Ohio House Bill 479 — commonly known as the Ohio Asset Management Modernization Act (OAMMA) –would make Ohio a leading asset protection jurisdiction. The proposed legislation would:
Following up on my post of April 13, 2012 —
Ohio House Bill 48 (which becomes effective on May 4, 2012) makes important changes to Sections 1705.18 and 1705.19 of the Ohio Revised Code. A new Section 1705.19(C) provides:
No creditor of a member of a limited liability company or any member’s assignee shall have
A front page article in yesterday’s New York Times (by Jessica Silver-Greenberg) reports that hospital patients waiting in an emergency room (or even convalescing after surgery) may find themselves confronted by a debt collector — right in the hospital! The Minnesota attorney general, Lori Swanson, claims that one of the nation’s largest medical debt collectors (Accretive Health)
Ohio House Bill 48 (signed by Governer Kasich on February 2, 2012) makes some significant changes to Ohio’s LLC law. The new legislation (which becomes effective on May 4, 2012) affects Sections 1705.18 and 1705.19 of the Ohio Revised Code.
The new legislation clarifies that a charging order is the sole and exclusive remedy for
Most of us now have multiple on-line accounts that require some sort of password in order to access that account. Concerns about privacy and protecting assets make us inclined to keep these passwords secret. Unfortunately, very few people consider what happens if they die and no one can access their on-line accounts.
Your asset protection/estate
Transferring an asset under certain circumstances can constitute a fraudulent conveyance. Refusing to accept an asset can also constitute a fraudulent conveyance.
Let’s say that you owe a creditor a significant amount of money. You then learn that you have received a substantial inheritance. If you take the inheritance it will go to the creditor. So
A domestic asset protection trust (DAPT) is one of many different entities that may (or may not) be an appropriate part of an asset protection plan.
This is the time of year when we are all focused on taxes. This includes our tax returns for 2011 and tax planning for 2012. So it is an appropriate time of year for a reminder about retirement plans and IRAs. We all seem to be aware of their tax advantages; but I constantly remind
Being named as a defendant in a medical malpractice case can be emotionally devastating to a physician — even if the physician is only peripherally involved in the case. Very few people fully appreciate how troubling it can be for a doctor who is named in such a lawsuit.
Debt Collector NCO Financial Systems will pay $1.5 million and change some of its collection practices to end an investigation by 19 states, including Ohio. That is according to an article today in the Cleveland Plain Dealer, by its Consumer Affairs Reporter, Sheryl Harris. The article reports that consumers in various states may be eligible
