Arbitration – Frequently Asked Questions

By in Asset Protection, Uncategorized

What is arbitration?
Arbitration is a dispute resolution process.
When will a dispute be resolved by arbitration?
A dispute will be resolved by arbitration if the disagreeing parties have previously agreed in writing to resolve future disputes via arbitration.
How do I know if I agreed to arbitration?
You will know if you agreed to arbitration by reading carefully the contract or agreement that governs whatever item/service you purchased or signed up for. Nearly all online services will include an arbitration clause in their standard user licensing agreements. In fact, if you’ve ever clicked “I Agree” before installing software or upon creating a username/password for an online service, you have likely agreed to arbitrate a future dispute.
What if I didn’t know I agreed to arbitrate …

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Frequently Asked Questions – Asset Protection

By in Asset Protection

What is Asset-Protection Planning?
Asset-protection planning is about organizing your affairs so that the risks of possible future claims by third parties are properly managed and minimized. By organizing one’s affairs thoughtfully, a client can significantly reduce exposure to catastrophic claims.
Who is a typical asset protection client?
The typical asset protection client is a relatively high net-worth individual—oftentimes a business owner or physician—the nature of whose business or profession exposes them to significant, if rare, claims.
Will Asset Protection Planning protect me from claims of existing creditors?
Generally speaking, no.   You cannot shelter assets from the claims of existing creditors and, indeed, transfers to thwart creditor claims can be undone by the courts. (In the context of a bankruptcy filing, however, the Ohio exemptions …

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