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Asset Protection

Asset Protection and Medicaid

We’re pleased to feature a guest post from Tom Simmons, a partner with the Rapid City law firm of Gunderson, Palmer, Nelson & Ashmore, LLP. A Medicaid Irrevocable Income Only Trust (MIIOT; pronounced “my-ott”) is an irrevocable trust with both advantages for long...

Money Scripts and Asset Protection Plans

Watch this video on YouTube Asset protection is about protecting what you own against someone else taking it. The most common ways to lose assets are divorce, bankruptcy, and judgments filed against property as the result of a lawsuit. Putting your assets beyond reach...

Defining the Enemy in the War on “The Rich”

Watch this video on YouTube Before fighting a war, it’s a good thing to know your enemy. Our federal government spends almost $2 for every $1 it receives. Our national debt is now over $14 trillion, representing almost 100% of our Gross Domestic Product (national...

Protecting Your Assets When Insurance Doesn’t

Rick will speak to the Rapid City Downtown Association on “Theft Proofing Your Assets” on March 25 from 8:00-9:00am at Alternative Fuel, a downtown coffee shop. Many people think their assets are protected because they have liability insurance,...

Best Scenic Sites for Asset Protection

What do South Dakota, Alaska, and the Cook Islands have in common? Miles of scenic shoreline, for one thing. No, that’s not a joke. Landlocked South Dakota doesn’t have anything to compare to Alaska’s spectacular coastline or the reefs and beaches of...

End of the EU Having A Single Currency?

The answer from British economists is “Quite possibly, yes.” I found this stunning prediction from Robert Watts in Sunday’s London Times: “Greece urged to give up euro.” The Greek government has been advised by British economists to leave...