Our Commentary

 The last real banking crisis was in 1987 when hundreds of banks failed amid a commercial real estate collapse.  That credit debacle peaked in 1989 with 534 bank failures in that year alone.  Comptroller of the Currency, John C. Duncan, who oversees approximately 1700 national banks, expects bank failures to return to historical norms after […]

 The last real banking crisis was in 1987 when hundreds of banks failed amid a commercial real estate collapse.  That credit debacle peaked in 1989 with 534 bank failures in that year alone.  Comptroller of the Currency, John C. Duncan, who oversees approximately 1700 national banks, expects bank failures to return to historical norms after […]

Once you decide what you want to accomplish in your life; make a total commitment to doing whatever it takes; and get perfectly clear about what that accomplishment looks like, what is the next step in the journey to turning your intention into your reality? Well, it’s the Secret of Decisive Action! You see, a lot of […]

What does it take to achieve financial freedom? What does it take to achieve anything that you truly desire? Most people haven’t a clue. I spent thirty years studying people who have achieved extraordinary success and found that they each consciously or unconsciously do and think differently from everyone else. I call these the 9 Secrets of Achieving Financial […]

At the ripe old age of twenty-two I decided to study self-made millionaires in order to determine how they created their success. My hope was that by doing what they did, I could achieve similar results. Seems logical, right? I even hosted a TV show where I interviewed self-made millionaires including folks like the founder of Compass Bank […]

In this final article in this series on how best to protect your assets against a lawsuit, I want to cover one final area as well as help you develop a coordinated asset protection strategy.    Protecting your home. Protecting your home against lawsuit may be one of the biggest challenges. Most couples hold title to their […]

Thus far in this series on protecting your assets from a lawsuit, we’ve covered lifestyle issues, insurance planning, federal and state exemptions, titling of assets and the use of trusts. Legal documents are another way to protect your assets and today I’ll cover three categories: legacy planning, life insurance planning and prenuptial agreements. Legacy Planning. When I […]

The way most people title their assets does little to protect them in the event of a legal judgment. The three worst ways to own property, from an asset protection point of view, are in your own name, joint ownership or in a partnership.    Owning assets in your name. The main advantages include simplicity and flexibility […]

Last week I began a series on asset protection by discussing how you can reduce your risk of lawsuit through making changes in your lifestyle and protect assets by purchasing an umbrella insurance policy. When working with our clients, we do a Liability Risk Assessment whereby we attempt to determine if there are any obvious liability […]

There is a litigation crisis in America where the mantra is, “Sue everybody and we’ll sort it out later’. It is estimated that there are over 1 million lawyers in America…one for every 300 citizens. So what are the chances of you getting sued sometime during your lifetime? Turns out they’re pretty good. In fact, some research suggests that […]