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Camarda Wealth Blog

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asset protection

Common Asset Protection Errors and How to Fix Them

Here are common errors we see nearly every week, and some simple thoughts on how to correct them. Using the spouse as the asset protection “plan.” We see this a lot, particularly with doctors concerned about malpractice exposure. While this…
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asset protection

Asset Protection Fundamentals

Let’s look at some basic concepts. Asset protection is mostly controlled by state law – use one of the few states with strong law! Let’s reiterate that by noting that asset protection (like estate planning and so much other legal…
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asset protection

Using LLCs for Asset Protection

LLCs (Limited Liability Companies) are probably still among the most misunderstood vehicles around. I myself did not get a very good grasp until the early years of the 21st century,  when I became interested in learning about asset protection, despite…
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asset protection

Advanced Asset Protection Methods

Asset protection using layers and shells Remember, the essence of asset protection is diversion. Smoke and mirrors. Keep those pea shells moving. More hoops to jump through discourage potential attackers. For those with a lot of liability (or a lot…
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asset protection

Why You Need Asset Protection

We live in a litigious world. People and small businesses get sued all the time. This is likely to worsen in the decades ahead, as the wealth divide – the gulf between haves and have nots, and the income delta,…
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What is a trust, exactly?

Let’s explore trust basics as background for your estate planning. The very word trust, as it rolls off the tongue, conjures images of sterling silver, old wealth, and lives of  (perhaps) undeserved ease.  This aura is unfortunate, since trusts are…
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