On this week’s episode of The Art of Passive Income, Mark and Scott welcome Attorney and Managing Partner and Co-Founder of Lodmell & Lodmell, Douglass Lodmell to the show.
Douglass Lodmell is the Managing Partner and Co-Founder of Lodmell & Lodmell. He is recognized for his excellent knowledge and experience in estate planning, strategic asset protection for domestic and international clients, and taxation. Douglass obtained his Juris Doctorate from Cardozo School of Law. In addition, he holds a Bachelor of Science degree in Finance, and an advanced law degree in taxation from NYU School of Law.
He has authored numerous articles for professional journals and is currently working on a book about the explosion of lawsuits in America and how personal wealth is no longer safe. His extensive experience in asset protection has created recurring opportunities to be the guest speaker at professional and medical conferences and seminars throughout the country.
Listen in as they discuss:
- Douglass’ journey into asset protection
- What people don’t know about asset protection
- Inside liabilities
- Vehicles that can be used to protect our assets and wealth
- Bridge trust and its functions
- Bridge trust versus foreign asset protection trust
TIP OF THE WEEK
Mark: My tip of the week is going to help you sleep all night knowing that your assets are protected, your wealth is protected. You owe it to yourself, to your family. Learn more, go to lodmell.com and start getting into it, get a consultation with Doug, start learning about all the different ways you can protect your assets.
Scott: Sometimes you want to like have this big reveal of a link or something; you’re like, you want to build some excitement with your list, you want the kind of waiting like “this is going to be released at a certain time”, and when they’re on this link it would release it to them, check out this company urlcast.io. So I’m going to send you a link and if you click the link I sent you I’m going to take you somewhere cool in two minutes and thirty-six seconds.
Douglass: My tip is to stay out of the legal system, don’t think it’s an easy way for you to get something done because it is a web-soar, it comes around and bites the unprepared. The actual thing I’d say, I did write a guide specifically on protecting real estate, it’s a topic that people are confused about. Protecting cash is easy, you can send them off-shore to the off-shore trust in the Swiss Bank, it’s a very effective and very easy thing to do. So if you want, I will send anybody who wants that guide, you can just email me and I’ll email you back with the guide. My email is [email protected].
WANT TO LISTEN MORE?
Did you like this episode? If so, tune into another one of our exciting episodes with special guest Melanie Finnegan as we discuss how to build wealth through tax lien investment.
Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?