Legal Resources
Case Studies - Asset Protection System
Estate Planning
- Bayport Michigan Doctor's Estate Sued for Driver Negligence
- “I’m so glad you have put together my plan. I feel emotionally comforted knowing my estate is set up correctly and that it gives me protection. We all know we need to put these measures into place, but we don’t know how and are not very good about putting all the details together.” -Dr. Robert Ludlow
(Full Case Study)
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Business Protection
- Construction Company Owner Faces Losing Business
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“Every once in a while you run into someone that is the best in the world at what they do. Travis Bowen and his team are just that. They provide the absolute best service with care and diligence unsurpassed. I am amazed every time I call the office for even the smallest detail. They provide the best asset protection that I have ever seen.” -Patrick F. Maderia
(Full Case Study)
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Business Liability Protection
- Business Owners Face Risk from Improperly Maintaining Corporate Records
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“Kathy and I loved the Scorecard. We saw our estate more clearly than ever before. We felt like all the details had finally come together and we understood which assets were at risk and how much risk.” Dr. Tim Droege
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(Full Case Study)
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Corporate Veil Protection
- Piercing of a Doctor's "Corporate Veil" Holds Doctor Personally Liable for Lawsuit Damages
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"We had not thought much about asset protection until lately, but once we understood the critical nature of asset protection, ‘quick’ was not soon enough to get it in place and operational. The people at Travis Bowen PC are absolute bulldogs in making sure the design and implementation of our Asset Protection System stayed on course and on time for its completion.” Dr. Richard T. Chung
(Full Case Study)
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Investment Protection
- Investor at Risk for Signing Personal Guarantee on Loan
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“Before using Travis and his team that put my Scorecard together, my personal and business structures were an absolute “train wreck,” just waiting for someone to dig their hands into my pockets. The Asset Protection System works, I have experienced the benefits first hand.” Dr. Scott Kiser
(Full Case Study)
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Tax Savings
- Company Owners Find Tax Savings in Tough Economic Times
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“There is no question that I feel safer and more comfortable knowing our protection is set up, because you never know what tomorrow is going to bring.” Dr. Robert Ludlow
(Full Case Study)
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Liability Insurance
- Seattle Company and Owners Protected Against Asbestos
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"It’s a good thing to know how to protect the things that we spend a lifetime building. We didn’t want to be a sitting duck in the litigious world we live in today, where people want to take what you have worked so hard to build. The Scorecard process told us we still had some yellow and red assets that we wanted to make green. The process showed Tom and I that a lot of things were at risk that we didn’t think were.” Carrie and Thomas Brown
(Full Case Study)
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Malpractice Protection
- Wyoming Doctor Sued for Malpractice After 40 Years of Practice
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“Before using Travis and his team that put my Scorecard together, my personal and business structures were an absolute “train wreck,” just waiting for someone to dig their hands into my pockets. Now I can rest easier knowing that outside influences cannot penetrate the umbrella they created for me. The Asset Protection System works, I have experienced the benefits first hand.” Dr. Scott Kiser
(See Full Case Study)
Human Resources Newsletter
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Articles
The Use in Tax, Estate, and Business Planning
Tax, estate and business planning entails mastering the formidable task of combining four similar, yet sometimes divergent goals of 1) reducing income, estate and other taxes, 2) preserving the family business, 3) satisfying de sires re garding the disposition of property, and 4) protecting assets from unnecessary liab ility exposure to creditors, In achieving these goals an important instrument to be utilized is the family limited partnership
The Use of Trusts in Business Continuation and Succession
Although trusts are widely used in many different contexts, this article will focus on the use of trusts in planning for business continuation and succession. First, it will highlight key issues that arise in drafting trustee powers to extend an owner's control or influence over a business after the owner's disability or death. Next, it will analyze the use of trusts to facilitate business succession where cross-purchase arrangements are used. Finally, it will discuss the use of trusts to hold S corporation stock. This article is only an overview, and the techniques discussed below should only be used after thoroughly researching all related issues.