The Asset Protection Show: Expert Strategies by Attorney John Skabelund

Join John Skabelund as he discusses the hidden assets that you don't know are exposed. Discover the many assets most people often forget they have and how you should structure your asset protection to prevent creditors from reaching your most valuable inventory.

John Skabelund is an experienced and nationally recognized attorney with extensive experience protecting client's assets throughout the United States. With more than a decade of experience, John has adeptly protected a diverse range of clients' estates, ranging from $500,000 to over $100 million. His clientele spans real estate investors, business owners, executives, and professionals in various fields, including medicine, law, sports, and technology. John skillfully creates comprehensive estate plans tailored to each client's unique needs, ensuring their legacy can be preserved for generations. He also has represented clients in the buying and selling of businesses across a multitude of industries.

SHOW NOTES:

00:00 - Intro.

01:11 - Intellectual Property & Digital Property.

01:45 - Financial Assets Beyond the Bank Account.

02:42 - Business Interests.

03:59 - Personal Property.

04:37 - Discovery from Plaintiff Attorney.

05:09 - Searches on Social Media.

05:28 - Are You Taking Full Inventory?

06:28 - What's the Most Surprising Hidden Asset?

07:09 - How Searches are Conducted.

08:04 - Unprotected Equity in Rental Property.

08:43 - Pending Inheritance or Lawsuit at Risk?

09:32 - First Thing You Need to Do Right Now.

10:10 - Closing Statements.

Follow John Skabelund:

Websites: https://skabelund.com/, https://ultimateassetprotection.com/

DISCLAIMER:

This content is legal information only and not legal advice. Listening or viewing this content does not create an attorney client relationship. Mr. Skabelund is admitted to practice law in Arizona, and he may be reached at UltimateAssetProtection.com.

Join John Skabelund as he discusses how your crypto may be at risk and how to keep it safe from lawsuits and creditors.

John is an experienced and nationally recognized attorney with extensive experience protecting client's assets throughout the United States. His clients describe him as having the heart of a teacher due to his ability to explain complicated topics in plain English. With more than a decade of experience, John Skabelund has adeptly protected a diverse range of clients' estates, ranging from $500,000 to over $100 million. His clientele spans real estate investors, business owners, executives, and professionals in various fields, including medicine, law, sports, and technology. John skillfully creates comprehensive estate plans tailored to each client's unique needs, ensuring their legacy can be preserved for generations. He also has represented clients in the buying and selling of businesses across a multitude of industries. Furthermore, as an outside general counsel, John has been instrumental in developing succession plans and buy-sell agreements for business owners.

In this episode, explore various domestic shields to protect your crypto and the most common mistakes that may be exposing your investments.

SHOW NOTES:

00:00 - Intro.

01:04 - Crypto, Courts, Myths.

02:15 - The Risks & Accessibility.

02:40 - LLC Wrapper.

04:27 - DAPT: Domestic Asset Protection Trust.

05:38 - Beneficiary Defective Inheritance Trust.

06:15 - Off-Shore or Foreign Asset Protection Trust.

08:02 - In Summary.

08:58 - Can a Judgement Creditor Find My Bitcoin?

09:55 - Personal, LLC, Or Trust is Safest from Creditor?

11:00 - Timing of Transfer is Everything.

11:43 - Vulnerable Types of Crypto.

12:22 - Is Foreign Asset Protection Trust Legal?

12:50 - Biggest Mistakes in "Protecting" Crypto.

13:57 - Closing Statements.

Follow John Skabelund:

Websites: https://skabelund.com/, https://ultimateassetprotection.com/

DISCLAIMER:

This content is legal information only and not legal advice. Listening or viewing this content does not create an attorney client relationship. Mr. Skabelund is admitted to practice law in Arizona, and he may be reached at UltimateAssetProtection.com.

Join John Skabelund in the final episode of this three part series where he discusses the power of life insurance as a sustainable, compounding investment tool with his guest, founder of MPI Unlimited, Curtis Ray.

In 2014, Curtis entered the world of retirement planning and insurance, where he quickly noticed that traditional investment strategies—such as 401(k)s, IRAs, real estate, and conventional insurance—were often falling short of delivering the retirement outcomes people had hoped for or expected. To provide solutions to hard-working Americans seeking a great retirement, Curtis invented and developed the MPI® Strategy, bringing simplicity to financial education to Achieve, Protect, Grow, and Accelerate the power of Compound Interest.

