Asset Protection Attorney: Protecting Over $4 Billion Worth of Assets - Douglass Lodmell Episode #76

GUEST BIO Douglass Lodmell is an asset protection attorney that creates legal structures that help investors separate or protect their assets from their creditors. He is an expert in estate planning, taxation and strategic asset protection for domestic and international clients. He’s been protecting over $4 billion worth of assets from his clients. He is the owner of the Bridge Trust ™ asset protection concept which bridges the features of the Foreign Asset Protection Trust. Join us today as he steps into the lab and provides value to the community about how important an asset protection is and why one should seek one as early as they can. THE REAL ESTATE FOUNDATION 00:52  Guest Background - Who is Douglass Lodmell? 03:43  Protecting over $4 billions dollars worth of assets 04:51  Attorney Client Privilege 07:13  When to seek for an asset protection attorney 12:49  What is a Trust? Difference with Self Settled Spendthrift Trust. 19:46  What is a Bridge Trust? 25:05  Advantages of having a Holding company KEEPING IT REAL 27:10 Biggest misconception - a revocable living trust can protect their someone’s assets 28:26 Biggest mistake ever seen - building their assets in their personal name 30:51 Best Advice - do it! Start! 35:33 Mentor that has been a huge impact to Douglass - Dan Sullivan ANSWERS TO THE RAPID FIRE QUESTIONS IN THE SHOW: 41:22 Favorite book - A Course and Miracles by Dr. Helen Schucman 41:34  Best Habit - Meditation 41:41  Best tool - making everything as efficient as possible 42:26  Cash flow vs Equity - Cash 43:00  Superpower in the field - to be able to communicate BOOKS MENTIONED IN THIS SHOW A Course and Miracles by Dr. Helen Schucman NOTABLE QUOTES (KEY LESSONS): “Once you get into a routine of how things get done, you do it the same.” “Whatever you think you can do or dream you can do, do it. There’s magic in beginning something and not being afraid.” “Make your competitors your biggest asset.” “If you want to be successful, help someone be successful.” “If you're going to do anything, do it well.” CONNECTING WITH THE GUEST Phone: 800 231 7112 Email: [email protected] Website: www.lodmell.com Facebook, YouTube, LinkedIn #ExperimentAssestProtection #AssestProtection #RealEstate