Show notes
GUEST BIODouglass 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 FOUNDATION00:52 Guest Background - Who is Douglass Lodmell?03:43 Protecting over $4 billions dollars worth of assets04:51 Attorney Client Privilege07:13 When to seek for an asset protection attorney12:49 What is a Trust? Difference with Self Settled Spendthrift Trust.19:46 What is a Bridge Trust?25:05 Advantages of having a Holding companyKEEPING IT REAL27:10 Biggest misconception - a revocable living trust can protect their someone’s assets28:26 Biggest mistake ever seen - building their assets in their personal name30:51 Best Advice - do it! Start!35:33 Mentor that has been a huge impact to Douglass - Dan SullivanANSWERS TO THE RAPID FIRE QUESTIONS IN THE SHOW:41:22 Favorite book - A Course and Miracles by Dr. Helen Schucman41:34 Best Habit - Meditation41:41 Best tool - making everything as efficient as possible42:26 Cash flow vs Equity - Cash43:00 Superpower in the field - to be able to communicateBOOKS MENTIONED IN THIS SHOWA Course and Miracles by Dr. Helen SchucmanNOTABLE 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 GUESTPhone: 800 231 7112Email: [email protected]Website: www.lodmell.comFacebook, YouTube, LinkedIn#ExperimentAssestProtection #AssestProtection #RealEstate
