Who Is Best Qualified For Asset Protection Advisor?
One of the most frequent requests I get from subscribers is to recommend an asset protection advisor. I’ve commented in the past that a lot of lawyers and other financial advisors are jumping on the asset protection “bandwagon” as an opportunity to generate high hourly billing rates by working for people who have accumulated a substantial net worth. Bill Comer told me he has noticed that a lot of lawyers are looking for work – any kind of work. A few of them have approached him to ask to buy or license the use of the estate planning and asset protection trust and partnership documents that he has prepared for other attorneys. What they seem to want (according to Bill) is a pre-packaged set of legal forms with which they can become “instant experts” at asset protection. Bill tells me he is seeing a lot of lawyers who used to specialize in other areas of the law who are now offering to prepare documents for trusts, limited liability companies, family limited partnerships, tax exempt foun
