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Asset Protection

Avoid “Emergency Room” Financial Planning

“An ounce of prevention is worth a pound of cure.” Most of us are familiar with this tidbit of immense wisdom. That doesn’t necessarily mean we follow it when it comes to either our physical or our financial health. According to a Modern Healthcare...

The High Financial Cost of Gray Divorce

I spend a lot of focus helping my clients protect their hard-earned assets from the reach of a frivolous lawsuit. The chance of such a lawsuit in the US is always a risk when a person with a nest egg is perceived as “rich” and someone who “could...

Who Owns Your Credit Card Reward Points?

Watch this video on YouTube Do your credit card reward points belong to you? For frequent travelers, who often choose credit cards based on reward programs, accumulated points can be worth thousands of dollars. Whether points are an asset that can be transferred to an...

Protect Business, Employees Against Embezzlement

Watch this video on YouTube After reading last week’s column on embezzling, KFG operations manager Beth Kangootui shared the following story: “‘Our accountant is leaving and we think you have the ability to learn bookkeeping. Do you want the...

Embezzlement Has High Financial, Emotional Costs

Watch this video on YouTube As a fan of our local ECHL hockey team, the Rapid City Rush, I was sorry to learn recently that the team’s new owners had uncovered evidence of some $500,000 worth of embezzlement over the past several years. Other embezzlement...

How Safe Is Your Safe Deposit Box?

Watch this video on YouTube I have routinely recommended that people use a bank safe deposit box to store valuable papers and small assets. These include documents like wills, trust documents, ethical wills, and unrecorded deeds. Valuable assets would include...