The Asset Protection Show: Expert Strategies by Attorney John Skabelund

Join John Skabelund for the final installment of this series focusing on the top questions real estate investors have about LLC operating agreements and property ownership. In this episode, explore what an LLC operating agreement is, why not all are created equal, how your LLC impacts your taxes, and which entity protects you most.

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.

01:05 - Operating Agreements: What are they?

02:48 - Not all operating agreements are created equal.

05:05 - Poison Pills in the LLC Operating Agreement.

07:04 - Single Member LLC vs. Multi-Member LLC.

10:21 - LLC & Taxes.

13:39 - Closing Statements.

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.

Join John Skabelund for the next installment in his series, focusing on the top three questions real estate investors have about LLCs and property ownership. In this episode, explore the likelihood of real estate investors getting sued whether the property is under your personal nameor LLC, how risk adverse you and your entities are, and which properties run the greatest risk.

John 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.

00:58 -Lawsuits: Likelihood of Getting Sued

03:26 -Multiple Properties Under LLC?

05:13 -Properties with the Greatest Risk

06:20 -Least Risky Property

07:37 -Creating an LLC on Your Own

10:22 -Operating Agreements

12:19 -Asset Attorney Bonus Tips

17:42 -Closing Statements

Looking for more on 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 the top three questions real estate investors ask about establishing LLCs and the most common mistakes to avoid.

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.

SHOW NOTES:

00:00 -Intro.

00:40 -Do I need an LLC for my investment property?

05:27 -Understand your risks.

06:16 -Purchase in my name or LLC?

09:53 -Offer or LLC: Which comes first?

10:52 -WHEN to establish an LLC.

12:28 -WHERE to create an LLC.

14:20 -Closing Statements.

Looking for more on John Skabelund?

Websites: 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 the most important strategy to avoid being sued: Privacy.

In this episode, explore how and where to properly create an LLC, and why privacy is not only paramount -but a matter of life or death.

John 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.

00:32 -What assets can you legally hide?

02:00 -Complete privacy with LLC.

04:20 -Where to create LLC.

05:44 -Privacy is a matter of life and death.

9:24 -Ethical Asset Protection.

10:04 -Closing Statements.

Looking for more on John Skabelund? Websites:https://skabelund.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 the most important strategy to avoid being sued: Privacy.

In this episode, explore why liability insurance is a critical part of your asset protection, how many of your assets are and aren't discoverable to attorneys, and why you may want additional tools like irrevocable trusts and limited partnerships.

John is an experienced and nationally recognized attorney with extensive experience protecting client's assets throughout the United States.

SHOW NOTES:

00:00 - Intro.

01:04 -Accidents

03:05 -Discoverable Assets by Plaintiff Attorneys

04:42 -Liability Insurance

05:01 -Pre-Judgement vs. Post-Judgement

06:30 -Privacy States & Pro Tools

07:45 –Closing Statements

Join John Skabelund as he explores how tax and asset protection systems work together to build wealth for entrepreneurs with his guest, Jeremy Lederer.

Jeremy Lederer is a CPA and tax strategist who helps entrepreneurs achieve financial freedom through legal, personalized tax planning. With over 15 years of experience and advanced degrees in tax, accounting, and finance, he designs strategies that minimize taxes and maximize long-term wealth.

In this episode, learn how you can shift your tax day to pay day, understand and visualize the relationship between your taxes, assets, and estate, and lastly how a "virtual family office" may be the final piece your wealth strategy needs.

SHOW NOTES:

00:00 -Intro.

02:50 -Do I need a tax strategist vs. tax preparer?

06:10 -Using tax code and key strategies to build wealth

10:55 -Trifecta: Tax Strategy & Asset Protection & Estate Planning

15:09 -Definition of Virtual Family Office.

Join John Skabelund as he explores why it is crucial to properly form LLCs with privacy in mind from the beginning, as demonstrated by the case of Bill Belichick, whose publicly available ownership and management details led to unwanted media scrutiny.

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.In this episode, discover the importance of privacy in asset protection, the dangers of improper LLC formation, and the necessity of specialized legal expertise.

SHOW NOTES:

00:00 -Intro.

00:31 -Belichick & Hudson.

02:30 -Forming LLCs Improperly.

03:10 -Benefits of Privacy for a Multitude of Careers and Personal Protection.

04:06 -Work with Specialized Attorneys.

Join John Skabelund as he explores the critical role that liability insurance plays in asset protection with guest, personal and commercial consultant, and independent insurance broker at Garry L. Johnson & Associates, Kurtis Shepherd.

Kurtis has been helping groups and individuals with their insurance needs for more than 15 years. He specializes in group benefits, individual insurance, Medicare, P&C insurance (homeand auto, etc.) and cyber liability insurance.

In this episode, discover how specialized liability insurance protects your assets and legal standing, addressing often-overlooked risks for business owners, high-earners, high-profile clients, and real estate investors.

SHOW NOTES:

00:00 -Intro.

01:20 -What is liability insurance? Why is it necessary? What professional policies do I need (business owner's liability, general liability, product liability, directoror officer's coverage)? Do I need a comprehensive checklist?

07:00 -Devil's in the Details: Good vs. Bad Insurance Brokers, Exclusions, Specialization

13:56 -Advice for Real Estate Investors (Insurance, Liabilities, Injuries, Short Term Rentals, etc)

22:50 -Advice for Auto Insurance & Adult Children

26:57 -Umbrella Policies (Personal, Commercial, General, etc)

Join John Skabelund as he discovers everything you need to know about estate planning and how it will provide you full peace of mind and safety with his guest, Mark Bregman.

Mark is a principal at the law firm of Dyer, Bregman, Ferris, Wong and Carter. He has been practicing for forty five years, not only doing estate planning, but also estate litigation, estate tax planning, and administration.

In this episode, explore why an asset protection plan alone is simply not enough, why you need to work with a specialized expert versus opting for inexpensive online options, and why the time to do it is now-and not when you die.

Join John Skabelund as he discovers how to increase and safeguard your wealth and legacy by combining tax strategy and asset protection planning with his guest, Tom Wheelwright. Tom is a CPA, entrepreneur, keynote speaker, and Rich Dad Advisor to Robert Kiyosaki.

In this episode, explore how the combination of tax and asset protection planning is necessary in reducing taxes and generating wealth, tips on how to build your A-Team of advisors, and the partnership that must take place with your team to truly succeed.

SHOW NOTES:

00:00 -Intro.

04:40 -What Legacy Are You Building?

08:50 -"If you want to change your tax, YOU'VE got to change your facts."

12:43 -Build your A-Team to Create an Asset Protection and Strategic Tax Plan.

16:02 -Is Your Team Protecting You -or Protecting Themselves?

22:20 -It's Time to Upgrade to a Strategic Tax Advisor.

27:20 -Tips to Find the Right Strategic Tax Advisor for You.

32:12 -Best Advice: "You are in a partnership with your advisors."

33:54 -Closing statements.