In this episode, explore various life insurance policies that allow for wealth building and asset protection, how to balance growth and risk, and the potential for tax-free income in retirement.

SHOW NOTES:

00:00 - Intro.

08:46 - Understanding Life Insurance: Types, Benefits, and Which is Best to Invest.

18:05 - Balancing Growth, Security, and Risk in Life Insurance.

22:13 - Understanding Family Banking & Self-Collateralized Loans.

26:52 - Are You An Ideal Candidate for Life Insurance?

29:37 - Building Generational Wealth through Family Trusts.

31:59 - Access Life Insurance Money for Your Retirement Needs.

37:18 - Policy Limitations.

40:12 - Closing Statements.

Follow John Skabelund:

Websites: https://skabelund.com/, https://ultimateassetprotection.com/

Follow Curtis Ray:

Website: www.compoundinterest.com/

DISCLAIMER:

This content is legal information only and not legal advice. Listening or viewing this content does not create an attorney client relationship. Mr. Skabelund is admitted to practice law in Arizona, and he may be reached at UltimateAssetProtection.com.

Join John Skabelund in the second episode of this three part series as he discusses the benefits of approaching life insurance as a savings strategy and which common mistakes to avoid with his guest, founder and CEO of Factum, Kyle Fuller.

Kyle Fuller started in life insurance in 2013 and has been practicing Infinite Banking since the following year. Kyle is passionate about empowering his clients through education about money. He believes that life includes 5 circles: Spiritual, Personal, Family, Financial and Occupation and the purpose of winning financially is to fund your missions and ambitions in the other circles of life.

In this episode, explore resources to begin Infinite Banking with your own family, how life insurance is more than simply an investment strategy, and discover the growth potential that exists in this particular asset.

SHOW NOTES:

00:00 - Intro.

04:34 - Family vs. Infinite Banking.

05:47 - Savings Strategy: How Life Insurance Is More Than An Investment.

09:10 - Power of a Family Office: Keeping Your Assets Perpetuated, Protected, and Growing.

12:45 - Is Life Insurance a Safer Investment than Precious Metals? Real Estate?

15:25 - Which Policies Have No Risk? Growth Potential?

21:45 - Tax Savings & Advantages of Life Insurance.

23:15 - A Deeper Dive into Family Banking.

28:02 - Steps to Access Your Life Insurance Funds.

34:00 - Concerns & Risks About Age & Eligibility.

40:00 - Understanding "Tough Money."

42:50 - Closing Statements.

Follow John Skabelund:

Websites: https://skabelund.com/, https://ultimateassetprotection.com/

DISCLAIMER:

This content is legal information only and not legal advice. Listening or viewing this content does not create an attorney client relationship. Mr. Skabelund is admitted to practice law in Arizona, and he may be reached at UltimateAssetProtection.com.

Join John Skabelund in this three part series as he discusses how life insurance provides unique asset protection benefits, as well as its advantages and disadvantages.

John is an experienced and nationally recognized attorney with extensive experience protecting client's assets throughout the United States. John Skabelund has adeptly protected a diverse range of clients' estates, ranging from $500,000 to over $100 million. His clientele spans real estate investors, business owners, executives, and professionals in various fields, including medicine, law, sports, and technology. John skillfully creates comprehensive estate plans tailored to each client's unique needs, ensuring their legacy can be preserved for generations. He also has represented clients in the buying and selling of businesses across a multitude of industries.

In this episode, explore term vs. cash value life insurance, state-level asset protection benefits, and strategic use in estate tax planning to preserve generational wealth.

SHOW NOTES:

00:00 - Intro.

02:00 - The Big Picture: What Is Life Insurance?

05:48 - Unique Protections Afforded to Each State's Statutes.

08:46 - Benefits of Cash Value Policies.

12:09 - Benefits of ILIT: An Irrevocable Life Insurance Trust.

14:23 - Estate Tax Exposure.

16:42 - Risk of Overextending Yourself.

18:25 - Closing Statements.

Follow John Skabelund:

Websites: https://skabelund.com/, https://ultimateassetprotection.com/

DISCLAIMER:

This content is legal information only and not legal advice. Listening or viewing this content does not create an attorney client relationship. Mr. Skabelund is admitted to practice law in Arizona, and he may be reached at UltimateAssetProtection.com.

