When Transferring Real Property to a Trust or LLC

As high net worth individuals embrace the tax and asset protection benefits of placing private property ownership in the name of a trust or LLC, critical insurance coverage issues arise. Few trusted advisors or property owners are aware that the “named insured” insurance contract provisions prohibit the extension of coverage to protect the interests of [...]

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Personal Lawsuits: how much?

When asked this common question: “how much liability insurance do I really need?” I respond with another question: “how much might you be sued for?”  Everyone knows that protecting the asset base from the threat of lawsuits, however unlikely, is simply prudent risk management. Deciding how much protection is needed is a little trickier. I have [...]

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No Good Deed….

I was recently asked by Private Asset Manager, published by Institutional Investor, to review the risks that can threaten the personal assets of those who volunteer their time serving non-profit organizations in a directorship capacity. Taking the time to understand the risks of voluntarism is important and often overlooked. Developing strategies to manage and transfer those [...]

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Insurance Protection for Wrongful Employment Acts

If your clients employ residential staff (gardeners, housekeepers or nannies, for example), they should be aware that allegations of “wrongful employment acts” make it into headlines and U.S. courts every year. Even if the allegations are false, the defense costs alone could cost you a small fortune. And imagine how such allegations could damage your reputation if [...]

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