates trademark law, and it certainly caused no damages. However, to be on the safe side, I did take any reference to “Relationship LLC” out of the article and reposted it on my blog:

corp-llc-bct.com/2008/03/16/slip-knots-alternatives-to-marriage/

While I was writing in a generic sense of the term relationship LLC, and do not sell any product or service by that name, I have removed the term from articles I posted on my blogs and in article banks.

If you could remove “Relationship LLC” from the title on your site, I would appreciate it.

If you choose to remove the article itself, I understand.

My business is trusts. I do not set up or form LLCs for others. For whatever reason, I hit on a hot topic that was picked up by hundreds of republishers. Maybe I should be in this business, but I am not.

I am sorry for any inconvenience. If any good came out of this, I at least got to visit your site, and I appreciate you republishing the article.

Thank you.

Charles Lamm
caketrust@gmail.com
www.corp-llc-bct.com

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