Join John Skabelund as he discusses how both realtors and real estate professionals can maximize their tax benefits by avoiding these common mistakes with his guest, co-founder of Alchemy of Money, Brandon Green.

Alchemy of Money was founded by Brandon Green, a respected leader with a long career in real estate, and Shane Feldman, a celebrated entrepreneur known for building high-performing organizations around the world. Together, they saw a gap no one was addressing and created a tech-enabled financial services company that blends expert bookkeeping, tailored tax strategy, and modern systems with the lived experience of founders who truly understand the industry.

What began as a solution for their own ecosystem has evolved into a trusted partner for hundreds of real estate professionals across the country.

In this episode, they explore the unique challenges faced by realtors, the importance of bookkeeping, and the need for specialized tax strategies.

SHOW NOTES:

00:00 - Intro.

04:29 - Unique Tax Challenges for Real Estate Professionals.

10:38 - Disrupting Traditional Accounting Practices.

12:53 - The Importance of Specialization in Tax Strategy.

13:42 - Tools and Strategies for Real Estate Professionals.

18:00 - Common Mistakes in Tax Strategies.

22:30 - The Importance of Bookkeeping.

25:51 - Current Changes in Tax Law.

28:57 - Closing Statements.

Follow John Skabelund:

Websites: https://skabelund.com/, https://ultimateassetprotection.com/

Follow Brandon Green:

Website: www.alchemyofmoney.co

DISCLAIMER:

This content is legal information only and not legal advice. Listening or viewing this content does not create an attorney client relationship. Mr. Skabelund is admitted to practice law in Arizona, and he may be reached at UltimateAssetProtection.com.

Join John Skabelund as he discusses the critical role of bookkeeping in asset protection and tax strategy with his guest, Bryan Nelson.

Bryan Nelson is a Senior Accounting Advisor and Enrolled Agent with over 20 years of experience working in accounting firms. He and his family run a virtual bookkeeping firm, Real Accounting, which is dedicated to helping small businesses gain clarity and control over their finances.

In this episode, they explore various bookkeeping systems, the importance of hiring a professional bookkeeper, and how to evaluate potential bookkeepers. The conversation emphasizes the need for accurate financial records to ensure compliance and maximize tax deductions, as well as the collaborative relationship between bookkeepers and tax preparers. Bryan shares insights on onboarding a bookkeeper and the benefits of maintaining well-organized financial records.

SHOW NOTES:

00:00 - Introduction to Asset Protection and Bookkeeping.

03:51 - Understanding Bookkeeping and Its Importance.

06:43 - Choosing the Right Bookkeeping System.

08:58 - When to Hire a Professional Bookkeeper.

10:02 - Evaluating Bookkeepers: Finding the Right Fit.

12:54 - The Role of Bookkeepers in Tax Preparation.

19:50 - Onboarding a Bookkeeper: What to Expect.

22:30 - Final Thoughts on Bookkeeping and Asset Protection.

24:27 - Closing Statements.

Follow Bryan Nelson:

Website: https://realaccountingteam.com/

Follow John Skabelund:

Websites: https://skabelund.com/, https://ultimateassetprotection.com/

DISCLAIMER:

This content is legal information only and not legal advice. Listening or viewing this content does not create an attorney client relationship. Mr. Skabelund is admitted to practice law in Arizona, and he may be reached at UltimateAssetProtection.com.

Join John Skabelund as he explores the specialized planning required for owning and protecting your own personal aircraft. In this episode, learn everything from the importance of a Special Purpose LLC, the different risks of exposure, the difference between a tax advantage structure versus an asset protected structure, and so much more.

John Skabelund is an experienced and nationally recognized attorney with extensive experience protecting client's assets throughout the United States. With more than a decade of experience, John has adeptly protected a diverse range of clients' estates, ranging from $500,000 to over $100 million. His clientele spans real estate investors, business owners, executives, and professionals in various fields, including medicine, law, sports, and technology. John skillfully creates comprehensive estate plans tailored to each client's unique needs, ensuring their legacy can be preserved for generations. He also has represented clients in the buying and selling of businesses across a multitude of industries. Furthermore, as an outside general counsel, John has been instrumental in developing succession plans and buy-sell agreements for business owners.

SHOW NOTES:

00:00 -Intro.

01:24 -Why You Should Create a Special Purpose LLC.

