Episode #22 - Risks of Unprotected Crypto

Join John Skabelund as he discusses how your crypto may be at risk and how to keep it safe from lawsuits and creditors.   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. With more than a decade of experience, 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. Furthermore, as an outside general counsel, John has been instrumental in developing succession plans and buy-sell agreements for business owners.    In this episode, explore various domestic shields to protect your crypto and the most common mistakes that may be exposing your investments.   SHOW NOTES:   00:00 - Intro. 01:04 - Crypto, Courts, Myths. 02:15 - The Risks & Accessibility. 02:40 - LLC Wrapper. 04:27 - DAPT: Domestic Asset Protection Trust. 05:38 - Beneficiary Defective Inheritance Trust. 06:15 - Off-Shore or Foreign Asset Protection Trust. 08:02 - In Summary. 08:58 - Can a Judgement Creditor Find My Bitcoin? 09:55 - Personal, LLC, Or Trust is Safest from Creditor? 11:00 - Timing of Transfer is Everything. 11:43 - Vulnerable Types of Crypto. 12:22 - Is Foreign Asset Protection Trust Legal? 12:50 - Biggest Mistakes in "Protecting" Crypto. 13:57 - Closing Statements. Follow 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.