02:48 -Problems with Aircraft Being Owned by the Business: Exposure to Operating Business, Lawsuits, and Business Divorces.

05:17 -Tax Considerations in Designing the Structure.

06:00 -Dry Lease vs. Wet Lease.

07:02 -Where To Create Your LLC for Your Aircraft.

08:17 -How to Expense Your Aircraft.

08:57 -How to Properly Lease Aircraft.

09:27 -Aircraft Insurance.

09:50 -Financing Your Aircraft.

10:20 -Planning and Preparation Prior to Purchase.

12:00 -Closing Statements.

Follow John Skabelund:

Websites: https://skabelund.com/ , https://ultimateassetprotection.com/

DISCLAIMER: This content is legal information only and not legal advice. Listening or viewing this content does not create an attorney client relationship. Mr. Skabelund is admitted to practice law in Arizona, and he may be reached at UltimateAssetProtection.com

Join John Skabelund as he explores the combination of private planes and asset protection, its many tax benefits and the trend of fractional ownership with aviation tax compliance specialist, Daniel Cheung. In this episode, learn everything from the most common mistakes, tax advantages from the Big Beautiful Bill, to financing and filing deadlines.

Daniel Cheung is the principal and co-founder of Aviation Tax Consultants, LLC. He is a certified public accountant who specializes in aviation tax compliance matters.

John Skabelund is an experienced and nationally recognized attorney with extensive experience protecting client's assets throughout the United States. His clientele spans real estate investors, business owners, executives, and professionals in various fields, including medicine, law, sports, and technology. John skillfully creates comprehensive estate plans tailored to each client's unique needs, ensuring their legacy can be preserved for generations. He also has represented clients in the buying and selling of businesses across a multitude of industries.

SHOW NOTES:

00:00 - Intro.

02:08 - Nature of Depreciating Your Plane & Its Higher Risk of Audits.

05:43 - Tax Advantages of Purchasing an Aircraft via The Big Beautiful Bill.

08:10 - Sales Tax.

11:56 - Timing is Critical: Filing Deadlines, Inspections, Closing.

14:05 - Financing & Deductible Expenses.

18:25 - Property Tax Rules & Interstate Transactions.

22:06 - How to Shield Yourself from Audits.

26:09 - Factional Ownership Per Entity & Hobby Loss Rules.

29:38 - Tax Implications of New vs. Used.

30:15 - Examples of Common Bonus & Tax Savings.

33:10 - Common Mistakes That Will Cost You.

35:45 - Overseas Travel.

37:08 - 1031 Exchange & Tax Deferral.

38:53 - Closing Statements.

For more information:

Websites: https://skabelund.com/, https://ultimateassetprotection.com/

DISCLAIMER:

This content is legal information only and not legal advice. Listening or viewing this content does not create an attorney client relationship. Mr. Skabelund is admitted to practice law in Arizona, and he may be reached at UltimateAssetProtection.com.

Join John Skabelund for the final installment of this series focusing on the most common questions real estate investors ask including when to create LLCs and when it's too late.

In this episode, understand trusts, limited partnerships, and other common tools asset protection attorneys utilize to offer you the great estasset protection.

John Skabelund is an experienced and nationally recognized attorney with extensive experience protecting client's assets throughout the United States. He has adeptly protected a diverse range of clients' estates, ranging from $500,000 to over $100 million. His clientele spans real estate investors, business owners, executives, and professionals in various fields, including medicine, law, sports, and technology. John skillfully creates comprehensive estate plans tailored to each client's unique needs, ensuring their legacy can be preserved for generations. He also has represented clients in the buying and selling of businesses across a multitude of industries.

SHOW NOTES:

00:00-Intro.

01:01-Felony of Fraudulent Transfer

03:22-Trusts: Why You Need More Than an LLC

07:45-Why Limited Partnerships Offer Greater Asset Protection

10:35-Why Insurance Isn't Enough

13:08-Tax Advantages: Property inside LLC

14:12-Personal Property in LLC

19:01-ClosingStatements.

Looking for more of John Skabelund?

Websites: https://skabelund.com/, https://ultimateassetprotection.com/

DISCLAIMER: This content is legal information only and not legal advice. Listening or viewing this content does not create an attorney client relationship. Mr. Skabelund is admitted to practice law in Arizona, and he may be reached at UltimateAssetProtection.com.